HMRC Admin 19 Response
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RE: IHT direct payment scheme
Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you. -
RE: WILLS and GIFTS
Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you. -
RE: Estimated income from savings
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RE: Liability for CGT
Hi Andrea Roberts,
It is now too late to submit an amended PPDCGT return form. Your husband will need to compete a Self Assessment tax return and include his worldwide income, using the relevant supplementary pages. Capital gains is declared on supplementary page SA108.
He will need to show the revised Capital Gains Tax liability for the property disposal. The supplementary page should also show the gain declared on the PPDCGT form, box 9 page CG1, and the tax paid, box 10 CG1.
Thank you. -
RE: Money from selling property oversea
Hi Tadge Dabrowski,
As the individuals are the beneficial owners of the property, they would each be required to work out if they have a capital gain to report. As this is an overseas property disposal, each individual would be required to declare the disposal in a Self Assesment tax return, whether there is is a gain or not. You can see guidance here: CG10720 - Persons chargeable: beneficial owner
Thank you. -
RE: Basis period reform profit spreading period
Hi,
When a partnership is formed it changes the business's legal structure. Effectively, the sole trade ceases and the partnership begins. For details on reporting this please see thr following guidance:
Tell HMRC about a change to your business
Assets that where used by the original sole trader that continues to be owned by them does not trigger a capital gain. Only if the asset is to change physical ownership to the other partners may trigger a capital gain based on the percentage of the asset ownership is being transferred. You can see guidance here:
PM272100 - Capital gains- introduction
Thank you. -
RE: Selling Goods to Irish Company but dispatching them to their UK Premises
Hi,
If your business is in the UK and you are selling goods to an Irish company but the goods are moving within the UK, then there would be VAT on these goods as the place of supply of the goods would be the UK.
The VAT treatment would only be different if you were exporting these goods as this would be a zero rated supply of exported goods. You can see guidance here:
Conditions and time limits for zero rating
Thank you. -
RE: VAT Threshold and providing services for overseas businesses
Hi,
Please refer to VAT Notice 741A section 3.1 and 6 below. Your supply is to the UK business so you will invoice the UK business charging UK VAT.
Place of supply of services (VAT Notice 741A)
Thank you. -
RE: An error in my Employment History
Hi,
All our different contact methods were shown in the link provided in our previous reply. How you choose to contact us is up to you.
Thank you. -
RE: Stamp duty when mortgage a property