HMRC Admin 20 Response

Hi ameeeer,
Please refer to Tax on foreign income
Thank you.

Hi,
Please refer to PTM041000 - Contributions: essential principles Deemed date of contributions
Thank you.

Hi,
Please have a look at the tax treaty between both countries.  Article 17(4) covers annuities.  (USA: tax treaties).
Thank you.
 

Hi,
Please have a look at the guidance at Negligible value claims and agreements and how to claim NVC.  
If you own the shares and claim NVC, you cannot then gift them to someone else.  
When the NVC is agreed and converted to a loss, you can set the loss against your other income.  
As the shares have no value, they cannot impact inheritance tax.  
If you have claimed NVC, then you are declaring the shares as worthless. They cannot then increase in value.
Thank you.

Hi,
We cannot advise you whether the property dressing services are allowable costs.  
We can only provide you with the guidance and leave you to make your own informed decision.  
If you are unable to do this, then you may need to consdier seeking the advice of a professional.
Thank you.

Hi,
You will need to amend the tax return you submitted and declare your capital gains in the capital gains section.
Thank you.

Hi,
To calculate PPR, you need to work out the number of months that the property was your main residence, then you add a further 9 months to this number.  
Next you work out the number of months that you owned the property.  This then give you your PRR fraction of months main residence over months owned.  
Have a look at Helpsheet HS283 (HS283 Private Residence Relief (2024)).
If there is no capital gains tax to pay on the property disposal, then there is no requirement to report the gain to HMRC.
Thank you.

Hi,
If you are UK tax resident at the time of disposal, it is the market value in 1997.  
If not UK resident, then it is the 2015 market value.
Thank you.

Hi,
No you do not.
Thank you.

Hi,
If in joint names, yes you both need to report your share.
Thank you.