HMRC Admin 20 Response
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RE: Tax return issue with HMRC cheque & bank
Hi Chris Jon,
Contact us by webchat or phone via Self Assessment: general enquiries- we can organise to have any cheques that you weren't able to deposit be reissued.
Thank you. -
RE: Questions about split year application
Hi G,
If you qualify for split year then you only report any foreign income for the UK part of the year RDRM12000 - Residence: The SRT: Split year treatment.
If you do not qualify then you will need to report all your foreign income to the UK Tax on foreign income.
The guidance at RDRM12150 - Residence: The SRT: Split year treatment: Case 4: Starting to have a home in the UK only will help you work out if split year treatment applies.
You can notify HMRC that you have left by completing a form P85 and this will also determine if self assessment is still required - Tax if you leave the UK to live abroad.
Thank you.
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RE: Double taxation tax relief (DT Individual Forms)
Hi Plotte,
HMRC do not issue acknowledgements and it will only be notified when the post item is processed. you can chase this up by telephoning +44 13 5535 9022.
Thank you. -
RE: 25% Tax free withdrawal from pension pot
Hi Damon Crawshaw,
Please refer to Pensions Tax Manual PTM063220 - Member benefits: lump sums: Pension commencement lump sum (PCLS): conditions and entitlement
Thank you. -
RE: I didn't receive the tax refund cheque
Hi Chika Uchendu,
Please contact us by webchat or phone via Income Tax: general enquiries - we can then update your address, and organise to have any cheques that haven't been received to be reissued.
Thank you. -
RE: Tax free withdrawal from both a defined benefit and defined contribution pension
Hi Damon Crawshaw,
please refer to Pensions Tax Manual PTM063220 - Member benefits: lump sums: Pension commencement lump sum (PCLS): conditions and entitlement
Thank you. -
RE: Reporting savings interest
Hi Pc1717,
You need to report all taxable income on your tax return and the appropriate rate bands and reliefs will be applied automatically.
Thank you. -
RE: lifetime ISA& help to buy ISA for reassignment contract
Hi congliu.uk,
Please see the guidance at Lifetime ISA. It does not specify market values or sale prices.
As long as the cost to you is below £450000, you meet that part of the criteria.
The other criteria are you buy the property at least 12 months after you make your first payment into the Lifetime ISA, you use a conveyancer or solicitor to act for you in the purchase - the ISA provider will pay the funds directly to them and you’re buying with a mortgage.
Thank you. -
RE: CGT on joint owned property
Hi Harvey Greener,
As jointly owned, yes you both need to declare a gain.
Please note, you cannot deduct the mortgage outstanding as an expense.
You will need to get an official valauation from 2015, this can be done via an estate agent.
Tax on the gain is due at 18% or 28% depending on your other taxable income.
Thank you. -
RE: Second income - how do I calculate the tax
Hi Xelos,
Please refer to Employment Status Manual ESM4151 - Particular occupations: examiners - status to see if you fall under a self employed category in order to be allowed to claim this.
Thank you.