HMRC Admin 25 Response

Hi jzchong,
Split year treatment only applies in the year of arrival.
10 April 22, as that is the date of arrival in the UK and applies to both questions.
Thank you. 

Hi Old Geezer,
You would need to identify whether any asset was acquired when you made this payment of £20,000.
Ultimately, a Capital Loss can only be realised upon the disposal of an asset, whether that's a property, shares in an investment company or interest in or right in or over an asset.
You will need to identify what you actually acquired (if anything) and when this asset was disposed of to allow you to identify if any loss arises and when the disposal took place. 
CG12700P - Introduction and computation: occassions of charge: disposal of assets: contents
Thank you. 

Hi msd_tax,
Inheritance Tax: general enquiries
You may also want to review the guidance here:
How Inheritance Tax works: thresholds, rules and allowances
You can give away a total of £3,000 worth of gifts each tax year without them being added to the value of your estate.
This is known as your ‘annual exemption’.
You can give gifts or money up to £3,000 to one person or split the £3,000 between several people.
Thank you. 

Hi Caroline Baldry,
EIM32366, advises "An employee who holds a travelling appointment can deduct all of their business travelling expenses as travel in the performance of the duties of the employment, even where the journey starts from home".
There are other factors that have to be considered, so please read through EIM32366, to confirm that you meed the criteria for claiming expenses from home to offsite meeting.
Please refer to EIM32366 here:
EIM32366 - Travel expenses: travel in the performance of the duties: travelling appointments
Thank you. 
 

Hi Willowmina 23,
You will be entitled to claim for Private Residence Relief, for the period that the property was your main residence, over the period of ownership.  This can be set against any capital gain arising.
As the property will be sold to a connected party, it will not be at 'arms length'.
Where this is the case. the market value of the property is used for capital gains purposes.
Guidance on Private Residence Relief can be found at HS283:
HS283 Private Residence Relief (2023
A calculator for working out the capital gains is available at:
Tax when you sell your home.
Where capital gains tax is payable, you have 60 days to report an pay the Capital Gains Tax.
 You can do this by registering for an online capital gains account:
Report and pay your Capital Gains Tax
Where this is not possible, you can download a capital gains return from:
Report and pay your Capital Gains Tax and submit it within 60 days.
Thank you. 

Hi Roseleen Kelly,
The Money Purchase Annual Allowance (MPAA) is a reduction to the Annual Allowance (AA) for individuals who have flexibly accessed their money purchase pension savings.
As you have not flexibly accessed the pension the annual allowance will not be reduced to the MPAA level.
Your pension provider will be able to advise you on this matter, in relation to the types of pension you have.
Pension Tax Limits
Thank you 

Hi neil groom,
The timescale for the securtiy checks are based on the current position in HMRC.
If you have been advised the current timescale is 10 January 2024 then this would be the date we would need to allow for the checks to be completed, but, they can be completed before then.
If you have an onlne account if you check once the repayment is issued it will show the issue date. 
Thank you. 
 

Hi Mike,
We would need to access your record to review the claim you submitted.
You can contact HMRC at:
Income Tax: general enquiries
Thank you. 

Hi Allotment lady,
If you do not meet the criteria for Self Assessment then your UTR can be closed.
You can check at:
Check if you need to send a Self Assessment tax return
If you contact HMRC we can close your Self Assessment and amend the dividend income figure to the correct amount and then review the 2022/23 tax year through your PAYE records.
Self Assessment: general enquiries
Thank you. 

Hi Geoff Glass,
You would need to have a Personal Tax Account to view your tax code online:
Personal tax account: sign in or set up
Thank you.