HMRC Admin 25 Response

Hi MarcoC,
It will be after the discount.
Thank you. 

 

Hi Shades of Blue,
Further information is required to give a definitive answer on this and as such you should telephone 0300 200 3300 or contact us via webchat to go through the personal circumstances of the case.
Thank you. 

 

Hi Shades of Blue,
If the 2nd payment is made direct by you, you need to inform HMRC that you have done this.
For payments over £10,000 you need to supply written evidence of the payment and send this to:
HMRC, PAYE & Self Assessment BX9 1AS.
The maximum amount depends on what your salary sacrifice payment is.
You may therefore want to discuss this with a financial advise.
Thank you. 
 

Hi Norse Dog,
Yes, you can claim these against the rental income and should therefore be included in the income from property section of your return -
PIM2120 - Deductions: main types of expense: legal and professional costs
Thank you. 
 

Hi wk yeung,
If you qualify for split year then you only report any foreign income for the UK part of the year:
RDRM12000 - Residence: The SRT: Split year treatment: Contents
If you do not qualify then you will need to report all your foreign income to the UK:
Tax on foreign income
The guidance at RDRM12150 at www.gov.uk will help you work out if split year treatment applies.
For your income from Hong Kong, under the terms of the double taxation treaty, as the work was done there, it is only taxable there so you don't need to declare.
Your residence is for you to determine based on the guidance available.
Thank you. 

 

  

Hi Kevin Hester,
Yes,you will claim the relief through your tax return at the reliefs section under - Payments to a retirement annuity contract where basic 
rate tax relief will not be claimed by your provider.
Thank you. 

Hi Matt
If you don't already complete a tax return, you can report it using the real time service.
Report and pay your Capital Gains Tax
Thank you. 

Hi Rob Phipps,
The definition of residential property for the purposes of TCGA para 2 is taken from the Non-Resident CGT A disposal of a residential property can apply if;
The land has at any time in the relevant ownership period consisted of or included a dwelling, or
The interest in UK land subsists for the benefit of land that has at any time in the relevant ownership period consisted of or included a dwelling, or
The interest in UK land subsists under a contract for an off plan purchase (a contract for acquisition of land that at some point shall involve a dwelling).                                                                                                                                                                                                                                 If the land you are selling doesnt meet all the criteria above then it is non residential and would qualify for the 10/20% rate.
Thank you. 

Hi Paul Weller,
As this would be a change in circumstances, you now meet the criteria for a tax return.
If you complete online, you can do this after 6/4/24.
If you file by paper, you should contact HMRC to have your record updated to ensure the return for 23/24 is issued on time.
Thank you. 
 

Hi Anne Perceval,
Where an individual acquires a second property or more, they have 4 years, in which to advise HMRC which property will be treated as their main residence for capital gains purposes.
Where there is no notification in the permitted time period, then HMRC will make a decision on the main residence, based soley on the facts of the case.  
This does not prevent you from claiming Private Residence Relief and your Capital Gains Tax calculation.
Should HMRC make an enquiry into your tax return, they may agree your claim or reject it, depending on the facts of your case.
Thank you.