HMRC Admin 25
-
RE: Tax on interest on long term fixed rate bond
Hi Spencer Lewis,
It should be dividends.
Thank you. -
RE: inform hmrc about moving overseas using self-assessment, or use separate sa109 / p85 forms
Hi deb,
Yes you can use commercial software to file your whole tax return.
Thank you.
-
RE: Gain and losses in day trade for index
Hi Hannah909 Kaan,
This forum is for guidance only, and as you state links are not suitable for you please contact our Self Assessment helpine who can help answer your questions.
Self Assessment: general enquiries
Thank you. -
RE: Remittance Basis - Foreign income from Hong Kong and Singapore
Hi James,
Please refer to guidance here:
Remittance basis 2024 (HS264) Updated 6 April 2024
Thank you. -
RE: First Time paying Tax, earning from a US company.
Hi Ziggy Dickson,
You will class this as self employment and as such treat the income as your turnover.
All income must be declared in sterling in a tax return
Tax on foreign income
Thank you -
RE: Amending Probate
Hi Ngaio
You would need to get a deed of variation and this would need to be done via a solicitor.
Thank you. -
RE: CGT on profit from sale of non-owned property
Hi flowertax,
If you have a trust document showing that you are a beneficial owner of the property then yes you will need to declare this as a resdiential property sale and report/pay within 60 days.
Thank you. -
RE: Timing of Foreign Income & Tax Declaration
Hi SRK1,
As per your link quoted, the root basis is fine for dividends and interest but as the original query did not refer to this, the guidance is clearly stating - Where, however, the foreign income is charged to foreign tax by direct assessment and the basis period for the foreign assessment is different from the UK basis, it may be necessary to apportion the foreign tax.
Many foreign countries adopt the calendar year as their basis period so that, for example, foreign rents of the year ended 5 April 2010 will be charged to foreign tax partly in 2009 and partly in 2010.
Three quarters of the 2009 tax and one quarter of the 2010 tax will be available for credit against the UK tax charged for 2009-10. as such the original reply was correct.
Thank you. -
RE: Deductible Items from calculating the capital gain
Hi ceeebeee1,
Yes,as you would need the title to allow the property to be sold.
Thank you.
-
RE: Registration of capital loss (negligible value)
Hi deathandtaxes21t,
If on your tax return then no official acknowledgement will be issued.
You will be able to view the return from your online account if submitted online to see the figures you submitted.
Thank you.