HMRC Admin 20 Response
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RE: Self Assessment claiming losses
Hi,
It actually depends on whether you use the cash basis or traditional accounting on whether the losses can be used. you should telephone 0300 200 3310 for your records to be reviewed and the correct advice given.
Thank you. -
RE: Selling ex-family home....
Hi,
Yes that is correct, for other allowable costs,
please see:-
CG15180 - Expenditure: enhancement expenditure TCGA92/S38(1)(b)
and
CG15250 - Expenditure: incidental costs of acquisition and disposal
Thank you. -
RE: Transfer of Taxed Money from India
Hi,
There is no tax on the actual capital that you transfer, however the interest should have been declared here if you are UK resident and domicile.
Thank you. -
RE: Do I need to file a self assessment if I already paid CGT on a home sale and have no income?
Hi,
If you have no other reason to file a tax return, then no.
Thank you. -
RE: EIS tax relief following negligible value sale
Hi,
Please refer to further guidance at HS286 Negligible value claims and Income Tax losses on disposals of shares you have subscribed for in qualifying trading companies (2024)
Thank you. -
RE: UK income taxed in EU (Czechia)
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RE: CGT on family home
Hi,
You use the cost with VAT.
Thank you -
RE: Letter of Confirmation of Residence
Hi,
You would need to obtain a letter from Spain advising why the letter of confirmation is not acceptable and send that in to HMRC for further action.
This should be sent to
HMRC PAYE & Self Assessment
BX9 1AS
Thank you. -
RE: Gifting Property to Children
Hi,
Please note, HMRC does not give advice on how to pass on your own property, money, and possessions.
There are several routes you can go down if you want to transfer property to family members.
The types of transfers you can do, property transfer costs, and the different taxes you might have to pay all depend on a variety of things.
We would recommend you take legal advice to decide on the best option.
Thank you. -
RE: Blind Person's Allowance
Hi,
This forum is for general queries only and is intended to help you self-serve.
We are unable to provide specific advice tailored to individual circumstances.
Thank you.