HMRC Admin 19 Response
-
RE: Lifetime ISA - "First home" question
-
RE: Money transfer
Hi,
There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax. Further guidance can be found here:
Tax on savings interest
Tax on dividends
Thank you.
-
RE: Reporting Funds for Dual National UK resident
Hi,
It depends on the platform, as some investment platforms require you to be resident to use them, so you would need to check.
Thank you. -
RE: What value to use for shares bought over time for CGT threshold
Hi,
You can see guidance here:
HS285 Share reorganisations, company takeovers and Capital Gains Tax (2024)
Thank you. -
RE: Commission and brokerage on Gilts
Hi,
Yes, you can claim when you report any gain or loss.
Thank you. -
RE: Tax overpaid of the first-year self assessement tax return
Hi,
If you contact our Self Assessment team, we should be able to confirm where the overpayment you have received has come from.
Self Assessment: general enquiries
Thank you. -
RE: Gapital Gains Tax on a FHL
Hi,
We can only provide general information and guidance in this forum. For an answer to a detailed question of this nature, you would need to contact our Self Assessment team, or seek professional advice.
Self Assessment: general enquiries
Thank you. -
RE: Retired end of May. P45 YTD value added to payslip from other previous pension provider
Hi,
This is standard practice, t allows us to calculate the tax free allowances that we can apply to your pension source after the employment these allowances had previously been allocated to had ended.
When you complete your return, you would include the two months income from your employer, but also include the tax paid on that income. You would also include the pension income received from both of your pension sources, along with the tax paid on these pensions.
If you require any assitance confirming the correct figures to enter, please contact our Self Assessment team.
Self Assessment: general enquiries
Thank you. -
RE: Work for overseas company while staying in the UK
Hi,
Yes, that is correct.
Thank you. -
RE: Capital Gains tax on previous home i lived in then let out