HMRC Admin 25
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Trust return - how to do so
Hi MB74 Breen,
Please refer to:
Trusts and taxes
Or contact the helpline here:
Inheritance Tax: general enquiries
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RE: Capital Gains Tax Carry Forward
Hi JimmyD83,
The loss from 22/23 can be carried forward until you need it.
The loss for 23/24 must be used against the 23/24 gain as they are both in the same tax year and in year losses are used first.
To allow the use of any losses, they must be notified to HMRC within 4 tax years of them arising.
Thank you.
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RE: Withdrawing 25% of overseas pension fund
Hi judy7777 R,
The 25% refers to the whole pension pot so when you withdraw part of it, only 25% of that withdrawal is tax free. the rest is taxable.
Thank you.
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RE: Tax on German pension
Hi
Article 17 of the UK / Germany tax treaty covers state pensions:
Germany: tax treaties
When the UK/German tax convention was amended in 2010 it gave the German tax authorities the right to tax social security, what is in effect state pensions in Germany.
As a result the German tax authorities are exercising their right to recover tax that was not previously paid by UK resident individuals on their German state pensions.
The pension should not be declared in a Self Assessment tax return, as it is not taxable in the UK.
You should amend any tax returns 22/23 and 23/24 that include the Germans pension and submit an overpayment relief claim for 20/21 and 21/22 tax years.
For the 2 earlier years 19/20 and 20/21, you will need to make a claim under the MAP procedures as described in article 26 of the treaty.
Thank you. -
RE: Still no UTR number
Hi charloxton04,
You should receive confirmation of your UTR within 4 weeks of your request.
If you have not received your UTR after 4 weeks, please contact us here
Self Assessment: general enquiries
Thank you.
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RE:First Time Filling Out Self Assessment. Varied Questions
Hi EH Pottery,
This forum is for general queries only and is intended to help you self-serve.
We are unable to provide specific advice tailored to individual circumstances.
You may wish to contact our Self Assessment helpline or contact our webchat facility here:
Self Assessment: general enquiries
Thank you.
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RE: Child Benefit pay back...Pro rata or full year?
Hi Brian D,
If the combination of your income from your old and new employment exceeded £60,000, then you would not be eligable to receive Child Benefit. Contact us here:
Child Benefit: general enquiries
Thank you. -
RE: Self employed and starting a job
Hi zdaley,
If you have your P45 from your previous employer, and you have given this to your new employer, choose option A on the Starter checklist.
Otherwise, choose option B.
Thank you.
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RE: How is tax on savings calculated?
Hi Jarris Berdris,
You can read how tax is calculated on savings interest, and the reliefs that are available, here:
Tax on savings interest.
Thank you. -
RE: How to pay tax due on savings interest without completing a Self Assessment tax return
Hi Andrew,
Your banks and building societies will inform us automatically of any savings interest accrued.
If any tax is due on these amounts, we will contact you to confirm how to pay online, or through your tax code.
Tax on savings interest
Thank you.