HMRC Admin 20 Response

Hi Simon,
Details of what to include cam be found at:-  Personal Allowances: adjusted net income
Thank you.

Hi,
ETFs are treated the same way as traditional investments for tax purposes, which means you may need to pay capital gains tax if you earn a profit.
Any gain should be declared on the SA108.
When you invest in an ETF, you may receive dividends if companies within the fund pay them.
Dividend payments vary in frequency and amount, depending on the specific strategy of the fund and the stocks within it.
Dividends received from ETFs are considered taxable income.
The tax you pay depends on the dividend amount and your personal circumstances.
Dividends should be reported under UK or foreign dividends
Thank you.

Hi,
Please refer to HS285 Share reorganisations, company takeovers and Capital Gains Tax (2024)
Thank you.

Hi,
For the balance to be included in the tax code the balance due needs to be less than £3000.
For 2021/22 it is now too late to include the balance in the code.
For 2022/23 to collect the underpayment through your code we must get your online return by 30 December 2023 and we must capture the return on or before 31 December 2023. 
Thank you.

Hi,
Any excess reported income which arose to you during the period in which you owned the shares/units can be deducted when calculating your capital gain.
This ensures you are not subject to double tax on the excess reported income.
Thank you.

Hi,
As the title is in your married name, you will use that.
Thank you.

Hi,
You will be due this for the period you lived in the property as well as the final 9 months of ownership - HS283 Private Residence Relief (2024)
Thank you.

Hi fido1504,
You would need to submit a declarion of trust to the bank and HMRC to show that you are the beneficial owner of 100% of the income generated from the account.
Thank you.

 

Hi Jules1234,
On the main tax return SA100 TR4 box 2.
Thank you.

Hi,
Please refer to RDR3 Statutory Residence Test
Thank you.