HMRC Admin 20 Response

Hi Suma Rao,
No you can claim the interest on the mortgage that is on property A as a deduction but not the whole interest.
You can claim the lower of 20% of finance costs not deducted from income, that includes the mortgage interest on property A, the profits of the property
business or the adjusted total income.
Thank you.

 

Hi rentaroom77,
Unfortunately no it can only be split in half  PIM4010 - Rent-a-room: exemption limits gives an example where two or more individuals are claiming rent a room.
This splits the allowance £7500 so that each of them claim £3750.
This is regardless of the number of individuals claiming it. 
Thank you.

 

Hi HFH Hashim,
You and your husband should send a valid declaration of trust or deed of trust to HMRC.
This should be signed by both parties showing the split of beneficial ownership.
I have attached a link for you to read. TSEM9170 - Ownership and income tax: legal background: ownership income follows property - variation  
Thank you.

 

Hi qzhao24,
A form 17 is an election where property is held jointlly by a husband and wife where a 50/50 split is not apprpriate because other factors mean this is not accurate and the property is in fact owned in unequal proportions and should be based on the individual facts.  
A form 17 also cannot be backdated.
Please see our trust manual regarding this  TSEM9842 - Property held jointly by married couples or civil partners: Form 17 rule  
So if the property is jointly owned then the default position is a 50/50 automatic split.
However this would not appear to be the case here if the mortgage is not in joint names but we do not know the full circumatances so cannot comment further regarding this.
As the property is based in the US we also cannot advise further regarding the possible transfer of the asset as that could be impacted on by US tax legislation.
Thank you.

 

Hi Jonathon,
Please have a look at the list of approved offshore reporting funds.  Approved offshore reporting funds
Thank you.

Hi Robin Boniwell,
If you’d like to pay voluntary National Insurance contributions whilst overseas, please read our leaflet NI38 ‘Social Security Abroad’ and then complete and return our CF83 application form.  
Both the NI38 and CF83 are available via:  Social Security abroad: NI38
If you’d like to contact us, our Helpline telephone number from overseas is +44 191 2037010 or our postal address is:  
HM Revenue & Customs,
PT Operations North East England,
BX9 1AN,
United Kingdom. 
Thank you.
 

Hi stark316 stark,
To pay voluntary National Insurance contributions whilst overseas please read our leaflet Social Security abroad: NI38 and then if you do wish to pay them then complete and return the CF83 application form.  The NI38 & CF83 application form are available via the above link.
By completing the CF83 application form we will also be able to update your National Insurance account with your name change.
I hope that this is OK.
Thank you.

Hi Craigpl,
For each week that you are in receipt of Job Seekers Allowance a person would receive a credit to maintain their National Insurance account for the State Pension.  
If you feel that some credits are missing from your National Insurance account, please contact the Benefits Office where you made your claim and they will be able to check to see if you’ve received the correct number and if not submit further credits to your account.
Thank you.

Hi dfmaris98 Dan Posteuca,
If you requested the U1 via online, then it should now be processed and on it’s way to you.  
If you do not receive it within the next couple of weeks then please call our National Insurance Helpline on 0300 200 3500 (from the UK) or +44 191 2037010 (from overseas) and they will arrange for a copy to be sent to you.
If you requested the U1 via post, then it may take about 44 weeks from the date that we received your request for our International Team to process it.  They are currently dealing with queries received in February 2023 at the moment.
Thank you.

Hi Busybee101,
It would appear that we’ve allocated a payment of voluntary National Insurance contributions to you incorrectly.
If you could give our National Insurance Helpline a call on 0300 200 3500 (from the UK) or +44 191 2037010 (from overseas), they will be able to correct the allocations.  
Sorry for any inconvenience caused.
Thank you.