HMRC Admin 17 Response
Joined: 1/20/2021
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RE: HMRC FPS Submission
Hi ,
We do not currently have a timescale but it is being investigated. I do apologise for the issues.
Thank you . -
RE : SMP rate when QW falls within earlier SMP period
Hi ,
You would base it on actual earnings paid,
Please follow the following link for advanced funding:
Get financial help with statutory pay .
Thank you . -
RE : Paying a UK employee moving to Italy
Hi ,
I would suggest contacting us on 0300 200 3200 to discuss this in more detail .
Thank you . -
RE : Taxation on gilts owned by company
Hi ,
Capital gains attributable to any rise in the value of the gilts is only due on any excess gain over and above the annual RPI rate incrtease.
Any gain attributable to changes in value due solely to RPI are not liable to Capital gains,
see CGM37140 for more information Tax .
Thank you . -
RE : Airbnb income
Hi ,
Basically the rules are you have to submit a self-assessment return if your net property income is more
than £2,500 or your gross income is more than £10,000.
More information on self-assessment criteria can be found here:
Check if you need to send a Self Assessment tax return .
Thank you . -
RE : Inherited property: who declares the rent?
Hi ,
As the flat is in your husbands’ name your husband will need to declare 100% of this income.
You can adjust this percentage by establishing a deed of trust with your husband and
then send into us a Form 17 with a copy of the deed of trust.
Thank you . -
RE : Income after Consent to Let
Hi ,
Thank you for your question but you need to provide more information regarding
your residency situation in order to point you to the right guidance .
Thank you . -
RE: Tenants in common change in benegficial ownership
Hi ,
There only Thank you for your question.
The split of differing beneficial interests in a property is only applicable to spouses or civil partnerships.
This would not be applicable in this case.
The relevant information can be found :
Declare beneficial interests in joint property and income .
Thank you . -
RE: AirBnB rental income
Hi ,
Thank you for your question, please find the relevant information to your question at
: Rent a room in your home
and also in relation to expenses ,
: Rent, bills and tax .
Thank you . -
RE : Different ratio split on rental income for co-owned property
Hi ,
Thank you for your question.
Where there is no partnership, the share of any profit or loss arising from jointly owned property will normally be the same
as the share owned in the property being let.
But joint owners can agree a different division of profits and losses and so occasionally the share of the profits or losses will
be different from the share in the property.
The share for tax purposes must be the same as the share actually agreed.
Further guidance can be found at :
PIM1030 - Introduction: jointly owned property & partnerships .
Thank you .