HMRC Admin 19 Response
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RE: Calculating Net Adjusted Income for Child Benefit High Income Tax Charge
Hi,
Payments to these investment schemes are not taken into account when working out your adjusted net income.
Thank you. -
RE: Dual Taxation Treaty with UAE (Dubai) and UK Pension
Hi,
We are unable to review personal matters in this forum. For an answer to a personal question of this nature, you would need to contact our Self Assesment team for advice.
Self Assessment: general enquiries
Thank you. -
RE: Claiming PPI tax paid - template letter
Hi,
If you are claiming overpayment relief, then you need to follow the guidance at here:
SACM12150 - Overpayment relief: Form of claims
Thank you. -
RE: Investing for adult children
Hi,
You can see guidance on inheritance tax here:
How Inheritance Tax works: thresholds, rules and allowances
Thank you. -
RE: Exchange rates for CGT calculations
Hi,
Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal. For your convenience, there are exchange rates here:
Exchange rates from HMRC in CSV and XML format
You can see older rates here:
Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009
You are free to use any of the supplied rates or one of your own choosing.
Thank you. -
RE: CGT real time transaction return problem
Hi,
You can see guidance on S104 holdings, as this may be relevant to declaring your date of acquisition, here:
Shares and Capital Gains Tax (Self Assessment helpsheet HS284)
Thank you. -
RE: Reporting Crypto Capital Gains
Hi,
You do not have to declare capital gains if there is no gain. You can see guidance here:
Tax when you sell shares
Check if you need to pay tax when you sell cryptoassets
Thank you. -
RE: SRT family ties
Hi,
The guidance refers to UK tax residence for the whole tax year. You can see guidance here:
RDRM11530 - Residence: The SRT: Definition of a family tie
Thank you. -
RE: Capital Loss Carrying Forward Timeline
Hi,
You need to convert your loss calculation to GBP steling, using just and reasonable exchange rates in use at the time of acquisition and disposal. The loss arising from the UK calculation can be claimed in the tax return.
Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal. For your convenience, there are exchange rates here:
Exchange rates from HMRC in CSV and XML format
You can see older rates here:
Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009
You are free to use any of the supplied rates or one of your own choosing.
Thank you. -
RE: Reporting overseas income and when to pay tax
Hi Cascat.
The 5 October is the deadline in which to register for Self Assessment to ensure you are not issued with any penalties for failing to notify HMRC that a return is required. For income received in the 2023 to 2024 tax year, you have until 31 October 2025 to file the return and pay any tax due.
Thank you.