HMRC Admin 17 Response
Joined: 1/20/2021
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RE : Private Residence Relief - sale after leaving the UK for tax purposes
Hi ,
You still qualify for the period you lived in the property plus the final 9 months .
Thank you . -
RE: Capital gains tax when property jointly owned husband/wife then only wife
Hi ,
Transfers between spouses incur no cgt at the time of the transfer. however, if either of you later sell the asset,
you are regarded as having their share from the original date the asset was purchased and therefore liable on any increase from that date.
Gifting all or part of the property to your son is seen as a disposal and if this is not your main residence then cgt is due .
Thank you . -
RE: CGT liability on adding cohabiting partner to house deeds
Hi ,
Yes .
Thank you . -
RE: How to manage someone's tax account online as Power of Attorney
Hi ,
As your query is regarding using the online service then it would be the Online Helpdesk that can assist you
See: Technical support with HMRC online services .
Thank you . -
RE: On what basis is CGT calculated on selling property ?
Hi ,
Can you clarify what ADS refers to .
Thank you . -
RE : Setting off allowance on share sales against gains prior and post budget
Hi ,
The existing provisions(pre budget) under which losses, the Annual Exempt Amount and any unused income tax basic rate band
can be used in the most beneficial way will remain in place, with amendments to reflect the changed rates.
Thank you . -
RE: US pension and UK Tax
Hi ,
It is only for actual paid out pensions prior to that date .
Thank you
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RE: Are Dividends from a Hong Kong Provident Fund Taxable in the UK?
Hi ,
Please refer to Article 10 OF THE DOUBLE TAXATION TREATY - :
UK/HONG KONG DOUBLE TAXATION AGREEMENT AND PROTOCOL .
Thank you . -
RE: Am about to pay CGT after a house sale, but will soon incur a loss when I sell shares
Hi ,
There is a section within the form to show in year losses that you wish to use .
Thank you . -
RE : Disregarded Income for non resident. Interest on savings & Rental income
Hi ,
You still need to declare all UK income in the return as its still taxable.
By completing the residence page to show as non resident, this will determine what,
if any, income is disregarded .
Thank you .