HMRC Admin 25 Response

Hi Nyk Myw,
She may be as she is been a a legal owner .
Please see here:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. 

Hi NapNel1799,
You can check if you need to pay tax on this migration here:
Check if you need to pay tax when you sell cryptoassets
Thank you. 

Hi VJad,
Your savings would be treated as capital and would not be taxable.
Any interest arising from your savings is taxable in the UK and should be declared in a Self Assessment tax return, even if tax is paid in the other country.
Thank you. 

 

Hi Clare,
The event hire costs are separate from the travel costs and can be claimed as an expense.
Travel costs are much more complex.
Please have a look at the guidance here:
BIM37620 - Wholly and exclusively: duality of, or non-trade, purpose: travel costs: to and between sites
Onwards for more information.
Thank you. 
 

Hi Jan,
Capital gains tax and Inheritance Tax are totally separate from one another.
There is no Capital Gains Tax on the transfer of assets from a between married couples and also civil partners.
On the death of a spouse or civil partner, their assets transfer to the surviving spouse or civil partner and no Capital Gain Tax is payable on the transfer.
If the surviving spouse or civil partner then dispsoses of the assets at a later date, they may have Capital Gains Tax to pay at that time.
Thank you. 

Hi Cus-chisean,
Yes, they can request this. 
Thank you. 

Hi David,
If their garden meets the requirement to qualify then no.
They should refer to:
HS283 Private Residence Relief (2024)
Thank you. 

Hi Erin Lee,
If your business has started trading, register as a sole trader here:
Set up as a sole trader: step by step
When the tax year ends in April 2025, we will automatically request you file a 24/25 tax return.
Thank you. 

Hi hazel C,
The split year will apply for 24/25.
If you no longer need to complete a return for 23/24, you will need to tell us to get it cancelled.
Please contact us here:
Self Assessment: general enquiries
Thank you. 

Hi jamesrhatty,
Unless it is in your contract then no.
You can conatct ACAS for further guidance regarding Employment Law.
Acas
Thank you.