HMRC Admin 19
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Re: Full Time Stock Trader - Capital Gain Tax or Income Tax
Hi,
Under Self Assessment it is for you to use the guidance to consider whether you are trading or not. You can see guidance here:
CG56004 - Futures: income or CG: CG treatment
Where an individual is investing their own money the likelihood is that they will fall within the capital gains regime.
Thank you. -
Re: Overseas Income of £2500/Year from Interest only from 2015 onwards and did not file Assessment
Hi,
For overseas income, you need to tailor your tax return to show that you have foreign income. This will then open further boxes for you to declare the interest received.
Thank you. -
Re: Split year treatment
Hi David,
If the company pays you under PAYE then you are classed as employed by them as they will deduct your tax and National Insurance. If they pay you gross then you are self employed. You would then need to register for Self Assessment when you ascertain which type of employment you come under.
You also need to complete the SA100, full tax return. For the split year it is SA109.
Thank you. -
Re: HMRC Advisory Electric Fuel Rates Tax
Hi,
You can only claim the difference between the cost and the 5 pence per mile (ppm) if the employer reimburses you less than the 5ppm figure.
Further information for the rates are here:
Advisory fuel rates
Thank you. -
Re: Self Assessment Tax Form
Hi,
If you are unsure why a return has been requested, you can check our criteria tool to see if you meet the criteria:
Check if you need to send a Self Assessment tax return
If you do not meet the criteria, you can contact our Self Assessment department to review if a return is required:
Self Assessment: general enquiries
Thank you. -
Re: Cannot change my address if I am not a UK resident and not living in the UK
Hi,
If you are unable to verify, you would need to contact us by telephone or in writing.
Income Tax: general enquiries
Thank you. -
Re: Foreign Savings Interest Income
Hi,
You will enter the full amount of income received and the system will automatically grant the exemption in the calculation.
Thank you. -
Re: Self-Assessment - Personal Allowance - Swiss citizen
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Re: How to attribute property income tax rules to 6 months lodger vs 6 months whole house rent?
Hi,
After reviewing your question we would refer you to the following guidance:
PIM4012 - Rent-a-room: more than one source
Based on what you have told us the choice is yours.
If you have any further questions we suggest you contact our helpline on 0300 200 3300 and ask to speak to a technician.
Thank you. -
Re: Money transfer
Hi Louise,
You will not pay tax on the capital that you transfer. However, any interest that it generates may be liable to Income Tax in the UK.
Thank you.