HMRC Admin 19 Response

Hi,

You can refer to the following guidance, and in particular point 11:

HS227 Losses (2023)

Thank you.

Hi,

The code NT can only be issued once the pension is actually in payment so its likely that UK tax will be deducted. To claim this back, please see here:

Double Taxation: UK - Spain (Form Spain-Individual)

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Hi Chong Kenneth,

You can see guidance here:

Tax on your UK income if you live abroad

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Hi,

That is for you to detrmine based on the guidance available: 

RDRM12000 - Residence: The SRT: Split year treatment

You can also check here:

Check your UK residence status

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Hi PatWong Wong,

If she does not have the information for the identity verification she will not be able to create a personal tax account.

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Hi,

We hope you might find it helpful if we firstly confirm that the purpose of this forum is to assist and advise our customers to enable them to self assess accurately. We should emphasise however, that HMRC does not generally provide clearance or prior rulings on declarations that are to be made on subsequent Self Assessment tax returns. With this principle in mind, we can respond to your questions as follows:

Goodwill, as you aware, separate computations are required for the different assets disposed of by your daughter on the sale of her business.The guidance at CG15161  confirms that, ‘If the disposer created the asset to provide it - for example, copyright or goodwill of a business - the cost of acquisition is the expenditure wholly and exclusively incurred by him or her in creating it, if any.’

CG15161 - Expenditure: allowable: cost of acquisition or creation

It might be useful, when computing the capital gain on the goodwill of her business, to consider the meaning of goodwill as outined in the following guidance and how, for example, a new business will not have an existing reputation but from the commencement of its activities it will begin to generate goodwill.

CG68010 - Goodwill: meaning of goodwill

Having considered the above guidance, you might conclude that the list of items you provided for HMRC comment might not be relevant as goodwill acquisition costs. That is however for your daughter to decide and, if she remains uncertain, she might wish to seek professional advice.

Fixtures and Fittings, as explained in our previous reply, if the value of individual assets was not itemised at disposal, apportionments on a just and reasonable basis would be expected. If, when preparing respective computation working sheets, you have collectively allocated such an apportionment to items of the same type, it would seem reasonable to enter these on one working sheet, with an explanation of your approach provided. You can see guidance here: 
     
CG15161 - Expenditure: allowable: cost of acquisition or creation

Thank you.
 

Hi,

You can amend a probate value at any time up to 2 years after the date of death and you should include details when submitting the Capital Gains Tax return.

Thank you.

Hi,

Your lump sum payment falls under Article 18 (a) so is only taxable in Belgium.

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Hi,

The SA100 would need to be requested by contacting our Self Assessment team and requesting the form.

Self Assessment: general enquiries

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Hi,

If claiming the remittance basis then there is no need to declare it if he meets the following conditions:

Remittance basis 2023 (HS264)

Thank you.