HMRC Admin 20 Response
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RE: Tax on re-invested dividends - Company long term incentive plan
Hi Jinster768,
That is correct.
Thank you. -
RE: Higher Rate Tax Relief On Pension Contributions
Hi DorotheeP,
It is your payment plus the basic rate tax relief already applied. in your example it would be £12500.
Thank you. -
RE: SA800 online Gateway ID question
Hi seannypoos,
As you are using 3rd party software you will need to check with the supplier.
Thank you. -
RE: Rental income from Hong Kong Property
Hi Mor Sai,
That is correct.
Thank you. -
RE: Money transfer
Hi Andy Page,
There are no income tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax.
Further guidance can be found here (Tax on savings interest and Tax on dividends).
Thank you. -
RE: Pension payments for FHL income
Hi Deebs,
I can advise you that any income genertated from a FHL property will count as 'relevant earnings' for the purpose of private pension contributions.
If you wish to claim the higher rate tax relief of 40% (if applicable) then you would only need to enter the details on the SA100 part of the tax return.
Thank you. -
RE: CGT on foreign property gifting
Hi A K,
As you are completing a tax return for other reasons, you will need to declare the disposal, if the disposal value exceeded £49200.
If you have a loss, you will need to declare it in your self assessment tax return and elect to carry it forward.
Thank you. -
RE: Pension annual allowance Carry forward Notification to HMRC
Hi prssvel,
this should be sent to
HMRC PAYE & Self Assessment
BX9 1AS
Thank you. -
RE: Amending an electronic self assessment return
Hi LostinGuernsey,
You will now need to send the amendment in writing stating the relevant boxes and figures.
Send this to
HMRC PAYE & Self Assessment
BX9 1AS
Thank you. -
RE: claiming missing basic tax relief on pension contribution made in recent years
Hi olivier bluche,
No.
You will need to submit a separate claim in writing giving details of the payments made in earlier years.
This should be sent to
HMRC PAYE & Self Assessment
BX9 1AS
Thank you.