HMRC Admin 17 Response
Joined: 1/20/2021
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RE : Payments on account
Hi ,
If the amount calculated as due after you file your 24/25 return is less than the Payments on Account paid, you should be able to claim a repayment of the difference via your Personal Tax Account, or by contacting us via :
Self Assessment: general enquiries .
If you do not fulfill the criteria for filing a return for 24/25 at all, you can let us know by form via :
Self Assessment tax returns ,
or using the contact details previously given - we can organise to close your record,
and issue a refund of any unallocated funds.
Thank you . -
RE : Claiming to pay lesser/no tax on account
Hi ,
After submitting your return, if you decide to amend your Payments on Account, you can do so here :
Claim to reduce payments on account ,
or by contacting us by webchat or phone via :
Self Assessment: general enquiries .
Thank you . -
RE : Tax on my crypto profit
Hi ,
As this falls within the annual exempt amount, no you dont need to report it .
Thank you . -
RE: Flexible ISAs - Using different providers in the same tax year
Hi ,As long as the funds are returned to the same ISA and
its a flexible ISA then yes .
Thank you . -
RE: Period of Ownership for a foreign Off-Plan Property
Hi ,
Yes this qualifies .
Thank you . -
RE : Who pays Capital Gain Tax after death: Personal Representative or Beneficiaries?
Hi ,
It depends on whether there is a will or not.
If no will then it is the estate declaring all of the gain and given the time difference then no annual allowance is due.
If there is a will, each person named in the will declares their share of the gain.
The rate of tax due will be based on the annual income of each person .
Thank you . -
RE: Capital Gain tax rate when remitting sale of foreign shares
Hi ,
Please refer to guidance at :
Capital Gains Tax: what you pay it on, rates and allowances .
Thank you . -
RE: Private pensions and paying into them via Ltd company
Hi ,
To ensure the correct relief is applied as tax relief is applied differently see :
Types of private pensions and :
Tax on your private pension contributions gives more information .
Thank you . -
RE : Using part of bedroom for business and Capital Gains Tax on future sale
Hi ,
HMRC cannot comment on future events as legislation and/or plans may change.
For current guidance, refer to :
HS283 Private Residence Relief (2024) .
Thank you . -
RE: Tax-free allowances on trading income
Hi ,
Yes.
You have states that your combined total was over £1000 so you need to show that as your turnover to then claim the trading allowance .
Thank you .