HMRC Admin 20 Response

Hi Lucinda,
You record the income from property that you received from 01/11/2023 to 05/04/2024.  
Any expenses that occurred during the rental months can also be included as a deduction.  
To send a tax return into us online with an SA109 you will need to use third party software or you can send in a paper form with all of the necessary supplementary pages.
Guidance on income from property expenses cab be found here:
PIM2068 - Deductions: main types of expense: contents
Thank you.

Hi RE: Agataa,
This could be due to the annual uprating, you will need to contact the Helpline to check if this is the case.
Tax credits: general enquiries
Thank you.

Hi Lulu Farrow,
From the details that you’ve provided, it would appear that the letter that you’ve received from us is in response to your CF83 application form.  
It is possible to pay voluntary National Insurance contributions from the 2006-2007 tax year at the moment so I’m unsure why shortfalls have not been quoted to you.  
If you could call our National Insurance Helpline on 0300 200 3500 (from the UK) or +44 191 2037010 (from overseas) then they will be able to check your National Insurance account and advise you further.
Thank you.


 

Hi Chun Ming Kwan,
There is no allowance on foreign income, which means you meet the criteria for completing a self assessment tax return.  
Please have a look at the self assessment critereia tool at Check if you need to send a Self Assessment tax return.
Thank you.

Hi Angus Mitchell,
We cannot comment on scenarios.  
Private resident relief is avaialable to only one property at a time.  
If you buy a second property, you will need to write to H.M. Revenue and Customs Self Assessment BX9 1AS Stating the address of the property you wish to be your main residence.  
Private residence relief is the fraction that is the number of months a property was your main residence plus a further 9 months over the number of months you owned the property.
This fraction is applied to the gain and the value deducted from the gain.  
There is a calculator for capital gains at Tax when you sell property.  
Please also read the guidance on private residence relief at HS283 Private Residence Relief (2024)
Thank you.

Hi 
You cannot use any of the costs from the care home as an allowable deduction as these are not related to the sale of the property. 
The previous legal costs are allowable as the sale did not proceed.
Unless you have sold any assets previously you will not have any capital losses to use.
You cannot use the annual exemption from a previous year as it is only the exemption in the year of disposal that can be deducted.
You cannot use your husbands CGT allowance as he is not a named beneficiary.
Guidance on what is allowable is at Capital Gains Manual CG15250 - Expenditure: incidental costs of acquisition and disposal
Thank you.

Hi 
You are correct.
Thank you

Hi Ed,
Please have a look at Stocks and Shares ISA investments for ISA managers.
Thank you.

 

Hi nath43,
To review this you will need to contact HMRC to access your records https://www.gov.uk/government/organisations/hm-revenue-customs/contact/self-assessment
Thank you.

Hi sbbrk,
Guidance at (TSEM9150 - Ownership and income tax: legal background: ownership: legal and beneficial ownership - separation) explains the difference between legal ownership and beneficial ownership.  
If you become the legal owner of the business, but your mother remains the beneficial owner of the income from the business, then only your mother will be taxable on the properties income, in the country that the properties are located.  As your mother is not resident in the UK, she would not be taxable in the UK.
Thank you.