HMRC Admin 18 Response
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RE: CGT - Purchase Of Shares Inside Isa but Sold Outside Of ISA
Hi, yes as they are still sold outwith the ISA account.
Thank you. -
RE: Sell of a foreign property without initial value
Hi, yes you would need to have a formal valuation to obtain a value at the time it was inherited.
Thank you. -
RE: Capital Gains on stocks and shares
Hi,
You would need to advise if your total disposals were 50k or more and CGT tax is due. If you have losses, you can write in to advise of these and give a calculatoin as to how they arose so that these losses can then be used at a later date.
Thank you. -
RE: Money taken from SIPP in drawdown
Hi,
You would declare TR3 box 11 and any tax deducted at box 12.
Thank you. -
RE: CAPITAL GAINS TAX IF I BUY ANOTHER HOME BEFORE SELLING MY CURRENT ONE (WITHIN 9 MONTHS)?
Hi,
Whether there is capital gains tax to pay will depend on the values in the calculation minus private residence relief. Please have a look at help sheet HS283
(HS283 Private Residence Relief (2024)). There is also a capital gains tax calcultor at: Capital Gains Tax, to help work out your gain. You can then move on to the next screen and register, report and pay any tax due, within 60 days of the completion date.
Thank you. -
Re: Childcare for working parents
Hi,
You will need to contact our Childcare Service helpline for assistance 0300 123 4097 Monday to Friday: 8am to 6pm.
Thank you. -
RE: Pension Overseas
Hi,
To discuss alternative ways to start claiming your pension, contact the Pension Service by phone or online, via:
Contact the Pension Service
For assistance accessing and using your online account, your can reach our online services via:
Technical support with HMRC online services
Thank you.
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RE: P85 "Date you left the UK" ?
Hi,
If there are any days that you expect to return to the UK, for any reason, from between the date you left the UK and the 5th of April 2025, you would enter the total number of these days in this box.
Thank you. -
RE: Transferring personal money to UK bank before residing in the UK
Hi,
You dont need to report the transfer of the capital but any interest earned is taxable income. for the salary, as this is for work carried out in Hong Kong, it is not taxable in the UK.
Thank you. -
RE: Influencer - Income Tax and BIK
Hi,
If you have received PR gifts as 'payment in kind' to promote them on your channels, then you must declare it on your self-assessment tax return. The tax is calculated as a percentage of the total value of the gift or benefit received. This percentage is determined by the UK government and is usually set at 10%.
Thank you.