HMRC Admin 19 Response

Hi,
You can see guidance here:
Securities sold or transferred
Thank you.

Hi,
Under the conditions of Statement of Practice SP8/92, HMRC will admit claims to holdover relief without requiring a computation of the held over capital gain. This is on the condition that the second page of the HS295 claim form is fully completed and that the estimated values are also declared on the tax return of the transferor in the tax year of the disposal, along with the relevant claim for holdover relief.
The estimated capital gain may, of course, be derived from the estimated figures you provide and for good practice may be entered in the gain held over box on the first page of the HS295 claim form.
Thank you.

Hi,
If you have already notified us of the loss, then yes, you can bring it forward and use it. The online return will have the same question so you need to ensure that you have answered yes to capital gains for this to open.
Thank you.

Hi,
You will declare this through Self Assessment as foreign income so if you are not already registered you will need to register and file a tax return.
You will not be asked for evidence at this stage.
The expenses also need to be declared as income but you can then show them again as expenses. The income must be declared in sterling.
Thank you.

Hi,
Please contact our pension schemes team for advice.
Pension schemes
Thank you.

Hi,
It is from your salary as it is earned income.
Thank you.

We are here to help you get your tax right and meet the tax return and payment deadline of 31 January. 

There is plenty of help available online, including:

• video tutorials to guide you through the process
• tools for checking if you need to do a tax return and register for Self Assessment 
• a self-employed tax calculator to estimate your tax bill, or work out your Basis Period Reform transition profit  

Remember to make sure you submit your tax return and pay on time to avoid any penalties.

We are here to help you get your tax right and meet the tax return and payment deadline of 31 January. 

There is plenty of help available online, including:

• video tutorials to guide you through the process
• tools for checking if you need to do a tax return and register for Self Assessment 
• a self-employed tax calculator to estimate your tax bill, or work out your Basis Period Reform transition profit  

Remember to make sure you submit your tax return and pay on time to avoid any penalties.
 

Hi,
No, as you already have an existing record. Just put a note in the comments section when completing the return to confirm the partnership did not actually trade.
Thank you,

Hi,
UK REITs and non UK REITs are vehicles that allows an investor to obtain broadly similar returns from their investment, as they would have, had they invested directly in property. In the hands of the shareholder, the profits paid out are known as property income distributions or dividends (PIDs) and are taxable in the same way as profits of a UK property rental business.  
Where Non UK REITs are distributed, the profits and foreign tax deducted are declared in the foreign sections under 'income from land and property abroad', where a foreign tax credit can be claimed. They are not taxed as dividends, but as property income.
Thank you.