HMRC Admin 20 Response

Hi JEP,

Please refer to guidance at CG64555 - Private residence relief: two or more residences: job-related accommodation

Thank you.

 

Hi Msilberb,

You need to send the whole return in the same format so either all on paper or purchase 3rd party software.

Thank you.

Hi User2568,

You can contact our Self Assessment department by webchat using the 'Ask HMRC Online' link.
Self Assessment: general enquiries

Thank you.

Hi David Hill,

The cash incentives are not reported by banks, the allowances are only for interest.
You can use the 'Ask HMRC online' link.
After you have asked a question you can type 'speak to an adviser' and you will be transferred to an adviser if there are any available.
Income Tax: general enquiries

Thank you.

Hi Niall Mullan,

There is no tax implication for those receiving the gift unless the property generates an income or if you the sell it.
There may be capital gains due for your parents as this is still seen as selling a property -
Tax when you sell property

Thank you.

Hi Guido,

Please refer to:
Understanding off-payroll working (IR35)
and
Off-payroll working (IR35)

Thank you.

Hi F_Keung,

You will need to enroll for Self-Assessment online first.
Please go to Sign in using Government Gateway, select 'Government Gateway' to log in with their User ID and Password and select `enrol for service’ at the side of Self Assessment on the "Services You can add" page

Thank you.

Hi Chester65,

The interest payment would need to be declared as it forms part of the personal savings allowance (£1000 if you are basic rate £500 if you are higher rate) so would be added to any other interest received to ascertain any tax due on it (not ISA).

Thank you.

Hi Dragan,

You will need to use the rates from the time of acquisition as your purchase costs.

Thank you.

Hi May-22,

Yes you will select that option as you have foreign income.

Thank you.