HMRC Admin 20 Response

Hi Tsanko,

You need to declare the income and the losses as in year, losses need to be used first before any balance can be carried forward even if this means you lose out on the capital gains annual exempt amount.

Thank you.

Hi MJ K,

You would need to base it on gains for the year before any losses.
If over £49200 then yes a return is required.
Any in year losses are set against your gains only and cannot be set against other income.
Report and pay your Capital Gains Tax

​​​​​​​Thank you.

Hi Cinnamon_mixed_coffee,

We would recommend you contact us on 0300 200 3200 for us to check.

Thank you.
 

Hi juliemci,

For explanations of How your Basic State Pension has been calculated you will need to contact Future Pension Centre on 0800 731 0175 Monday to Friday 8am – 6pm.
They will explain about the impact of your contracted out period in your individual circumstances.
If you are wanting any advice on your Contracted Out pension, you can contact our Helpline on 0300 200 3500 – Monday to Friday 8am – 6pm. 

Thank you.

Hi Jishnu Teegala,

You would need to complete a tax return to claim the refund.
If you opt for the 86 form, you will only declare the remaining tax deducted on the form to claim the refund.

Thank you.

Hi Kar KWAN,

You will need to report it if you wish to have the loss recognised so that it can be set against any future capital gains that you have.
The loss, once notified, can be carried forward indefinately.

Thank you.

 

Hi Shalinshah,

You can only file returns online for 19/20 onwards.
You will need to contact our Self Assessment department to make sure they have been requested first
Self Assessment: general enquiries

Thank you.

 

Hi tomatoboy29,

If split year treatment applies, you would complete supplementary page SA109 and only declare your world-wide income up to the date you left the UK.  
To determine if split year treatment applies to you, you would need to take the tests at: (RDR3 Statutory Residence Test).

Thank you.

 

Hi FH,

To the address shown here Self Assessment: general enquiries

Thank you.

 

Hi MariamL,

It would be the bank you have an account with.

Thank you.