HMRC Admin 19 Response

Hi,
You can see guidance here:
Tax when you sell property
Tax when you sell your home
Thank you.
 

Hi,
The fact that the property is overseas, means that its disposal must be declared on a Self Assessment tax return, with no exceptions. You would only declare your share of the property using UK pounds sterling for all values in the calculation. There is a calculator to help you with this here: 
Tax when you sell property   
Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal. For your convenience, there are exchange rates here:
Exchange rates from HMRC in CSV and XML format
and for older rates here:
Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009
You are free to use any of the supplied rates or one of your own choosing.
Thank you.

Hi,
You can contact our webchat facility, ask to speak to a human and it will transfer your chat to an adviser.
Contact HMRC
Thank you.

Hi,
Please have a look at the guidance here:
INTM162090 - UK residents with foreign income or gains: certificates of residence: meaning of subject to tax
Thank you. 
 

Hi,
Repairs and maintenance are expenses and set aginst income from property, not capital gains. Fees for arranging a mortgage and the mortgage interest are expenses set agains property income and not capital gains. Nether are appropriate for capital gains. You can see guidance on capital expenditure at here:
CG15150 - Expenditure: introduction
Thank you.

Hi,
You will need to contact our Inheritance Tax team for advice. 
Inheritance Tax: general enquiries
Thank you.

Hi,
We cannot advise you on the complexities of Maltese tax. Article 18(1) advises that your UK SIPP is taxable only in Malta.  
To claim the tax back from the UK, you will need to download the double taxation treaty form here:
Double Taxation: Treaty Relief (Form DT-Individual)
Please send the completed and signed form to the Maltese tax authorities for validation. They will return the validated form to you, so that you can send it to HMRC at the address on the front of the form.
Thank you.

 

Hi,
Prior to 2017 to 2018 the loan interest would have been allowable as a revenue expense. However, from 2017 to 2018, over a period of 4 years, the tax relief that landlords of residential properties get for finance costs was calculated differently and was gradually restricted to the basic rate of Iincome Tax. You can see guidance, including examples, here:
Tax relief for residential landlords: how it's worked out
From 2020 to 2021 onwards to claim relief for residential property finance costs you need to enter the costs claimed for at box 44 on the property page of your Self Assessment tax reurn.
Thank you.

Hi.
If you are a VAT registered business, then you only need to raise VAT invoices if requested by another VAT registered business.
If you are VAT registered and charging VAT on your sales then the VAT on these sales would need to be reported on your quarterly VAT return along with any VAT on your purchases. Please see the guidance below regarding keeping records and submitting your Making Tax Digital returns:
Digital record-keeping
Thank you.

Hi,
From a VAT perspective we would not be able to confirm to you if you are a UK established business or a non established taxable business. The guidance below details the criteria of a non established taxable business:
Who should register for VAT (VAT Notice 700/1)
We would reconmmend contacting the marketplace again to confirm that we can not provide you with this confirmation and that they will either need to accept the evidence provided to them from you or to request alternative evidence from you.
Thank you.