HMRC Admin 25 Response

Hi pilot110,
You are requesting answers to hypothetical or tax planning questions, unfortunatlely we are unable to respond to hypothetical questions you will need to write in with the specifics of the company or alternatively seek the services of Professional Tax Advisor.
Thank you. 

Hi Jacob Green,
You may wish to write to us with the details of your company name, Company registration number or Unique Tax payers reference (UTR)  to allow us to ensure that we do not object to your strike off application.
Please write in to:
Corporation Tax Services
HMRC
BX9 1AX
Thank you. 

Hi Kaushal Tak,
You may wish to write to us with the details of your company name, Company registration number or Unique Tax payers reference (UTR)  to allow us to ensure that we do not object to your strike off application
Please write in to:
Corporation Tax Services
HMRC
BX9 1AX


 

Hi Harry Rollerson,
We refer you to our previous response and the guidance link provided.
If you are unable to ascertain your position from that guidance then, this is a matter for Self Assessment.
It is for the directors to determine the correct tax position, with help from a professional tax accountant as appropriate.  
Thank you. 

Hi TeaJay92,
If you are required to complete a tax return, you can do so online via your personal tax account.
Paper tax returns can be obtained from:
Self Assessment tax return forms.
If you have declared your capital gains using the online servies, you can amend them before you submit your tax return.
Once your tax return is processed, you can only amend your capital gains through your tax return.
Thank you. 

Hi Lam,
If you're having trouble registering for self employment online, contact us by webchat or phone here and we can help:
Self Assessment: general enquiries
Thank you. 

Hi Clivechaf Chafer,
Yes, he will be liable to capital gains on his share if being sold for more than he paid as it has not been his only or main residence.
Any tax due will be when the deed is signed as this is classed as the sale.
As you are paying in instalments, he can ask for deferred consideration to pay any capital gains that may be due.
Please see:
CG14881 - Deferred consideration: what is ascertainable
Thank you. 
 

Hi AshB,
As sold for less than the 'probate' value then no capital gains are due.
If your share of the value of the property was more than £50,000 then it still needs to be reported.
Thank you. 
 

Hi Marduk,
Please refer to guidance  here:
Selling online and paying taxes - information sheet
Thank you. 

Hi Gill Fuller,
It will be the first date that you use as this is when you fist acquired the property (or the share of the property).
Thank you.