HMRC Admin 20 Response

Hi JustCheck,
HMRC cannot comment on specifics on this form and you will need to contact us direct on 0300 200 3310 or via webchatc.
Thank you
 

Hi Dave,
TAAR (Targeted anti-avoidance rule) guidance is given in the Company Taxation Manual
CTM36305 - Particular topics: company winding up TAAR: targeted anti-avoidance rule (TAAR)
and
CTM07905 - Corporation tax: targeted anti-avoidance rule: summary
and  
CTM36320 - Particular topics: company winding up TAAR: condition C: introduction
CTM36325 - Particular topics: company winding up TAAR: condition C: ‘similar to’
and
CTM36335 - Particular topics: company winding up TAAR: condition C: ‘connected with
provides details. as you are referring to company tax you should refer to the corporation tax forum for further queries.
Thank you.

Hi Ashwan99,
Yes there would be a capital gain and as it is a foreign property you can use the real time system to report - Report and pay your Capital Gains Tax
However, if the 'sale' was in the 22/23 tax year, this now needs to be done in a tax return.
Thank you.

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

Hi Strats26,
Please refer to guidance at HS227 Losses (2023)
Thank you.

Hi o101,
You can use the UDS valuations in the bankruptcy proceedings as your 'diposal' price to generate a loss.
Thank you.

Hi X0unicorn0X,
It depends on your nationality and residence as to whether personal allowances are due - Tax on your UK income if you live abroad
Thank you.

 

Hi LDT,
As a non resident landlord, tax returns are needed each year and the 21/22 is now late whether submitted online or by paper and a late filing penalty
will be applied, the standard charge is £100.
Thank you.

 

Hi justanothertaxpayer,
Due to your level of income you are not due full personal allowances -  Income Tax rates and Personal Allowances Income over £100,000.
As you state your tax code was 1257L, you have had the benefit of full allowances in error.
Thank you.

 

Hi RSU_FTC_questions,
Please have a look at the guidance on relief for foreign tax paid, which will help you work out the relief due.
 Relief for foreign tax paid (Self Assessment helpsheet HS263)
Thank you.