HMRC Admin 20 Response
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RE: Loss on foreign non-reporting fund held overseas- Impact of Foreign Loss election
Hi,
If you are now outside the 4 year period to claim/use them, then no.
Thank you. -
RE: Self Assessment refund and contacting HMRC
Hi,
I'm sorry for the issues you've experienced in trying to progress your repayment claim.
If you haven't received it 10 working days after claiming, it's most likely that your repayment is undergoing some additional
security checks - these can take up to 6 weeks to process.
To allow us to check on the progress of your repayment, contact us by webchat via Self Assessment: general enquiries
Thank you. -
RE: CGT due on SAYE scheme
Hi,
Please refer to HS287 Capital Gains Tax and employee share schemes (2024) Employee share and security schemes and Capital Gains Tax
Thank you. -
RE: Capital gains tax when property owned 99% wife / 1% husband
Hi,
You both still apply £3000 as this exemption is per individual.
Thank you. -
RE: Changing Address for Personal/Business Accounts by Post
Hi,
If you include your name, new address with the date you moved, National Insurance number and Unique Tax Reference in the letter.
You only need to submit one letter.
The address to send it to is
HMRC, Self Assessment & PAYE,
BX9 1AS
UK
Thank you. -
RE: Qualifying period for FHL & CGT reliefs before April 6th 2025?
Hi,
FHL income is declared in the property section (SA105 - Self Assessment: UK property (SA105) EnglishCymraeg).
If you disposed of the property, for more than you acquired it for, there is a gain.
This is declared in the capital gains section (SA108 - Self Assessment: Capital gains summary (SA108)).
You should look at the guidance on business asset disposal relief, to confirm if this applies.
More information can be found in the capital gains summary notes and at CG364045 (CG64045 - Business Asset Disposal Relief: disposal of assets after cessation of business).
Thank you. -
RE: Self assessment BNO self employed in Hong Kong
Hi,
Please refer to Residence, remittance basis etc notes on how to complete the SA109.
You need t ocomplete the SA103 for self employment and we cannot confirm the tax position until the return is processed.
Thank you. -
RE: Interest on Early Personal Tax Payments
Hi,
If any supplement is due on a payment this will be calculated when the payment is allocated.
If no balance due then the payment will show as a credit on your account.
You would need to decide for yourself when you make the payment but normally you would receive better interest rates at your bank.
Thank you. -
RE: Self Assessment Forms
Hi,
You also need to complete SA109 residence page and cannot do this online using HMRC software. you will need to purchase 3rd party if you want to file online -
Self Assessment commercial software suppliers
Thank you. -
RE: How to enter self employed payment tax deductions in a self assessment tax return?
Hi,
You should submit under self employment.
There is a box in the self employment section of SA104F of the full self employment suplementary page SA104.
On page SEF5, box 82 "Other tax taken off trading income" you would enter the tax deducted on your behalf, so that this sum can be factored into your tax calculation.
SA103F Self-employment (full) 2024.
If completing your tax return online, you will need to tick the option to state your income was over £85000, so that the full self employment version is available, which is
where you will find the tax box.
Thank you.