HMRC Admin 20 Response
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RE: help needed completing HS304 (self assessment and non-resident)
Hi Susan Senecal,
Employment page is SA102.
If you did not have any UK employment, leave it blank.
Along with the completed SA109, is HS304 in the absence of a validated DT agreement form.
The type of income you declare is your UK pension, the period you are claiming for, the amount of tax deducted and the relevant article number under which the pension is exempt (https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/856597/Belgium_dtc_Jan_2020.pdf)
You should declare your gross UK pension in box 11 and any tax deducted in box 12.
Thank you. -
RE: CGT on inherited property
Hi Nam123,
Capital gains tax may be payable from disposing of the property or gifting to son on the difference between the probate value and the disposal value.
Repalcement kitchens and bathrooms generally do not qualify for capital allowances.
Have a look a the guidance at:-
Tax when you sell property
Thank you. -
RE: Do I need to declare the money got back from a life insurance policy?
Hi Hiu Young,
A chargeable event may arise from the the full or partial surrender of a life insurance policy.
Your policy provider will be best placed to confirm if there is a gain.
If there is, they will send you a chargeable event certificate.
If the gain is more than £10000.00, you will need to reports this on a self assessment tax return, supplementary page SA101.
HS320 Gains on UK life insurance policies (2023)
Thank you. -
RE: Full-time day trader (Stock and futures), Self-employed?
Hi soluble,
There is no clear answer to this question, that we can provide on this forum, as there is no statutory definitin of a 'trade'.
You will need to review the guidance at BIM20000 onwards, to decide if a trade or the venture in the nature of a trade exists.
BIM20000 - Meaning of trade: contents
Thank you. -
RE: Self-employment with foreign income
Hi fishball,
If your UK trade and your foriegn trade are the same, you can add the profits and expenses from the foreign trade to those of your UK trade and complete only one SA103.
If the trades are of a different nature, you would submit an SA103 for each of them and only complete the SA106, if foreign tax was deducted and you are claiming relief.
Thank you. -
RE: How to declare income from sale of foreign shares below UK CGT limit
Hi Sophie Durham,
As this is a foreign gain, you do need to include it in the self assessment tax return.
You would show the figures in SA108 (capital gains).
As the gain is below the annual exempt allowance, no tax will arise and if you paid foreign tax, no tax relief is available.
Thank you. -
RE: Hotel and Restaurant invoices - Higher than 250 GBP
Hi Raquel,
You would need to go back to the supplier and request a VAT invoice which is in the name of the company so that you have the necessary evidence of input tax.
Please see link for input tax below:
10. Introduction to input tax
Thank you. -
RE: HMRC gives two different amounts for how much to pay for voluntary NI contributions - help!
Hi Ian Walker,
Unfortunately – without checking your records, it would be difficult to advise why the payment hasn’t been updated yet.
There could be a number of factors as to what has happened which we would not be able to investigate via a query on this platform.
I would also be unable to provide you with our current timescales – as this will depend on which part of the world you are in, as different countries are actioned by different departments.
The following link may help to check when you can expect an update.
Check when you can expect a reply from HMRC
Thank you. -
RE: How to pay Voluntary contributions to fill gaps
Hi Tony Magson,
Unfortunately I don’t have a timescale for when this will be updated.
However, you can contact our Helpline and we will be able to look into those years and provide you with the amount required if your wife wants to pay Voluntary National Insurance contributions for those years.
The contact number is 0300 200 3500, lines are open Monday to Friday from 8am to 6pm.
Alternatively, you can use our webchat facility - National Insurance: general enquiries, choose the option ‘Ask HMRC online’ This facility is available Monday to Friday from 10am to 6pm.
Thank you.