HMRC Admin 19 Response
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RE: Tax on Cash Gift from Company
Hi,
If the company is your employer, please refer to the guidance here:
Expenses and benefits: gifts to employees
Thank you. -
RE: Foreign life insurance payouts
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RE: Claim Remittance Basis for Foreign Capital Gain and Foreign Income
Hi,
You can see guidance here:
Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you. -
RE: Capital Gains Tax 2023-24 – loss to be carried forward; share of investment club losses
Hi,
If you have no need for a tax return, you can report your losses in a letter and provide a computation for your figure.
For the investment club, you can see guidance here:
CG20600 - Investment clubs
Thank you. -
RE: Claiming CG deferral relief from investments in multiple companies using an EIS5 form
Hi,
You can attach a spreadsheet/letter to claim the relief on the other sources.
Thank you. -
RE: Other UK income?
Hi,
You can declare this as self employment.
Thank you. -
RE: CGT on BTL originally Main Residence and Joint Ownership
Hi,- It is £335000 for the purchase price and this is split between you and your spouse to declare.
- You both declare your share separately to claim the £3000 annual allowance for this tax year.
- 3 answered at 2.
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RE: Help with accounting for insurance payout for written off van in tax return
Hi,
It is likely the insurance pay out should be included as a balancing charge on self employed page of your return. You can see guidance under the headings "Disposals" and "Balancing Charge" in the following guidance, an example is included under the latter heading.
HS252 Capital allowances and balancing charges 2024
Thank you. -
RE: CGT and Dividends / Excess Reportable income on Part Disposal of funds
Hi,
Just the ones associated with the sale as the remainder will be used when you sell the rest.
Thank you. -
RE: Questions about CGT and private residence relief