HMRC Admin 17 Response
Joined: 1/20/2021
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RE: S455 charges
Hi ,
In your example the ten-thousand pounds withdrawn would be shown as a repayment.
This will need to be demonstrated clearly when filing the CT600, computations and accounts for the accounting period in question.
Specifically, you will need to complete a CT600A for the particular period demonstrating a loan repayment.
Thank you . -
RE: Overseas Remote employee for a UK based employer
Hi ,
In your question you cite that albeit you're abroad the work that is being completed is ultimately UK-based.
Complications only arise in the event that you're an overseas director with absolutely no contact with the UK
in that you don't visit in your capicity as director and you perform no work within the UK.
Despite your work being remote, the clients and work is within the UK so no additional rules would be relevant to your situation.
Thank you . -
RE : non uk resident, uk cgt double taxation
Hi ,
As a non UK resident disposing of a UK property, you are required to declare the disposal, whether or not there is a capital gain or loss,
within 60 days of the completion date.
You may incur penalties and interest if the form or payment is late.
To help you work out if there is a capital gain, please use the calculator at :
Tax when you sell property .
Private residence relief can be worked out by following the guidance on helpsheet HS283
( HS283 Private Residence Relief (2025) ).
There is guidance at :
Report your Capital Gains Tax on UK property by post and a link to the form to complete ,
print off and submit by post.
Thank you . -
RE: CAPITAL GAINS TAX IF I BUY ANOTHER HOME BEFORE SELLING MY CURRENT ONE (WITHIN 9 MONTHS)?
Hi ,
Private residence relief is the fraction in months of the period of time the property was your main residence plus 9 months, over the period of time you owned the property.
It is used to offset capital gains for the period a property is your main residence.
If the property is your main residenct for the entire period of ownership, then private residence relief equals and cancels out any gain, so no tax is payable.
If you acquire a second or more property, you need to declare to HMRC wich property is your main residence.
Please have a look at the latest guidance on private residence relief on helpsheet HS283
( HS283 Private Residence Relief (2025) ).
Thank you . -
RE : Beneficiary of UK Pension as a Non-UK Resident
Hi,
I regret we cannot advise on this matter in this forum.
This is a new change to legislation and as a result guidance has still to be written.
Thank you . -
RE : Life Insurance - Non-Withdrawn Dividends and Terminal Bonus Enquiry
Hi ,
Please refer to the following Links & Guidance - :
HS321 Gains on foreign life insurance policies (2025) .
Thank you . -
RE : Clarification on example 2 in SAIM2440
Hi ,
If the terms and conditions of the of the bond allow access under any circumstance, even the most extreme exceptional circumstances,
then the interest is taxed annually.
It is only if the terms and conditions do not allow access under any circumstance until maturity, that the interest would arise and
be taxed at that point.
Thank you -
RE : loan
Hi ,
This will be classed as Untaxed Interest to report on your Tax Return .
Thank you . -
RE: Claim expenses for previous tax years (retrospectively)
Hi ,
If you need to amend a tax return in order to claim additional tax relief, you can do so for up to 4 years previously (so, as far back as 21/22).
To do so, write to us detailing the additional reliefs and/or expenses you wish to claim, and state that you wish to claim these under
'Overpayment Relief' - this allows us to amend your returns.
Send your letter to Self Assessment,
HM Revenue and Customs,
United Kingdom BX9 1AS .
Thank you . -
RE : Self Assessment - 3 year ago
Hi ,
We would normally be able to update your record to allow you to file online for these years - after doing so,
we would issue an SA316 Notice to File which will allow you to file your return online.
Please contact us by webchat or phone via :
Self Assessment: general enquiries -
we can either update your record as detailed above, or confirm if there are any reasons specific to your record why an alternative may be necessary.
Thank you .