HMRC Admin 25 Response

Hi Rcarde,
If you are a UK resident and have overseas interest, which will be taxable in the UK, you can contact HMRC and request a certificate of residence to present to the country in question, provided there is a tax treaty between both countries.
Have a look here:
How to apply for a certificate of residence to claim tax relief abroad
Thank you. 

Hi Stuart McKinnon-Evans,
No, the probate figure is approved by the courts so must be used.
If the figure declared on the probate is too low, you would need to have the probate amended.
We cannot advise you how to do this, as it is a legal matter.
Thank you. 

 

Hi Charles,
We cannot comment on scenarios, 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 or seek professional advice.
Thank you. 

Hi Charles,
We cannot comment on scenarios, 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 or seek professional advice.
Thank you. 

Hi Greg Simmonds,
You would be entitled to claim Private Residence Relief for the period that the property was your main residence, so that Capital Gains Tax is not charged for that period.
The period that you rent the property out for, does not qualify for Private Residence Relief, so Capital Gains Tax may be payable.
Please have a look here for more information:
HS283 Private Residence Relief (2024) Updated 6 April 2024
Thank you. 

Hi Nella,
It does not matter who deposited the capital into the account, once it is in the account, it generates interest in the childs name and it is this interest that is taxable.
Thank you. 

Hi Malcolm Good,
As the bonus will be paid in May which is the 2nd tax month of the 2024/25 tax year then you will pay some tax at 40%.
After you receive your P45 from your employer you can submit a form P50 to review for a repayment:
Claim back Income Tax when you've stopped working (P50)
Thank you. 

Hi Dotty,
If you have a trading name now then yes you will need to notify HMRC:
Self Assessment: general enquiries
Thank you. 

Hi Matthew Brown,
As the timescale has passed to amend online you will need to submit the amendment in writing to review:
Self Assessment tax returns
Thank you. 

 

Hi malcba,
Yes, that is correct ISA's are not included. 
Thank you.