HMRC Admin 20 Response

Hi,
Please have a look at the guidance on helpsheet HS281 archived at  Spouses, civil partners, divorce, dissolution and separation: HS281 Self Assessment helpsheet.  
The transfer of assets outside of the allowed time period may be subject to capital gains tax.
Thank you.

Hi ConfusedTaxpayer27,
EIS losses are entered in the unlisted shares and securities section of SA108 (Capital gains).  
If you are completing your tax return online, you would tailor your return to include the capital gains option (page 1 of 3) and tick unlisted shares and securities.  
Any EIS relief being claimed should be entered in box 2 on page Ai2 of SA101 (additonal information).
Thank you.

Hi Roger,
You each report 50% of the gain and you each claim BAD in your self assessment tax returns.
Thank you.

Hi,
Potentially, yes.  
As a UK resident, you are required to declare your world-wide income and capital gains each year in a self assessment tax return.  
You will need to convert the acquistion cost of the property to GBP sterling, using an exchange rate in use at the time.  
You would also have to obtain the market value of the property when it is gifted to your son and convert this value to sterling.  
The difference between the acquistion cost and market value, is either a gain or a loss.  
From this you can deduct your costs for disposing of the property.  
Have a look at Tax when you sell property.  
If the property was your main residence, then you can apply private residence relief.
 Have a look at helpshett HS283 (HS283 Private Residence Relief (2024) Updated 6 April 2024.
Thank you.

Hi,
The ISA manager's guidance states "individuals must be aged 18 to 39 to open a Lifetime ISA".  
It would stand to reason that as long as you are under 40, even by a day, you can open a life time ISA.
You should discuss this with the ISA provider.
Thank you.

Hi,
The gift of money is not something you would need to declare to HMRC however it could have some impact on any inheritance tax for your mother in Egypt.  
You would both need to do some research on Egyptian Inheritance tax.
The issue here for HMRC is the possible arrangement of you being paid directly by Airbnb or the property management company.
This arrangement could be seen as you having a beneficial interest in the property which would then fall into the realm of you having to declare this as foreign rental income.  
Please refer to this guidance:  CG10720 - Persons chargeable: beneficial owner
Thank you.

Hi jeverett,
Please refer to guifance at Transferring your pension
Thank you.

Hi Lindsay,
Please refer to guidance at:- Capital Gains Tax - separation and divorce Published 15 March 2023
Thank you.

Hi,
Unfortunately, without understanding the full pay and contractual arrangements in place, including the type of work being performed for National Minimum Wage (NMW) purposes, we are unable to provide you with a full response.
For further information, please see the ‘Calculating the Minimum Wage’ publication which is available at Calculating the minimum wage - Guidance - GOV.UK
(Calculating the minimum wage).
Thank you.

Hi, 
No you would only send FPS for employees that are being paid.
Thank you.