HMRC Admin 17 Response
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RE: How to claim tax back from shares deposited in a SIPP
Hi ,
We cannot comment on scenarios or examples, we can only provide general information / guidance in this forum.
For an answer to a detailed question of this nature,
you would need to contact our self assessment helpline on 0300 200 3310
or professional advice.
Thank you . -
RE: Transferring personal money to UK
Hi ,
Yes.
As a resident of the UK, you are taxable on your world-wide income and capital gains, even if you do not remit the income / capital gain to the UK.
You would declare your foreign income and capital gains in a self assessment tax return, along with all other sources of income and
capital gains arising in the UK.
Thank you . -
RE : Income during administration period
Hi ,
No.
The costs paid by the estate regarding the property are expenses of the estate.
It is only when the estate is finalised, with all taxed paid, that a distribution to the beneficiaries can take place.
Thank you . -
RE: Create a Capital Gains Tax on UK property account Do you want to report a capital gain for a t
Hi ,
Please contact our Online Services Helpdesk on 0300 200 3600 for advise on loggin on issues .
Thank you .
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RE: Claiming capital loss on non-reporting fund
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RE : UK remittance basis rules
Hi ,
Please refer to guidance at :
Paying tax on the remittance basis (Self Assessment helpsheet HS264) .
Thank you . -
RE: CGT Past Losses submission advice
Hi ,
If already reported on your returns then there is no need to report again unless you are looking to use them .
Thank you . -
RE: Create a Capital Gains Tax on UK property account Do you want to report a capital gain for a t
Hi ,
Your capital gains account is separate from your self assessment.
You can log in via :
If you sold a property in the UK on or after 6 April 2020 .
Thank you . -
RE : Foreign dividends taxable if held in UK SIP
Hi ,
If you get shares through a Share Incentive Plan (SIP) and keep them in the plan for 5 years you will not pay
Income Tax or National Insurance on their value.
You might have to pay Capital Gains Tax if you sell the shares.
Please have a look at :
Tax and Employee Share Schemes for more information .
Thank you . -
RE: Inheritance Tax Question.
Hi ,
There is no capital gains tax liability arising from the transfer of assets between husband and wife and civil partners.
Any transfer of assets, will be based on the value of the asset at the time of acquisition.
This value would be used for capital gains purposes on your share of the asset should it late be disposed of.
Please have a look at the guidance at :
How Inheritance Tax works: thresholds, rules and allowances on how inheritance tax works.
Thank you .