HMRC Admin 19 Response

Hi,

We can only provide general advice on this forum.

We would sugest that you write to us and explain in the letter that you wish to have the property income split 50/50 due to the fact you are now married and that the Form 17 is not applicable as you have previously been advised this should be sufficient for your records to be noted and for both you and your wife to declare 50/50 of the income on any returns completed.

Thank you. 

Hi,

You can claim the expenses that have enhanced the property against capital gains, not redecorating to freshen up. You cannot claim for the travel or for Council Tax, or insurance from the time the property let ended as you intended to sell.

Thank you.

Hi Shelly Cunliffe,

You can see guidance here:

Tax on foreign income

Thank you.

Hi,

If you are unable to contact us by phone or webchat, you can write to us at the postal address provided in the link below. We can send you the Self Assessment returns for you to complete for the years required. We will also include guidance on how to complete your returns.

Self Assessment: general enquiries

Thank you.
 

Hi,

As a UK resident you are taxed on the arising basis on your worldwide income and capital gains. If you dispose of foreign assets, you are required to report this in a Self Assessment tax return.  

The calculation for capital gains is in pounds sterling at all stages. 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. The gains are declared on SA108 and if foreign tax is paid on the gain, you also declare on SA106 and can choose to claim a foreign tax credit of up to 100% of the foreign tax paid. This will prevent you being taxed twice.

Thank you.

Hi,

Any deposit made by you is classed as making a contribution and forms part of the £20000 limit so even the £1 you have made means you have paid into 2 ISAs for 2023 to 2024 and one should therefore be closed. This changes after 6 April 2024 where you can then make payments into more than one each tax year.

Thank you

Hi,

You can see guidance here:

PTM133810 - Unauthorised payments: Deemed or specific situations that are unauthorised payments: recycling of pension commencement lump sums: overview

Thank you.

Hi,

We do have a large backlog at present, however, the 60 day deadline for payment will be extended as it is a paper form. Once we process it, you will be given a further 14 days from then to make payment without any charges being imposed.

Thank you.

Hi,

You can see guidance here:

Tax on your UK income if you live abroad

Thank you.

Hi,

As you will have two properties, you will need to confirm in writing, the date on which you consider the second property to be your main residence. Please see the section 'only or main residence' in the guidance here:

 HS283 Private Residence Relief (2023) 

When calculating your Private Residence Rlief once you have disposed of the first property, you would add 9 months to the number of months the property was your main residence over the total number of months that you owned the property. This fraction is used to work out the available tax relief against any capital gain arising from the disposal. Please see the guidance above for more information.

Thank you.