HMRC Admin 25 Response

Hi Ciaran Murdoch,
If you can see the payment on your online account, you may have enough information about that payment for us to trace it for you.
Your wife can contact us by webchat or post here:
Income Tax: general enquiries
For us to access her record and begin tracing the payment. 
Thank you. 

Hi TeaJay92,
No. The transfer from one bank account to another is not part of the disposal of the property, but a transaction after the disposal of the property. Please have a look at CG78320:
CG78320 - Foreign currency: foreign currency bank accounts - introduction
Thank you. 

 

Hi TeaJay92,
No, the only deductions allowed are the incidental costs of acquisition and disposal.
Please have a look here:
CG15250 - Expenditure: incidental costs of acquisition and disposal
Thank you. 

Hi Ari Silver,
As we are still awaiting draft legislation on any changes to FHL taxation / reliefs and that we can’t provide financial planning advice.
For advice on FHLs please refer to:
HS253 Furnished holiday lettings (2024)
For BADR helpsheet HS275:
HS275 Business Asset Disposal Relief
And for holdover relief helpsheet HS295:
HS295 Relief for gifts and similar transactions (2024)
Thank you. 

Hi Nelly070,
As you are married, you have the choice of splitting the gain 50:50 or 99:1 when calculating Capital Gains Tax.
There is a calculator here:
Tax when you sell property
Both of you should use the calculator to work out your respective gain.
If the calculation reveals that there is no tax payable by an individual, then that individual does not need to report their gain, they can keep a copy of their calculation for future reference.
If a capital gain is payable, then you can follow on from the calculator to register for a capital gains account to report and pay the Capital Gains Tax due.
Thank you. 

Hi Javier Gonzalez,
You are correct.
Thank you. 

Hi John Howell,
You should be able to recover your user ID and password using the links here:
HMRC online services: sign in or set up an account
Thank you. 

Hi Camilla Loomes,
According to article 18 of the DTA, a lump sum payment derived  from a pension scheme established in a Contracting State and beneficially owned by a resident of the other Contracting State shall be taxable only in the first-mentioned State.
If you meet these conditions then it is only taxable in Switzerland.
Thank you. 

Hi Roger Williams,
No, government pensions remain liable in the UK unless you are a National and a resident of Germany.
Thank you. 

Hi Erica Bithell,
We are sorry for the issues you've experienced in completing your mother's return.
In this case, please enter your mother's name, and your mother's addres.
Any letters will still be sent to your address as you are nominated on her record to receive them.
Thank you.