HMRC Admin 19 Response

Hi,

Untaxed savings interest is taxed using the same tax bands for the UK.

In your example if your employment income was £40,000 and savings interest of £5000 then you would not reach the 41% for the 2022 to 2023 tax year on your employment income. On the savings income you would receive £1000 tax free and pay tax at 20% on the £4000 balance. 

Thank you.

Hi,

The nominated partner would need to write in to give authorisation to speak to other partners and give their full name(s). This would be for advice only as this would not allow them to make any amendments to figures.

Thank you.

Hi,

You can refer to the following guidance:

CRYPTO22100 - Cryptoassets for individuals: Capital Gains Tax: what is a disposal
 
You will need to write in with all the facts relating to this if you want any further information.

Thank you.

Hi,

The 1009T M1 does mean the your tax free allowance is lower. You will need to contact our Income Tax team to review the tax code.

Income Tax: general enquiries

Thank you.

Hi,

1. Yes, you would be able to claim relief on the payments for the amount you are above the higher rate tax band.
2. You can only claim relief on the pension contributions for the amount you are above the higher rate threshold.

Thank you.

 

Hi,

You can see guidance here:

Trusts and taxes

Thank you.

Hi,

For an individual selling shares there would be subject to capital gains. However, if the shares are gifted to the charity then there is no tax to pay. You can see guidance here:

Capital Gains Tax: what you pay it on, rates and allowances

Thank you

Hi,

If you gift this to your wife and then the house is sold, she is classed as having acquired it at the date you bought it and all income and expenses would then be split 50/50. You can see guidance here:

Gifts to your spouse or charity

Thank you.

Hi,

You will need to contact our Child Benefit team for advice.

Child Benefit: general enquiries

Thank you.

Hi,

If you are present in the Netherlands for more than 183 days, the UK would not consider you to be UK resident for the same period and as such the income would not be liable in the UK.

Thank you.