HMRC Admin 25
-
RE: Meal claims for market research for restauranteur
Hi James
Please refer to guidance at:
BIM37900 - Wholly and exclusively: expenditure having an intrinsic duality of purpose: contents
Thank you. -
RE: Allowable professional service costs on sale of a foreign property.
Hi pijin,
The representative would need to confirm if any of the job titles are appliable to them.
If not then you cannot claim it.
Thank you.
-
RE: Penalty
Hi Gary,
Sorry,i t is not possible to check individual tax records through this forum.
If you have a question which relates to your personal tax situation or tax code please contact our helpline.
Capital Gains Tax
Thank you. -
RE: Taxation on Life Insurance Surrender
Hi, Hoi,
As it is in excess of £10,000, yes
Thank you.
-
RE: China-UK double taxation agreement, income tax
Hi johruf,
It is all 3 of that section.
Thank you. -
RE: Hong Kong resident with UK property income
Hi lamtinman,
Yes, you need to declare the income in the UK via a tax return as you are a non resident landlord.
If jointly owned, each party must declare their own share. as a resident of Hong Kong you are not entitled to personal allowances.
Further guidance is at:
Tax on your UK income if you live abroad
Thank you. -
RE: Is CGT required?
Hi JWL,
It is possible that a gain is due as you did not live in the house as your main residence for the whole period of ownership.
You chose to move away for work and then did not return to the property prior to selling.
The cost of the new house is irrelevant as it is the differnce in price on the property that has been sold determines whether a gain has arose or not. Please refer to guidance here:
Capital Gains Tax: what you pay it on, rates and allowances.
Thank you. -
RE: Offset a loss against GCT
Hi Patrick57G Gallagher,
Yes. the loss can be off set.
Thank you.
-
RE: claim foreign tax credit relief
Hi Eduardo Suarez,
You need to tailor your tax return at section 3 to state you are claiming Foreign Tax Credit Relief on a capital gain rather than normal tax credit relief.
How do I tailor my Self Assessment tax return?
Thank you. -
RE: CGT + Computation sheets? All sent online with my SA100 tax return in one go?
Hi john,
Your online tax return has a section for capital gains (at the bottome of page 1 of 3 when tailoring your return).
You would complete this section instead of submitting a paper SA108, as this section of the online return is equivalent to a SA108.
You can add your evidence/calculations as an attachment later in the online return.
Thank you.