HMRC Admin 25 Response

Hi Catherine Knight,
This is the equivelant of Stamp Duty Land Tax and would therefore be allowable as an expense.
Thank you. 

Hi Lorraine Ames,
Please refer to:
Trusts and taxes
Or contact the Trust helpline on 0300 123 1072.
Thank you. 


 

Hi PF340,
Please refer to:
RDRM11500 - Residence: The SRT: The ties tests: Contents
Thank you. 

Hi Sharon2,
Double taxation claims have a 5-6 week turn around at present.
Thank you. 

Hi Ella B,
If you are UK tax resident and domicile you are liable on your worldwide income unless there is an exemption with the double taxation treaty.
If claiming the remittance basis, you only declare the income if you actually remit any of it to the UK.
Remittance basis 2022 (HS264)
You therefore need to determine your residence in order to confirm whether the pension is taxable or not under the terms of the treaty with Turkey
Thank you. 

Hi Dave Newman,
You would need to check to see if your scheme matches any of the ones at:
Tax and Employee Share Schemes
Thank you. 

Hi Shearon Garrett,
There shouldn't be and you will therefore need to go back to the solicitor.
Thank you. 

Hi Doug,
1. UK residential property sales must be reported and paid within 60 days using the new property disposal return when there is tax due to be paid.
If the gain is below the annual exempt amount and no tax is due you do not need to report it.
The exception to this is when the actual Self Assessment tax return is filed within 60 days of the property disposal.
 2. n/a  
You can still submit the PPD form rather than the tax return as there is a section within it to claim capital losses in order to reduce any capital gain due.
Thank you. 
 

Hi ostefano,
You would need to make that clarification on the tax return to ensure the relief was given.
Thank you. 

Hi Wal62asking,
It will be from when your name was added.
Thank you.