HMRC Admin 17 Response
Joined: 1/20/2021
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RE : New sole traded vehicle advice
Hi ,
As you will be using the vehicle for private use, you have to exclude that part when claiming expenses or capital allowances in your tax return.
If you keep a record of your business mileage, you will be able to apportion costs based on that.
Thank you . -
RE: Statutory residence tests
Hi ,
You state you have become a non resident landlord.
That in itself, is criteria for completing a self assessment tax return, in which you declare all of your UK income and capital gains.
Please have a look at the guidance for additional income .
Thank you .
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RE: NRL1 Form
Hi ,
You can apply for the non resident landlord scheme as soon as you are not resident in the UK.
Thank you . -
RE: Executor disposal of probate property
Hi ,
If there is no capital gains tax liability arising from the disposal, there is nothing to report to HMRC.
Thank you . -
RE : reprting of past losses
Hi ,
If you wish to carry forward these losses to utilsise against future Capital Gains then you should carry forward these losses in your
Tax Return - please refer to the following Links and Guidance :
Capital Gains Tax: what you pay it on, rates and allowances .
Thank you . -
RE: CGT due on UK Property - paper form PPDCGT
Hi ,
Now that you have submitted a paper capital gains return form, it would complicate matter to then report the gain online.
It would appear as a secont disposal.
We do have a back log of paper capital gains return forms, so it may take several months for it to be processed.
Once processed, the tax charges will be used to generate a payment reference number and my colleagues
will write to you to confirm the reference number, starting the 60 time frame for payment of the tax.
Thank you . -
Selling items online that were bought 10 years ago
Hi ,
Where your gross turnover is more than £1000, then you must register as a sole trader.
You can do this at :
Set up as a sole trader: step by step .
Thank you . -
RE: Sending money from abroad to UK account
Hi ,
As a UK resident, you are taxable on your world-wide income.
This means you should declare the foreign employment income in your self assessment tax return.
You should contact the national insurance enquiries helpline on 0300 200 3500,
as you will have national insurance contributions to pay.
Thank you . -
RE: CGT: Time Scales for HMRC to issue X reference
Hi ,
Once your paper Capital gains return form is processed and the capital gains liability is used to generate your 'X' payment reference number, my colleagues will write to you to confirm the payment reference number and with advice on the different methods available to pay the tax due.
The 60 day time frame will only commence from the date the 'X' reference is created and not the completion date.
THank you . -
RE : Workplace nursery benefit and Adjusted Net Income
Hi ,
Salary sacrifice payments are taken from your salary before your gross wage is declared by your employer, to keep your salary sacrifice amount tax-free.
As this reduces your gross wage, it therefore also reduces your adjusted net income.
That said, your gross wage usually already represents the salary sacrifice reduction - if this is the case,
you should not deduct salary sacrifice again to reach your ANI figure.
Thank you .