HMRC Admin 18 Response
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RE: RE: Accessing previous years tax returns (self assessment)
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RE: Under payment of tax
Hi,
I would rececommend that you contact our helpine so we can review the information we hold and check that your tax code is correct, see link:
Income Tax: general enquiries
Thank you. -
RE: Tax liability on inheritance of property - tenants in common
Hi,
Inheritance Tax Inheritance tax is a tax on the estate (property / money / possessions) of someone who has died.
There is normally no inheritance tax to pay if the value of the estate is below the threshold of £325,000.
Inheritance tax is only due when a person's estate is worth over £325,000 when they die, or if the person who died gave away more than £325,000 in gifts in the 7 years before they died.
Gifts made in the last 7 years before someone dies, use up the £325,000 tax free allowance first, but if the gifts received are less than the £325,000 inheritance tax free allowance, any unused
threshold can then be used by the person who has died's estate.
You can find out more information here:
Work out Inheritance Tax due on gifts
Thank you. -
RE: Blind Person's Allowance
Hi,
Blind Person's Allowance is applied in addition to your yearly Personal Allowance, you can find more information here:
Blind Person's Allowance
The amount of tax paid is dependant on individual, personal circumstances, if you would like to check your tax code or an explanation of the tax you are paying please contact us by webchat
or phone so we can review the information we hold, see link:
Income Tax: general enquiries
Thank you. -
RE: Marriage Allowance Reclaim?
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RE: Paying child Benefit charge
Hi,
Please contact us either via webchat or by phone, see link:
Child Benefit: general enquiries
Thank you. -
RE: Cgt on inherited house
Hi,
You need to pay Capital Gains Tax when you sell (or 'dispose of) an asset if your total taxable gains are above your annual Capital Gains Tax allowance. So as you are acting as the purchaser
you will not be liable for CGT at this time. However your daughter might be. You can find out more information here:
Capital Gains Tax
You may also wish to speak to Inheritance Tax regarding any inheritance tax implications:
Inheritance Tax: general enquiries
Thank you. -
RE: What happens after submitting SA303?
Hi,
You are able to amend a tax return after you have filed it - you can find out more information on how to do this here:
Self Assessment tax returns
Thank you. -
RE: CGT when buying siblings share of inherited property
Hi Mike,
You need to pay Capital Gains Tax when you sell (or 'dispose of) an asset if your total taxable gains are above your annual Capital Gains Tax allowance. So as you are buying the property you
will not be liable for CGT. However your siblings might be. You can find out more information here:
Capital Gains Tax
Thank you.
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RE: Do i need to register for self assessment or tell HMRC I am no longer self employed
Hi,
You can check if you need to send a Self Assessment tax return here:
Check if you need to send a Self Assessment tax return
Thank you.