HMRC Admin 19 Response
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RE: SIPP contribution from Ltd Co
Hi,
No, tax relief is only due on earnings and, or, payments in the same tax year.
Thank you. -
RE: Reporting capital gains on US inheritance
Hi,
You would use the market value of the stock on the date you inherited it, as the acquisition cost. This will be the same value applied to the stock in your grandmother's estate. This sum is converted to GBP sterling using a just and reasonable exchange rate in use at that time. The disposal value is also converted to GBP sterling, as well as the disposal costs, using an exchange rate in use at the time. The disposal value minus the allowable costs, give you the gain or loss.
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: How to report untaxed foreign income and foreign expenses under a partnership?
Hi,
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances.
You may wish to contact our Self Assesment team for advice:
Self Assessment: general enquiries
Thank you. -
RE: Clarification on rules when receiving inheritance from abroad
Hi Popokatepetl,
Please contact our Inheritance Tax team for advice with regards to both your questions.
Inheritance Tax: general enquiries
Thank you. -
RE: Tax Relief on Carry Forward Pension Contributions
Hi phil C,
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances. You can see guidance here:
Tax on your private pension contributions
You may wish to contact our Self Assesment team for advice:
Self Assessment: general enquiries
Alternatively, you may consider seeking professional advice.
Thank you.
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RE: CGT and allowable allowances.
Hi,
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances.
You may wish to contact our Self Assesment team for advice:
Self Assessment: general enquiries
Alternatively, you may consider seeking professional advice.
Thank you.
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RE: ISA Transfers and new ISAs
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RE: Incorrect payment reference on bank transfer
Hi,
Unfortunately, it is not possible to check individual tax records through this forum, if you have a question which relates to your personal tax situation or tax code please contact our Income Tax team:
Income Tax: general enquiries
On this page you will also see a link to Personal tax account: sign in or set up which may be the quickest way to review information relating to pay and tax history, tax codes and how to change them.
Thank you. -
RE: Business Tax Balance
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RE: Intrastat
Hi,
You can see guidance here:
Trading goods with the EU: when to declare using Intrastat
At the bottom of the page there is an email address for the Intrastat Team so we would recommend contacting them to address these questions.
Thank you.