HMRC Admin 25
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RE: Repayment Mortgage Loan interest from overseas bank
Hi Ching Tse,
You can claim this as a relief only as long as it is for the same property.
Please see here:
Work out your rental income when you let property
Thank you. -
RE: Student Loan Paid Off In Current Tax Year
Hi Katherine1737,
You need to select NO to having a student loan.
Thank you
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RE: Do I have to pay tax on money received in my UK bank account after returning to my home country
Hi hamzat0323,
This would be seen as self employment in the country that you return to and is not actually UK earnings.
It is just being paid into a UK bank account. you would not declare it here.
Thank you.
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RE: Historical Capital Gains Loss
Hi jpeachey1974,
If you did not previously advise of this, it is now too late to use.
Capital losses must be reported within 4 tax years of the year it arose. you are now out of this period.
Thank you. -
RE: Transferring personal money to UK
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RE: Calculating partial residence relief
Hi Nicola,
Yes, use a full month.
Thank you. -
RE: Inquiries about tax
Hi
Please refer to guidance here:
Remittance basis 2024 (HS264) Updated 6 April 2024
Shares and Capital Gains Tax (Self Assessment helpsheet HS284)
Thank you -
RE: How to handle double taxation on Shares/RSUs
Hi billynomates,
As the payment is from your employer, the income should be shown in the employment section if it is included in your P60.
You would then claim credit for the Tax in the foreign section under 'Employment, self-employment and other income which you paid foreign tax on'.
If it's not included in your P60, please include it on the box on the employment page for 'Tips and other payments not included on your P60'. ERSM20193 advises that when RSUs payout at the market value on what is called "dividend equivalents" in either cash or shares, such payments will generally be taxed as earnings in the year they are received.
ERSM20193 - Employment-related securities and options: what are securities: RSUs and dividend equivalents
Thank you. -
RE: GT and Charity Donations
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RE: When did my trading allowance exemption cease?
Hi Lydia,
Please put the date as the start of the tax year that you earned over £1000 as this would be when the trading allowance exemption ceased.
Thank you.