HMRC Admin 20 Response

Hi ejc7691,
HMRC does not impose limits on the level of contributions that members can pay into registered pension schemes, but there are limits to the tax relief available.  
If you withdraw a lumpsum from your pension pot, the annual allowance for payments into the pension scheme will be reduced to £10000 for future tax years.  
Anthing you pay into your pension scheme in excess of the annual allowance, then needs to be declared in a self assessment tax return (box 10 of page Ai3 of SA101).  
(Additional information Tax year 6 April 2023 to 5 April 2024 (2023–24)).  
This excess figure is added to your taxable UK income and your tax liability calculated.  
If you do not qualify for the annual allowance, then the whole amount paid into the pension schemed should be declared and taxed accordingly.
Thank you.

Hi,
You would have to report any income from the property in the tax year that you disposed of the property.  
As you made a loss on the disposal, you will need to record the disposal in the capital gains section of your your tax return.  
This will show the loss and allow you to carry the loss forward to set against a future gain or set against other capital gains in the same tax year.
Thank you.

Hi,
The date of disposal for CGT purposes is the date on which a contract becomes unconditional.  
Please have a look at the guidance at Capital Gains Manual CG12301 - Options: put option or call option onwards.
Thank you.

Hi wilsonchuys CHU,
To receive a UTR, you would need to register for Self Assessment.
You can do so here - Check how to register for Self Assessment - or contact us by webchat or phone via Self Assessment: general enquiries
Thank you.

 

Hi,
You will need to request a certificate of residence at How to apply for a certificate of residence to claim tax relief abroad, declaring the dividends and amount received in pounds sterling.  
You cannot include a future date.  
You can submit this to the IRS along with their repayment claim forms, to claim back any overpaid tax.  
You will need to declare the foreign dividends and tax paid in SA106 and claim up to 15% foreign tax credit relief.
Thank you.

Hi,
Please have a look at the exhaustive list at CG15250 (Capital Gains Manual CG15250 - Expenditure: incidental costs of acquisition and disposal).
Thank you.

Hi,
Yes.  
You can then work out your gain, to report under the remittance basis in box 35 and 40 of SA109, page RR3 (Resideence, remittance basis etc (2024)).
Thank you.

Hi,
You can only open an ISA, if you are a UK tax resident in that tax year and you can only pay into ISA's up to the end of the tax year in which you left the UK.  
You cannot backdate this in any way.
As you left the UK in Sept 2019, your foreign income from then til now is not taxable in the UK and you do not declare it in the UK.
You can complete form P85 (Get your Income Tax right if you're leaving the UK (P85)) to confirm that you are no longer resident in the UK.  
You will need to seek advice from your broker, regarding your account with them.  
You will also need to check whether there is a tax treaty with your country of residence and check the article relating to capital gains. (Tax treaties) as you
may have to pay capital gains tax in the UK.
Thank you.

Hi,
Please have a look at the guidance at Capital Gains Manual CG15250 - Expenditure: incidental costs of acquisition and disposal, which provides the limited list of incidental costs of acquisition and disposal.
Thank you.

Hi,
If the previous years' transfer of allowances have been applied retrospectively but you haven't seen any overpayment generated, it could be that you weren't entitled
to receive the transfer - you may wish to check the marriage allowance eligibility criteria here Marriage Allowance.
You can also try resubmitting the returns for each year, as any transfer made should be automatically applied when the Self Assessment system generates your calculation for each year.
If you are entitled to the transfer and still don't see it reflected in your calculation, contact us by webchat or phone via Self Assessment: general enquiries , and we can advise you further.
Thank you.