HMRC Admin 25 Response

Hi Patrick57G Gallagher,
Yes. the loss can be off set. 
Thank you. 

 

Hi Eduardo Suarez,
You need to tailor your tax return at section 3 to state you are claiming Foreign Tax Credit Relief on a capital gain rather than normal tax credit relief.
How do I tailor my Self Assessment tax return?
Thank you. 

Hi john,
Your online tax return has a section for capital gains (at the bottome of page 1 of 3 when tailoring your return).
You would complete this section instead of submitting a paper SA108, as this section of the online return is equivalent to a SA108.
You can add your evidence/calculations as an attachment later in the online return.
Thank you. 

Hi MB74 Breen,
Please refer to:
Trusts and taxes
Or contact the helpline here:
Inheritance Tax: general enquiries

 

Hi JimmyD83,
The loss from 22/23 can be carried forward until you need it.
The loss for 23/24 must be used against the 23/24 gain as they are both in the same tax year and in year losses are used first.
To allow the use of any losses, they must be notified to HMRC within 4 tax years of them arising.
Thank you. 

 

Hi judy7777 R,
The 25% refers to the whole pension pot so when you withdraw part of it, only 25% of that withdrawal is tax free. the rest is taxable.
Thank you. 

 

Hi 
Article 17 of the UK / Germany tax treaty covers state pensions:
Germany: tax treaties
When the UK/German tax convention was amended in 2010 it gave the German tax authorities the right to tax social security, what is in effect state pensions in Germany.
As a result the German tax authorities are exercising their right to recover tax that was not previously paid by UK resident individuals on their German state pensions.
The pension should not be declared in a Self Assessment tax return, as it is not taxable in the UK.
You should amend any tax returns 22/23 and 23/24 that include the Germans pension and submit an overpayment relief claim for 20/21 and 21/22 tax years.
For the 2 earlier years 19/20 and 20/21, you will need to make a claim under the MAP procedures as described in article 26 of the treaty.
Thank you. 

Hi charloxton04,
You should receive confirmation of your UTR within 4 weeks of your request.
If you have not received your UTR after 4 weeks, please contact us here
Self Assessment: general enquiries
Thank you. 
 

Hi EH Pottery,
This forum is for general queries only and is intended to help you self-serve.
We are unable to provide specific advice tailored to individual circumstances.
You may wish to contact our Self Assessment helpline or contact our webchat facility here:
Self Assessment: general enquiries
Thank you. 
 

Hi Brian D,
If the combination of your income from your old and new employment exceeded £60,000, then you would not be eligable to receive Child Benefit. Contact us here:
Child Benefit: general enquiries
Thank you.