HMRC Admin 25 Response
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RE: whether SIPP contribution will be exempted from income tax
Hi YY WONG,
No, you still show the full income earned but also declare the SIPP contribtion as pension payments.
Thank you. -
RE: Capital Gains on Accumulation Fund when XD Date is in different Tax Year from Payment Date
Hi eddyglowe,
Please have a look at the guidance at CG14250, to determine the tax year in which the disposal arises.
This will determine the tax year and not the date the payment recieved.
CG14250 - Computation: Computation: date of disposal: importance and how to determine the date of disposal
Thank you. -
RE: cash gift
Hi Elle
Any future profit would have no bearing on your initial 3k gift and no IHT would be due as you are allowed to give 3k pe year without it being part of the estate.
Thank you. -
RE: Sold overseas property at loss. Do I have to report sale at loss?
Hi egoz,
If you do not have any future capital gains in which the loss can be set against then no.
If you do wish to report it at a later date, it must be done within 4 years from the tax year in which it arose in order for you to use it.
Thank you.
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RE: Foreign Employment and remote work in the UK and ISA saving income source
Hi Dixon So,
You wil need to register for Self Assessment to declare the income from your employment in Hong Kong from the date you arrived.
Tax on foreign income
Thank you.
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RE: Non-Residents with Marriage Allowance & bank interest income
Hi ipc,
If she now needs this, then there is no financial benefit to the transfer:
Please see here:
Marriage Allowance
Thank you.
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RE: Part time second job tax
Hi chris F,
Contact HMRC
This will give the different contact phone numbers.
If you select Ask HMRC online on the link this will allow you to webchat.
Thank you. -
RE: Flexible ISA
Hi d g,
Yes, this can be done.
Thank you.
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RE:CGT Exempt Allowances on House Sale
Hi Dunford1990,
Please refer to guidance here:
Dealing with the estate of someone who's died
Thank you.
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RE: P85 for past years
Hi uktospain23,
In this case, if you contact HMRC we can access your record to check on the P85 and also advise regarding double taxation.
You can contact HMRC here:
Income Tax: general enquiries
Thank you.