HMRC Admin 19 Response
-
RE: Am I working for one person or firm only?
Hi,
If your self employment it is for one company only then you would answer yes.
Thank you. -
RE: Redundancy and Pension
Hi,
Please refer to the following guidance under the section "Earnings that attract tax relief":
PTM044100 - Contributions: tax relief for members: conditions
Thank you. -
RE: Capital Gains Tax Query on EU Property Sale for UK Resident
Hi,
You can see guidance here:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. -
RE: When Do I Declare The Interest On Fixed Rate Bonds ?
Hi,
If an individual is unable to withdraw or have access to the interest when it is credited to their account, or has a specific product such as a bond, the interest will not arise and therefore they will not be taxable until they have access to the interest. You can see guidance here:
SAIM2400 - Interest: taxation of interest: the tax charge
Thank you. -
RE: Change of address
-
RE: help/advice on IHT would be great...
Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you. -
RE: Be both employed and self-employed at the same time
-
RE: Will salary back pay affect child benefit
-
RE: Letter asking for immediate payment - error?
Hi,
Unfortunately as we would need to access your records to answer your query, you will need to contact our Income Tax team for advice.
Income Tax: general enquiries
Thank you. -
RE: Gift from Abroad
Hi,
There are no Income Tax implications on the giving or receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax. Further guidance can be found here:
Tax on savings interest
Tax on dividends
You would not have any Inheritance Tax issues with this gift, as the individual is not UK resident.
Thank you.