HMRC Admin 25 Response

Hi Hock Chua,
You can find out when you can expect to receive a reply form HMRC here:
Check when you can expect a reply from HMRC
You can still contact HMRC direct to issue a paper SA200:
Self Assessment: general enquiries
You can check if you meet Self Assessment criteria here:
Check if you need to send a Self Assessment tax return
Thank you. 

Hi nr9246,
When it relates to CGT tax UK domiciled ETS's are treated the same as as other investments like stocks & shares
The gains from the sale of these ETF's including from an accumulating one to a distributing ETF are subject to CGT if the gain exceeds the Annual Exemption Allowance.
Thank you. 

Hi StrangerH,
The transfer of the property to the company would be regarded as a disposal.
A Ltd company is treated as any entity in its own right.
There would be a deemed disposal of the property by the you and CGTPPD may apply if there is a gain and liability due.
However, you may consider a claim to relief if appropriate.
TCGA92/S162 Transfer of a business to a company,
Please  see CG65700
CG65700 - Transfer of a business to a company: introduction and interaction with other reliefs
Onwards and HS276:
HS276 Incorporation Relief (2024) Roll-over relief on transfer of a business
Or Gift Holdover Relief
CG66450 onwards and HS295:
HS295 Relief for gifts and similar transactions (2024)
CGTPPD return will not be required if nil liability arises, but entry on Self Assessment tax return and claim for the relief will be required. 
Thank you.

 

Hi hellogoodmorning,
Please refer to guidance here:
HS265 Offshore funds
 

Hi Jamie Rooney.
You will need to work out if there is tax payable on that disposal, using UK capital gains rules.
There is a capital gains calculator here:
Tax when you sell your home
To help you with this.
All of the values should be declared in pounds sterling, so you will need to convert the Euro to sterling.
Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal.
For your convenience, there are exchange rates here:
Exchange rates from HMRC in CSV and XML format
You are free to use any of the supplied rates or one of your own choosing.
You will also be able to claim Private Residence Relief for the period that the property was your main residence. 
HS283 Private Residence Relief (2024)

Hi GDC4321,
We are unable to review personal matters in this forum.
For an answer to a personal question of this nature, you would need to contact our Self Assesment helpline;
Self Assessment: general enquiries
Thank you. 
 

Hi 2.37018E+11,
Once you access your QROPs pension, your first payment will trigger the rules for money purchase annual allowance, which is £10000 in 2024 to 2025.
Reducing the money purchase annual allowance

Hi Zsharif,
No, this is not income, so there is no tax liability.
Thank you. 

Hi Lily,
Sorry but we cannot advise on this matter.
You would need to speak to a financial adviser on the pros and cons of joining the pension scheme.
Thank you. 

Hi Bobmoore,
You will need to have a look at the tax treaty that exists between the UK and Canada and review article 17 relating to pensions.
It confirms that your Canadian pension and State Pension are taxable only in the UK.
You will have to complete a Self Assessment tax return every year to declare these foreign pensions.
1978 Canada/UK Double Taxation Convention
Thank you.