HMRC Admin 18 Response
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Re: Profit from Indian Mutual funds
Hi,
Capital gains are declared on SA108 and also on SA106, foreign tax was paid and you want to claim a foreign tax credit. With the online tax return, you select the capital gains option and the foreign option when tailoring your tax return.
Thank you. -
Re: Non-Domicile
Hi,
If you are resident in the UK and not domiciled, then you can elect to claim the remittance basis. This needs to be done via a self assessment tax return, where you will declare the amount of unremitted income (box 34 of SA109) and capital gains (box 35 of SA109). You will also need to provide a breakdown of the unremitted income and capital gains (box 40 of SA109). You cannot use the online HMRC tax return to claim the remittance basis, although you can purchase commercial software to allow an online submission, using your government gateway user ID and password. As long as you do not remit the income or capital gains in a future tax year, it will not be taxed. Have a look at the guidance on the remittance basis at section 9 of RDR1:
Residence, domicile and the remittance basis: RDR1
Thank you. -
Re: property in my name split rent to my wife
Hi,
You are able to split the rental income between husband and wife in any proportion. You must completed form 17 decaration of how you wish the rental income to be split and a signed
Deed of Trust.
Thank you. -
Late filing penalty
Hi,
We are unable to review personal matters in this forum. For an answer to a personal question of this nature, you would need to contact our self assesment helpline at:
Self Assessment: general enquiries or contact our webchat facility at:
Contact HMRC
Thank you. -
Re: CGT liability if sharesave scheme not directly transferred to ISA but within 90 days
Hi,
As long as the shares are put into the ISA account on the same date of transfer (the date you receive them/they vest) then it can be in the HSBC nominee account first -
Individual Savings Accounts (ISAs)
Thank you.
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Re: UK Inheritance tax on beneficiary (for assets based in India)
Hi,
For advice on this matter, you will need to contact the Inheritance Tax team:
Inheritance Tax: general enquiries
Thank you. -
Re: Agricultural Relief - Farm Business Tenancy and Turf
Hi,
This Forum does not deal with Inheritance Tax. Please contact Inheritance Tax team. See link below:
Inheritance Tax: general enquiries
Please take this matter with them.
Thank you.
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Re: Inheritance tax in Divorce/Separation
Hi,
For advice on this matter, you will need to contact the Inheritance Tax team:
Inheritance Tax: general enquiries
Thank you.
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Re: Stamp Duty in Divorce/Separation
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Re:Income from property as part of Free Childcare Hours