HMRC Admin 20 Response

Hi,
It is not possible to check individual tax records through this forum, if you have a question which relates to your personal tax situation or tax code 
please contact  Income Tax: general enquiries
Thank you.

Hi suman,
Please see the following guidance and tool to Check if you need to send a Self Assessment tax return
Thank you.

 

Hi Philip Hitchinson,
Please have a look at the guidance at EIM76009 - Social security benefits: taxable foreign benefits which advises that a taxable foreign benefit is any benefit that is payable under the law of a country or territory outside the United Kingdom that is substantially similar in character to a benefit listed in EIM76101.  
EIM76101 - Social security benefits: list of taxable social security benefits.  
You will need to review the guidance to determine if your Genearal Organization for Social Insurance (GOSI) benefit is taxable in the UK.
Thank you.

Hi Choto San,
No.  
Provided you are only recouping your outlay to the landlord, from the other tennants.  
If you make a profit out of this arrangement, then you may be liable to income tax as property rental income.
Thank you.

 

Hi Antoinette Le Peuple,
Registering for the contruction industry shceme is optional for sub contractors.  
If you do not the contractor is obliged to deduct 30% tax from any invoices, whereas if you are registered for CIS, they only deduct 20%.  
Have a look at the guidance at Construction Industry Scheme (CIS), to see if your work is covered by the CIS scheme.
Thank you.

 

Hi chris,
This charge would be included in 24/25 tax year as it is the tax year the charge relates to and your property rental business will have ceased in 24/25.
Thank you.

Hi tartan,
Shares are an asset and gifting assets may result in a capital gain arising and possibly affect your estate for inheritance tax purposes.  
Please have a look a the guidance on capital gains at Capital Gains Tax: what you pay it on, rates and allowances
and inheritance tax at How Inheritance Tax works: thresholds, rules and allowances.
Thank you.
 

Hi Mohamed Naved,
Please have a look at the guidance at CG78300 onwards CG78300 - Foreign currency: introduction as there could be a capital gain or an allowable loss,
when converting the capital sent to India, back into pounds sterling.
Thank you.

Hi tax_geek_34,
We can only provide general information / guidance in this forum.  
For an answer to your question, you would need to contact our self assesment helpline on 0300 200 3310 or seek professional advice.
Thank you.

Hi DC,
Yes, you should enter the total of the loss from both current and last year into the 'Total loss to carry forward after all other set-offs including unused losses brought forward'.
Thank you.