HMRC Admin 20 Response
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RE: Foreign Termination payment: application of the £30k exemption
Hi,
If you meet the condtions at EIM13700 - Termination payments and benefits: section 401 ITEPA 2003: foreign service: reduction of charge, this can still be claimed.
The foreign employment, whether the relief is due or not, should still be included on a UK employment page in order for the income to be included on your calculation.
You do not show any tax deducted on this page as it is claimed as foreign tax credit relief where appliable.
This then allows the claim for the 30k exemption to be applied, if applicable.
Thank you. -
RE: Registered for SA but made under £1000
Hi,
Yes you can.
Thank you. -
RE: What evidence is required when making a gift as a potentially exempt transfer?
Hi,
It is up to the individual as to how they keep their records, whether on paper, on a spreadsheet or using some another format.
HMRC is allowing the freedom to choose by not stipulating a preset method.
Thank you. -
RE: Carried Interest Loss
Hi, Mark,
You report this in the tax return and it is up to you to keep a record of it to apply it against a future gain.
This does not happen automatically.
Thank you. -
RE: Iht forms
Hi,
This forum does not deal with Inheritance tax and you will therefore need to refer to guidance at:-
How Inheritance Tax works: thresholds, rules and allowances
or telephone the IHT helpline on 0300 123 1072
Thank you. -
RE: Husband has dementia
Hi,
If your husband would prefer to send his return via the Government Gateway, but requires assistance, contact us by webchat or phone via
Self Assessment: general enquiries -
we can provide assitance to him directly or, with his permission, talk to you.
We can then help with the filing of the return, and review the details on the return submitted, where we may be able to make corrections if necessary.
Thank you. -
RE: Overseas property
Hi,
You should report it on your 2024/25 self-assessment tax return.
Thank you. -
RE: Gifts from IHT Allowances and from surplus income
Hi,
The form 17 will not impact the actual pension income received as it is for interest and/or property income that is held in joint names that you then want to have a different beneficial interest other than 50/50.
Thank you. -
RE: Mortgage and council tax payments for sole trader self-employed tax return
Hi,
Please refer to guidance at BIM47820 - Specific deductions: use of home: specific expenses
Thank you. -
RE: Advising HMRC of chargeable gain and receiving top slicing relief
Hi,
He should send in a copy of the chargeable event certificate when he gets it and we will review to consider the TSR and any potential liability.
This should be sent to
HMRC
PAYE & Self Assessment
BX9 1AS
Thank you.