HMRC Admin 20 Response

Hi Irfan Ali,

You would need to contact our online helpdesk.
Technical support with HMRC online services

Thank you.
 

Hi Thomas Gundacker,

For year 2 there would be an entry in box 5 & box 7. 

Thank you.
 

Hi Marco Sangalli,

You will have been issued with a letter asking you to confirm all this information for a definitive reply to be sent to you.

Thank you.

Hi Nancy A,

Provided the agreement meets the criteria and the wording specified at TSEM9520 - Ownership and income tax: express trusts - written declaration
and TSEM9530 - Ownership and income tax: express trusts - deed then we will accept it.  
As regards the costs against Capital Gains, the costs being claimed are against the asset, the main point is establishing that they are allowable
expenses per CG15150P - Capital Gains manual: introduction and computation: computation: expenditure.  If they are, then they can be claimed.

Thank you.

Hi Lemonglass,

If you are a UK resident, you could have a UK CGT liability on the capital distribution from your company, as you may be treated as having disposed of an interest in the shares of the company.
Please refer to CG57800P in general, and more specifically to CTM36130 and CG57810.
It is possible that you may be entitled to Business Asset Disposal Relief so you could also have a look at HS275, CG64115 and CG63950P.
I would also recommend that you seek professional advice to determine the correct tax treatment. 
CG57800P - Capital Gains Manual: Shares and Securities: Particular types of transaction: Capital distributions
CTM61558 - Close companies: Loans to participators: liquidations/dissolutions: general
CG57810 - Capital distributions: definitions
HS275 Business Asset Disposal Relief (2023)
CG64115 - Business Asset Disposal Relief: shares/securities: liquidation of company
CG63950P - Capital Gains Manual: Reliefs: Business Asset Disposal Relief

Thank you.

Hi A Wu,

As it is not paid in sterling then it is not UK income and as not remitted you should not report it.

Thank you.

Hi Steve O'Shea,

You would need to contact HMRC to reivew the claim submitted if nothing heard. Contact HMRC.
For a complaint we aim to reply within 15 working days.
We will contact you either by letter or telephone once we have reviewed it.

Thank you.
 

Hi Clara23,

You would need to contact HMRC to review Contact HMRC.

Thank you.

Hi Pebble Beach,

Yes the transfer will be cancelled for the 2024/25 tax year onwards.
You do not need to do anything as the tax paid jointly will be correct. 

Thank you.

Hi June2Bob Karlstad,

HMRC would repay the 3rd party if we received a claim nominating them as the recipient of the repayment.
If fees are charged your husband would need to contact the 3rd party to disucss.
If your husband thinks this is a fraudulent claim then he should report this to action fraud 0300 123 2040 website www.actionfraud.police.uk

Thank you.