HMRC Admin 17 Response
Joined: 1/20/2021
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RE: Accessing previous years tax returns (self assessment)
Hi ,
You can only amend tax returns up to 31 January, 2 years after the due date of the return.
For any tax returns older than this, you need to submit an overpayment relief claim in writing to HMRC,
following the guidance at SACM12150 onwards
(See : SACM12150 - Overpayment relief: Form of claims ).
Thank you . -
RE : MTD ITSA - expenses
Hi ,
You declare the disallowed expenses in the tax return, so that they can be added to the gross proft,
just as you declare the allowable expenses to remove them from the gross profit.
Thank you .
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RE: Insurance premium refund
Hi ,
Thanks for your question.
If you have received a refund of an insurance premium due to sale of the property,
I would suggest that in terms of allowable costs you would only declare the amount of the premium attributable to the rental business
(i.e. 6/12 months), as the refund would in itself act as a form of relief for the period between sale and the end of the tax year.
Thanks -
RE: Declaration of Trust shared rental income
Hi ,Thanks for your question.
To ensure that both records are updated accordingly to factually reflect the change in beneficial interests in the rental property,
I would suggest both parties submitting a valid declaration of trust to HMRC to be filed accordingly.
Thanks -
RE: CGT during divorce on overseas land
Hi ,
Each value uses to calculate the capital gain or loss, must be in UK pounds sterling, using a just and reasonable exchange rate in use at the time.
As the land is overseas, the disposal needs to be declared in a self assessment tax return.
If there is a loss, it can be set against a gain arising from asset disposals in the UK.
Thank you . -
RE : Income from PAYE and self-employed
Hi ,
As you have a gross profit from self employment of over £1,000, you will need to declare this in the self employment
section of a self assessment tax return.
Self assessment will calculate the tax and NIC due, if any on your profits.
This tax will be payable through self assessment.
If you owe less than £3,000 tax for the tax year, you can tick option in your tax return to have the tax collected through your tax code.
We’ll try to collect it through your wages or pension from the next tax year.
Thank you . -
RE: CGT for a widow on a previously co-owned property
Hi ,
We can only provide general information / guidance in this forum.
For an answer to a detailed question of this nature, you would need to contact our self assesment helpline on 0300 200 3310,
contact our webchat facility at :
Contact HMRC or seek professional advice .
Thank you . -
RE: Makint tax digital for landlords who are couples
Hi ,
You would only need one MTD record for your rental income from
your jointly owned and individually owned properties.
Thank you . -
RE : Self employed losses not reducing self assessment bill
Hi ,
On a paper SA103, you would declare the 'Loss from this tax year set off against other income for 2024–25' in box 33 on page SES2.
In your online return, in the self employment losses section, you would enter the amount of losses to set against other income in the
box named 'Loss for this year set-off against other income for 6 April 2023 but before 6 April 2024'.
Thank you .