HMRC Admin 19 Response

Hi,

It is at the end of the return, after adjustments.

Thank you. 

Hi,

You need to ensure that you complete the section to show that the capital gains has already been reported and paid. This should then cancel out the charge.

Thank you.

Hi,

No, any in year losses must be used first even if this means you lose out on all or some of the annual exempt amount for capital gains.

Thank you.


 

Hi Prayingmantis Malin,

If you have not received it after 10 working days then you will need to contact us to review.

Contact HMRC

Thank you.
 

Hi,

As interest paid by banks in the UK is paid gross, this should be declared under untaxed interest on the return irrespective of what is in your tax code.

Thank you.

Hi,

If foreign tax has been deducted, you will show this on the foreign page and also as a self employment. If it is the same source as your UK income, you need to add this to your turnover. You can see guidance here:

Tax on foreign income

Thank you.

Hi,

If your partner transfers 20% of her 50% share of the property to you, then this is a disposal as she is disposing of a share of her property. However, as this has been her only home and she has lived in it for her full period of ownership then this disposal would be covered by Private Residence Relief.

Your partner’s first disposal would be for the 20% element which is covered by Private Residence Relief. When the property is sold, her acquisition cost will be based on the 30% element as she has already disposed of 20%. The 30% element would again be covered by Private Residence Relief if this is the only property she owns and she has lived in it for the full period of ownership. You can see guidance here:

Private Residence Relief (Self Assessment helpsheet HS283)

Thank you.

Hi,

Where a member’s relevant UK earnings chargeable to tax are less than £3,600, tax relief on the amount of any contribution over the level of their earnings up to the £3,600 limit can only be given if the contribution is paid to a pension scheme that operates the relief at source (RAS) system.

As you have no relevant earnings, yes, your limit is £3600 and as a higher rate taxpayer, if you meet the conditions referred to, then your tax would be reduced by a further £3600 at 20 percent.

Thank you.

 

Hi,

If no foreign tax has been deducted you will just include it as self employed income and declare the amount in sterling.

Thank you.

Hi,

Yes you will, as you have not paid this.

Thank you.