HMRC Admin 20 Response

Hi,
You will need to contact the IHT helpline for this on 0300 123 1072.
Thank you.

Hi,
Yes.
You would need to discuss the transfer with the pension company.
Thank you.

Hi marlena_r101010,
Please refer to Report and pay your Capital Gains Tax
Thank you.

 

Hi,
That is a personal choice but no tax relief would be given on these cash payments.
We cannot comment on future events as legislation and/or plans may change.
Thank you.

Hi, 
HMRC cannot comment on future events as legislation and/or plans may change.
Thank you.

Hi mm29,
If the error occurred in a previous tax year you should not do anything.
You should not attempt to correct the situation.
HMRC will write to you after the end of the tax year in question if appropriate.
Thank you.

Hi,
Please send an email to the following address with details of your client - Certificates of Compliance, Mailbox (Corporate Finance) <certificatesofcompliancemailbox@hmrc.gov.uk>
Thank you.

Hi,
This is tax planning advice and you should seek profesional advice regarding this. 
Thank you.

Hi,
Yes, a UK Limited company can buy a residential property, and the director can live in it.
You state that while this is not an investment company, it is providing services, though you don’t mention what these are, or the extent.
In general, any rental income received or due must be included in the Company Tax Return. 
The company might be able to claim tax relief on certain expenses related to the upkeep or maintenance of the property, but these need to be directly related to business purposes.
If the  property is for personal use by a director, allowable deductions will be limited.
No capital allowances (AIA) are available for the property purchase or major improvements.
The director will have to pay income tax on the benefit of living in the property, and the company will pay National Insurance.
Consideration should be given to Stamp Duty Land Tax which is charged at a higher rate when a company purchases residential property.
This rate increases if it is a High-Value Property.
A further consideration is Annual Tax on Enveloped Dwellings (ATED), which  is a tax on residential properties worth more than £500,000 owned by companies.
Thank you.

Hi,
As you are classed as joint owners it should be split 50/50.
You can request to have an alrernative beneficial split to show that all of it is liable against you see -
Declare beneficial interests in joint property and income
Thank you.