HMRC Admin 19 Response

Hi P Wright,

Contract for differences (CFDs) is defined as a contract the purpose or pretended purpose of which is to make a profit or avoid a loss by reference to fluctuations in the value or price of property referred to in the contract, or an index or other factor designated in the contract. You can see guidance here:

CFM50380 - Derivative contracts: relevant contracts: contracts for differences

They should be shown in the "Other property, assets and gains" section of SA108, capital gains, as it is for gains or losses on disposals of assets not covered elsewhere.  

The section for listed shares and securities relates to shares or securities from a company listed on a recognised stock exchange, shares in a UK open-ended investment company and units in a authorised unit trust.  You should claim losses under other (OTH) and describe the losses in the freehand box at the end of the capital gains section.

Thank you.

Hi,

There are 4 different types of ISA. You can put money into one of each kind of ISA each tax year, but the maximum you can save in total is £20000 per year and a maximum of £4000 into a lifetime ISA in a tax year.  You can see guidance here on how to transfer your ISA here:

Individual Savings Accounts (ISAs)

Thank you.

Hi,

The Self Assessment criteria tool advises that ""examiner, exam moderator or invigilator"", must complete a Self Assessment tax return, even if the income is below the personal allowances.

Check if you need to send a Self Assessment tax return

Thank you.

Hi,

You can download and print off the Double Taxation treaty relief — Germany form here:

Double Taxation: treaty relief (Form DT-Individual (Germany))

You will need to declare on the form, your UK pensions and state pensions that you are in receipt of.  Once you have signed and dated it, you send it the completed form to German tax authorities to validate. They will return the validated form to you, so that you can send it to HMRC at the address shown on page 1 of the form. HMRC can then instruct your pension providers to stop deducting tax and repay any tax paid going back to 6 April.

Thank you.
 

Hi,

Class 2 and Class 4 National Insurance contributions are paid on profits from self employment, also know as being a 'sole trader', as well as partnership profits. Legislation at ITTOIA05/S268, charges tax on rental income as property income since 6 April 2005, even if it could properly be regarded as a trade receipt. You can see guidance here: 

Work out your rental income when you let property

Thank you

Hi,

Please contact our Stamp Duty Land Tax team for advice.

Stamp Duty Land Tax

Thank you.

Hi,

Your existing UTR will not change. You will keep it for life, in most circumstances.  

Your rental income will still be declared on SA105 and self employment on SA103. To register as self employed, please contact the National Insurance.

National Insurance: general enquiries

They will only register you if you have a valid National Insurance number (NINO). If you do not have a valid NINO, you will need to apply for one:

Apply for a National Insurance number

Your current gateway account should not change.

Thank you.

Hi Ashwin Patkar,

There are other criteria besides being in receipt of foreign income that require the completion of a tax return, so we cannot advise whether you need to complete a tax return or not. To check if a tax return is required you can use the tool here:

Check if you need to send a Self Assessment tax return

Alternatively you  can contact our Self Assessment team.

Self Assessment: general enquiries

Thank you.

Hi, Sorry, we can only answer questions appropriate to HMRC on this forum. Please contact the DWP for advice. Apply for a National Insurance number Thank you