HMRC Admin 18 Response

Hi,

The unearned income will be added to her other sources of income in the tax year and the tax year has ended, her liability calculated.  If any tax is overpaid, then it will be refunded.

Thank you.
 

Hi,

HMRC cannot comment on future events as legislation and or plans may change. For current guidance please refer to:

Transferring your pension

Thank you.

 

Hi,

No as it is you who has made the reinvestment at your choice.

Thank you.

Hi,

As it is your main residence there will be no capital gains. However, if you were to pass away within 7 years then the house will form part of your estate for inheritance tax purposes.

Thank you.

Hi,

If it is the company that is automatically reinvesting them, then no you don't declare them.

Thank you.

Hi,

The tax legislation for S222 (5A) can be found at:

Taxation of Chargeable Gains Act 1992

We cannot comment on scenarios.

Thank you.

 

Hi,

Sorry for the long delay in replying to your query.

I referred your query to our payments expert, and this was their response.

The payment frequency is reviewed after the end of every quarter in August, November, February and May, and will be automatically updated if a change to the frequency is required. Where the amount payable is below £1,500 a month, the requirement would be to pay quarterly. If the amount payable is £1,500 or more, the requirement would change to monthly.  
 
At this time, whilst the customer can choose to pay monthly, if the amount payable does meet the threshold noted above, there is no facility for the customer to change from quarterly to monthly, and enable the direct debit to collect the amount due each month. However, your feedback will be noted and the option to allow an employer to change the payment frequency from quarterly to monthly may be considered as a future improvement to our processes.  

Thank you.

Hi,

Please contact the Stamp Duty Land Tax team for advice:

Stamp Duty Land Tax

Thank you.

Hi,

Please contact the Child Benefit Office for advice:

Child Benefit: general enquiries

Thank you.

Hi,

Please contact the Inheritance Tax team for advice:

Inheritance Tax: general enquiries

Thank you.