HMRC Admin 20 Response
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RE: 0% VAT on conversion to dwelling
Hi,
If the conditions are met to convert a non residential property in to a residential property then the liability would be 5%
Please see the guidance below:
Buildings and construction (VAT Notice 708) 7. Reduced rating the conversion of premises to a different residential use
There is also a scheme to recover the 5% VAT charged by builders if you intend to live in the property.
Please see below:
VAT refunds for conversions if you’re a DIY housebuilder
Thank you. -
RE: UK VAT Return Help
Hi,
Can you confirm if you are providing goods or services to the Business in Germany and also confirm where your business belongs for VAT purposes
VAT guide (VAT Notice 700) 11. Input tax when VAT paid on goods and services received before VAT registration
Thank you. -
RE: Can I register for and claim VAT back on business purchases even if I'm not selling (yet?)
Hi,
If your business was already incorporated and you received invoices for purchases then the invoices should have been in the name of the business which is now registering for VAT.
If the invoices were received prior to the business incorporating then we can accept that the invoice would be made out to a person who later becomes a director or an employee of the business.
Thank you. -
RE: VAT Rate for Domestic Heat Pumps installed with BUS, GHGS, & D-RHI funding
Hi,
Yes that would be correct.
Thank you. -
RE: Property Management / Legal fees
Hi,
From the information provided, I would advise that as the new heating system would be considered an improvement to the property and would contribute to a higher valuation of the property that this would be classed as a capital expense, so not allowable against rental income as per PIM2030 here: PIM2030 - Deductions: repairs: is it capital?.
In relation to legal costs, if they are incurred wholly and exclusively for business purposes, then these would be allowable as per PIM2120 here:
PIM2120 - Deductions: main types of expense: legal and professional costs
Thank you. -
RE: TR1 - declaration of trust section - validity & time limit?
Hi,
As per your query, you would need to complete and submit a valid Form 17 Declaration of beneficial interests form within 60 days of completion.
The relevant split in interests would then take effect from the date of declaration and cannot be back-dated prior to the declaration being made as per TSEM9860 here: TSEM9860 - Property held jointly by married couples or civil partners: Form 17 rule - when declaration takes effect: normal case.
Thank you.
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RE: Can students get a Certiicate of Residence?
Hi,
Your wife will require a Letter Of Confirmation of Residence (LOCR) for the Greek tax authorities, usually specifying a from and to date.
You cannot claim for a date in the future.
You can make a request online at How to apply for a certificate of residence to claim tax relief abroad.
If you are required to have the document legalised (apostille) have a look at the guidance at Get your document legalised.
Thank you. -
RE: Inherited a Traditional IRA - Tax implications?
Hi nmcvey McVey,
We can only provide general information / guidance in this forum.
For an answer to a detailed question of this nature, you would need to contact our self assesment helpline on 0300 200 3310 or seek professional advice.
Thank you. -
RE: Capital Gains Tax - PAYE
Hi,
You either report losses on a self assessment tax return or in writing to HM Revenue and Customs PAYE and Self Assessment BX9 1AS.
In both cases you need to provide supporting evidence, such as a calculation to show how the losses arise.
Losses can be carried forward indefinitely but should be used the next time you have a capital gain.
The losses should be applied before the annual exempt allowance is deducted.
Thank you. -
RE: Letter of Residence (tax-free UK PhD studentship)
Hi,
Yes you can still apply.
Thank you.
