HMRC Admin 25 Response

Hi cwyu,
Thank you for your question.
I can advise you that you have acted correctly in obtaining a Deed of Trust to show your wife's beneficial interest in the rental property.
A Form 17 would only be required if the rental property is partly owned by yourself and partly by your wife.
f the rental property is solely owned by you then a Form 17 election will not be required. 
Thank you. 

Hi n sal,
The address to write to:
H.M. Revenue and Customs Self Assessment BX9 1AS.
Please provide all the details relevant to your issue. 
Thank you. 
 

Hi Grant Stark,
If showing as direct payment but you meet the criteria to collected through your 2024/25 tax code you will need to contact HMRC to review and update.
Details of how to contact HMRChere:
Self Assessment: general enquiries
Thank you. 
 

Hi Clive Thomas
Community Interest Companies (CICs) are a type of entity designed to exist for the benefit of the community rather than for the benefit of the shareholders.
Guidance available on our website here:
CTM40145 - Particular bodies: clubs: Community Interest companies
Confirms explains that for the purposes of Corporation Tax the CIC is chargeable to tax in the same way as other companies in the normal way.
This confirms there is no specific tax exemptions or reliefs for CICs.
As such you need to consider the ordinary principles on amounts received.
Generally voluntary amounts received by a company would be taxable as income if it is a receipt of the trade that is revenue in nature.
As these items are sold by the business to meet these criteria.
We would ordinarily expect the value of the donation to be included in the profit in the year the donations are received, however this amount would be an allowable expense when the items are sold.
You may wish to consult with your accountant or adviser regarding this when completing your tax return.
Thank you. 
 

Hi mayahidajat,
Please refer to:
Understand your Self Assessment tax bill
Thank you. 

Hi Pinks,
The default split between spouses and civil partners is 50/50 on jointly owned property.
Form 17 allows the option to change the split to that of the beneficial ownership of the property.
The property income and the expenses incurred, are either split 50/50 or in the other unequal split as claimed on form 17.
Thank you, 
 

Hi Emma,
Advice on working out net pay can be found here Personal Allowances:
Personal Allowances: adjusted net income
Overtime will be included as this is taxable pay.
As you have mentioned the £50,000 threshold I am assuming you are considering if you need to pay the Higher Income Child Benefit Charge.
I contacted our Child Benefit team and this was their advice:
We can only point you to the guidance on line and the calculator to input income and establish if the charge is payable we can’t make this decision for you.
For Child Benefit you need to opt in or out.
If they opt in and a Charge is payable you will need to do a Self Assessment tax return.
If you need to know more about Allowable deductions you will need to review the guidance here:
High Income Child Benefit Charge
Here is the guidance and calculaor link:
How the charge works
Thank you. 

 

Hi njbaum83,
The authorities in Switzerland will be responsible for deciding which country you will be liable to pay National Insurance contributions.
If they have already decided that you are liable to pay in Switzerland for those 2 months, they will have provided you with a certificate to confirm this and you will not pay National Insurance contributions in the UK.
Please contact the authorities in Switzerland if you require further confirmation.
Thank you. 
 

Hi lemonpress,
The Pension Service will advise the tax years to pay voluntary National Insurance contributions to improve your State Pension entitlement as paying some tax years will not improve it.
Please see contact details here:
Contact the Pension Service
Thank you, 

 

Hi HeatOfTheMoment,
HMRC cannot comment on future events as legislation/plans may change.
Thank you.