HMRC Admin 19 Response

Hi,

In the foreign section, you should declare $10000, as that is the interest received and claim a credit for $1000, as that is the tax paid. In this way, $10000 is included in the SA calculatation and up to $1000 credited as tax already paid.

Thank you.

Hi,

If you are tax resident in the UK and employed by a UK employer, you are taxable on your employment income in the UK.

If you are tax resident in the UK and receive UK bank interest, then this is taxable in the UK.

As you are dual tax resident, you may find you have to pay taxes in both countries. As the UK is your main place of residence, then the UK has the first rights to tax your sources of UK income. Slovenia may also claim the right to tax them. Article 14 of the double taxation agreement confirms that you are taxable in the UK, however, if you undertake any of that work while in Slovenia, you are taxable on that work in Slovenia.  

UNITED KINGDOM / Slovenia DOUBLE TAXATION CONVENTION

Article 23 of the DTA allows you to claim a tax credit in Slovenis against tax paid in the UK.

Thank you.

Hi,

What you do with your refund is up to you.

Thank you.

Hi,

1. You can only claim tax relief on any interest paid. This is under residential property finance costs.
2. You need to declare the income, including Airbnb, as your gross profit and claim the Airbnb fees as expenses.
3. Your wife will need to declare her 50 percent share on her own tax return, just as you have to declare your 50 percent on your tax return.  

If you have a deed of trust is in place, you will need to complete form 17 to declare the beneificial interest in joint property income. You can see guidance here:

Declare beneficial interests in joint property and income

You have 60 days from the date the form 17 is signed to submit it to HMRC. If it is recieved after 60 days, it will be rejected. You can only use the deed of trust split if it is agreed by HMRC, until then it is 50:50 only.

Thank you.

Hi,

This is a beneficial loan, given at a preferential rate. Tax is payable on the interest that the loan would accrue, had it been charged, not the amount of the loan itself. The interest would only be chargeable in the tax years you were resident in the UK. The amount of loan exceeds the Self Assessment criteria, so needs to be reported in a tax return.

Thank you.

Hi,

You can see guidance for listed shares and securities here:

Capital Gains Summary notes  

If your shares are listed, then you would include them in the listed shares and securities section of the onine tax return. If they are not listed, then delcare them in the unlisted shares and securities section.  

The term "allowable costs" covers the cost of buying and selling the shares. This is the sum of buying the shares plus the fees for buying and selling the shares. This would also include the legal fees.

Thank you.

Hi,

You will need to contact our online services team for advice.

Technical support with HMRC online services

Thank you.

Hi,

You cannot claim tax relief on payments into your pension scheme, that your employer makes. You can only claim tax relief on those payments that you make. Your employer should be able to claim tax relief on payments they make.

Thank you.

Hi,

You would ignore the payments made by your employer, as you cannot claim tax relief for those payments. You would declare your gross payment, your payment and the tax claimed back by Nest, in box 1 of page TR4 on SA100. This will allow you to claim any additional relief you are due.  

You can amend your two previous tax returns, 2021/22 and 2022/23, and claim overpayment relief for the earlier two years, by following the guidance here:

SACM12150 - Overpayment relief: Form of claims

Any overpayment relief claims for 2019/20 received after 5 April 2024, are out of date and cannot be claimed.

Thank you.

Hi,

We can only provide general information, and, or guidance in this forum. We cannot give you legal or financial advice. For an answer to a question of this nature, you would need to seek professional advice.

Thank you.