HMRC Admin 25
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RE:Foreign Currency Exchange Rate - Pls kindly tell me
Hi KF@2023,
Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal.
You are free to use any of the three rate HMRC provides, or you can use a rate obtained elsewhere, such as a newpaper or the London Stock Exchange.
Thank you.
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RE: Tax on moving money from sale of home overseas to the UK
Hi Tina Starling,
If it is your main residence and has been for the whole period of ownership, no capital gain would be due.
Thank you. -
RE: Still confused over travel expenses
Hi Kat21,
We can only provide guidance in this forum.
For a definitive answer, please telephone 0300 200 3300.
Thank you. -
RE: Remittance basis
Hi TC_UK,
This is for you to confirm based on the guidance available.
Further information is available at:
Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you. -
RE:CGT on house transfer
Hi howard rowley,
You will need to obtain 3 valuations to take an average and then have your 20% of it to work out your gain.
You can only claim 20% of the stamp duty and other relevant expenses.
Thank you.
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RE: How to report capital gains losses for previous years
Hi Taxpayer402,
You might want to send your computations by post too in event you still have some unused losses to carry forward.
Thank you,
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RE:Carry over pension contribution allowance
Hi Shades of Blue,
The relieved contributions are only up to your level of relevant earnings which you say is about 79k so any pension payment made above this will not receive any tax relief.
The excess figure you are referring to is to ensure that you do not pay the pension tax charge. any unused amount can only be carried forward for 3 years.
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RE:proof letter/certificate
Hi Tom Huruk,
You would need to contact the Department of Work & Pensions with regard to your enquiry.
Department for Work & Pensions
Thank you.
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RE:Impact of Energy Bill Relief Scheme on claiming expenses for self employed
Hi MarcoC,
You would declare the expense based on the amount you paid.
Thank you.
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RE:Oversea wage after moving to UK
Hi Ka Chow,
As you have not stated what country, this cannot be confirmed as it depends on the double taxation agreement.
Thank you.