HMRC Admin 20 Response
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RE: How do I declare that a property that I don't own is my main residence?
Hi,
Please make your declaration in writing to
H.M. Revenue and Customs
Pay As You Earn
BX9 1AS,
confirming the address of the property that is your main residence and the date this takes effect from.
Thank you. -
RE: Reporting CGT on Overseas Property sale
Hi john,
Yes you still need to declare it in the UK.
You can claim foreign tax credit relief to set against the UK tax that is due on the same source.
If Spanish tax is higher, you would then need to claim the excess back from them.
Thank you. -
RE: Deductible Items from calculating the capital gain
Hi WobagUK,
The solicitor costs of acquisition are allowable but you cannot claim for the entry or the clearance of the property.
Thank you. -
RE: IHT allowance for non domicile and non resident spouse
Hi,
We can only provide general information / guidance in this forum.
For an answer to a question of this nature, you would need to contact our inheritance tax helpline on 0300 123 1072 or write to
Inheritance Tax
HM Revenue and Customs
BX9 1HT
United Kingdom.
Please have a look at guidance at:- Inheritance Tax: detailed information and Inheritance Tax Manual
Thank you. -
RE: Mutual Trading status
Hi,
The company needs to put these queries in writing to our adress which is :
Corporation Tax Services,
HM Revenue & Customs,
BX9 1AX,
United Kingdom.
The company needs to provide the Articles of Association and request to be exempt from Corporation Tax.
Thank you. -
RE: pension on closure
Hi,
HMRC cannot provide advice on tax planning.
You will need to seek professional advice.
Thank you. -
RE: Property management Limited company, is it classed as dormant for Companies House and CT?
Hi Carol,
Please consider the guidance at Set up and run a flat management company.
If after this, you wish to be considered dormant, please write in to CT services:
Corporation Tax Services
HM Revenue and Customs
BX9 1AX
United Kingdom
Thank you. -
RE: Max Amount I can earn from 2nd job
Hi,
To correctly advise you here, we would need to review your record.
Contact us by webchat or phone via Income Tax: general enquiries
Thank you. -
RE: Can Foreign capital gains be offset against foreign capital losses.
Hi,
Please have a look at CG25330A (CG25330A - Remittance basis: election for foreign losses to be allowable: TCGA92/S16ZA) which states that you must make an election in the first year you claim the remittance basis & in which you are not domiciled in the UK for foreign losses to be allowable.
CG25330A clearly advises that the effect of S16ZA is to prevent foreign losses being allowable unless an election is made (you become allowable under S16 TCGA92).
It also advises the time limits under S42/43 TMA70 for making a claim.
Thank you. -
RE: Question about Double Taxation Agreement
Hi,
You need to declare the full amount of income received from Hong Kong and then claim foreign tax credit relief for the tax paid abroad -
Tax on foreign income
Thank you.