HMRC Admin 20 Response
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RE:Reporting of CFC Low Profits Exemption on Self Assessment Return
Hi curious4tax,
As this is for corporation tax, you would not include it on your personal return and it would be the corporation tax for the comany -
INTM225550 - Controlled Foreign Companies: Entity Exemptions: Chapter 12 - The Low Profits Exemption: Introduction
Thank you.
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RE: P2P Crypto trading binance & kraken
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RE: HK UK Double Tax Treaty
Hi Albert Chow,
You will need to apply for a certificate of residence - How to apply for a certificate of residence to claim tax relief abroad
Thank you.
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RE: Tax on P60 salary as a non UK resident
Hi Duane Hardyc,
You will need to complete the SA100, full return and then the SA102 to show the employment that you are then claiming the relief against.
SA109 for residence to confirm you are non UK resident.
Thank you.
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RE: German State Pension & UK State Pension
Hi thanks2317 Why,
This will not affect your UK state pension as that is based on your UK NI contributions.
Thank you.
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RE: UK Tax on a Canadian RRSP
Hi Skad,
DT1467 - Where a UK resident makes a lump sum withdrawal from an RRSP or an RRIF, Canada imposes a 25 per cent withholding tax.
No tax credit relief is allowable in the United Kingdom in respect of the tax withheld, however, because the Canadian tax is imposed upon the lump sum withdrawal (which does not itself give rise to a tax charge in the United Kingdom), whereas any UK tax charge is on the disposal of assets held within the Plan or Fund to enable the lump sum to be withdrawn (and no tax is levied on the disposal of fund assets in Canada). The Elimination of Double Taxation Article (Article 21) obliges the United Kingdom to give credit for Canadian tax paid only against UK tax computed by reference to the same profits, income or chargeable gains by reference to which the Canadian tax is computed. Since no UK tax is computed by reference to the subject of Canadian tax (that is, the withdrawal), no tax credit relief is allowable. Similarly, where the disposal of fund assets to facilitate a withdrawal gives rise to a UK tax charge, no tax credit relief is allowable since the disposal does not attract a tax charge in Canada.
Thank you. -
RE: CGT: Sale of overseas property in which we lived and then rented out
Hi Edward Coultrup,
Please refer to guidance at CG64420P - Capital Gains Manual: Reliefs: Private residence relief: Identification of the only or main residence
Thank you.
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RE: I have paid into two stocks and sharea ISAs by mistake.
Hi Bunc,
If the new account is not a stocks and shares isa, then you are ok to continue with your payments into both. see further guidance at Individual Savings Accounts (ISAs)
Thank you.