JJ FM

Higher rates apply for Stamp Duty Land Tax (SDLT) when purchasing a residential property if this will not be the only residential property that you own anywhere in the world; as of July 2024 the additional rate is 3%. In the guidance from HM Revenue & Customs (https://www.gov.uk/guidance/stamp-duty-land-tax-buying-an-additional-residential-property) it is stated the higher rates do not apply to people if (1) the new property will be used as their main home, and (2) the last main home they owned, before buying the new one, have sold or given away. In the case where the person (a) is a UK resident; (b) the foreign property is therefore not the main home (given the person resides, and is domiciled, in the UK); and (c) the person does not currently have a main home (because she is renting within the UK) hence there is no main home to give away; then would the higher SDLT rates apply if the person purchased a UK property as their main home?

Hello HMRC Admin, Thank you for the response. I have followed your instructions and claimed the foreign tax credit, which has now been refunded into my bank account. I suspect I could also claim an additional foreign tax credit for the 2021-2022 year, however for that year I did not have to prepare a Self-Assessment. Is this something I can do online too, or should I do it in another way?

Hello HMRC team, I am seeking some advice on amending my previous year's Self Assessment regarding tax on vesting RSU. I work in the UK for a US-based company. As part of my remuneration, the company grants Restricted Stock Units (RSUs) which vest a few years down the line. Upon vesting, I receive US shares from the company, however only a fraction of them while the rest is used to settle tax. This tax amount is reflected in the payslip for the month where the shares vested, and appears as a deduction to my total tax. However, I noticed my P60 form displays my total remuneration, including the vested shares but excluding aforesaid deductions. When making my SA, I declared the overall PA amount, meaning I have paid tax twice on the vested shares. What is the correct way to amend my 2022-2023 SA to claim a tax refund in this case?