HMRC Admin 17 Response
Joined: 1/20/2021
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RE : Still confused by Payments to registered pensions schemes
Hi ,
If the pension contribution is deducted from your wage before tax is calculated then you will already have received relief and
would not declare on your Self Assessment.
If the pension contributions are from your net wage then it would be your contribution plus the 20% relief that you would declare on
the Self Assessment tax return.
Thank you . -
RE : Are lease extension costs deductable from Capital Gains on a rented property?
Hi ,CG70752 advises "A ‘long lease’ is a lease with over 50 years to run.
Such a lease is not a wasting asset for CGT purposes until its remaining term is less than 50 years.
Long leases are treated in the same manner as freeholds and are relatively straightforward".
( CG70752 - Leases: introduction: long and short leases ).
Please have a look at helpsheet HS292
( HS292 Capital Gains Tax, land and leases (2023 ) for more information.
Thank you .
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RE : CGT rules for option trading
Hi ,
Please have a look at the CG12313 onwards, regarding the exercising of an option.
See : CG12313 - Options: exercise of an option: grantor of the option .
Thank you . -
RE: Tax on foreign pension lump sum for UK resident
Hi ,
If this pension is not taxable in the UK, you do not need to report it,
but you could mention it as additional information in the free hand notes box.
Thank you . -
RE : Additional pension contribution
Hi ,
The payments made to your pension scheme pre tax, will count towards your £60,000 pension threshold.
As long as your AVC payments keep you below that threshold, you can claim addtional tax relief on your tax return.
Thank you . -
RE : Tax Return to SIPP Account
Hi ,
As long as your pension payment is below your UK earned income for the year, your pension provider can claim 20% relief from HMRC,
allowing you to claim any additional relief due through your self assessment tax return.
Thank you . -
RE: Double taxation on German state pension as a resident of the UK
Hi ,
The German state pension is now only taxable in Germany and should not be declared in the UK.
You can make reference to it in the comments section of your tax return.
Please refer to Article 17 of the treaty - :
UK/ GERMANY DOUBLE TAXATION CONVENTION (AS AMENDED) .
Thank you . -
RE : money from my best friend
Hi
In Reply to your question the answer is yes .
Thank you . -
RE: How to report capital gains losses for previous years
Hi ,
You would normally need to wait so you should telephone 0300 200 3310 to ensure your letter has been received.
There is a section within the capital gains section to show losses brought forward and used .
Thank you .
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RE: foreign per diem expenses
Hi ,
If no foreign tax has been deducted, it is just the uk employment page.
If foreign tax paid, you dont include the tax on the employment page but claim this as
foreign tax credit relief on the foreign section .
Thank you .