HMRC Admin 18 Response

Hi,

If you are a higher rate tax payer and your pension contributions are taken from net pay then yes you can claim the relief on your Self Assessment tax return. On the tailor your tax return

section online you would answer yes to the question- Did you make contributions towards a personal pension or retirement annuity? This will open the section to declare the pension

contribution made to receive the tax relief.

Thank you.

Hi,

This information would be shown on the P11d supplied by your employer. 

Thank you.

Hi,

No.  Self assessment will apply the annual exempt allowance as part of its calculation, you just need to declare everything else.

Thank you.
 

Hi,

Possibly.  Please have a look at helpsheet HS281 Capital Gains Tax civil partners and spouses (2024)

You may need to look at the helpsheet for an earlier year, as the rules changed on 6 April 2023.  If this property was your main residence for a period of time, you also have private residence

relief to set against any gain:

HS283 Private Residence Relief (2024)

Thank you.

Hi,

No.  If the foreign income is taxable in the UK, then it is the full amount for foreign income you declare, along with any foreign tax that had to be paid on that income.

Thank you.

Hi,

You are correct.  If your combine UK bank / building soceity interest, NS&I interest exceeds £10,000, then you are still required to complete a self assessment tax return.  You can also check

whether you still need a tax return at:

Check if you need to send a Self Assessment tax return

If a tax return is not appropriate, but we are expecting one from you, you should contact our self assesment helpline on 0300 200 3310 or contact our webchat facility at:

Contact HMRC

and confirm a tax return is not required.

Thank you.

Hi,

Please have a look at the guidance at:

Residence, Domicile and Remittance Basis Manual

on the characteristics of a home for SRT purposes.  It will be up to you to determine if the property would qualify as a home.

Thank you.

Hi,

If you want to carry the losses forward and set them against a future tax year, you will need to amend your tax return for 2022 to 2023, before 31 January 2025 to declare the losses and submit

supporting evidence.  After this date you will have to submit a claim in writing, including supporting evidence up to 5 April 2027.  In your 2023 to 2024 tax return you would apply the losses

carried forward, setting them against your gain.

Thank you.

 

Hi,

Have a look at the guidance at https://www.gov.uk/tax-sell-shares.  As a UK resident, should you dispose of foreign shares and make a gain, you may be liable to UK capital gains tax on the

share disposal.  This is declared in a self assessment tax return.  Any losses arising from the disposal of UK shares, can be set against any gains arising on the disposal of foreign shares.

Thank you.

Hi,

If you are not UK resident and you dispose of non UK assets, there is no UK capital gains arising.  There is nothing to prevent you from transferring the disposal proceeds to the UK, as it is

capital.  Any UK interest arising on the transfer is taxable and should be declared.

Thank you.