HMRC Admin 25 Response

Hi carrick,
Please see the guidance on selling overseas property here: 
Tax when you sell property
We are unable to provide specific advice tailored to individual circumstances however you may be able to claim relief if you are being taxed twice.
Thank you. 

Hi Elaine,
This would be dependant on your bank.
If you find you are unable to cash your cheque abroad, then we can send a replacement cheque to a nominee, who you appoint and who has a UK bank account.  
Contact us by webchat or phone here:
Income Tax: general enquiries
To allow us to do this.
Thank you. 

 

Hi 
Unfortunately, it is not possible to check individual tax records through this forum.
If you have a question which relates to your personal tax situation or tax code please contact our helpline:
Income Tax: general enquiries
On this page you will also see a link to personal tax account.
Sign in or set up which may be the quickest way to review information relating to pay and tax history, tax codes and how to change them.
Thank you. 

Hi Joe,
When your mother in law passed away, her share of the trust became part of her husbands assets.
As there is no Capital Gains tax liability on the transfer of assets between husband and wife, it means that the full gain from the disposal is your father in laws to declare.
The annual exempt allowance in the tax year 2023 to 2024 id £6000.
Please have a look at:
Trusts and Capital Gains: work out your tax
Thank you. 



 

Hi VM Lee,
The date to value the property is the date that the owner died.
From that date, the property either becomes part of the deceased's estate or if named in a will, the property becomes the beneficiaries.
Thank you. 

 

Hi kary,
Income from unauthorised unit trusts is taxed under income.
It is declared in box 17 'Other taxable income' of SA100 (tax return) page TR3.
Authorised unit trusts are taxed as dividends.
This is declared in box 5 'Other dividends - the amount received' of SA100 page TR3.
The online tax return will have boxes with the same name.
Thank you. 

Hi David,
Please see this link for guidance:
Who must send a tax return
Thank you. 

 

Hi annac,
Please see previous post:
Newly self-employed on top of PAYE
Thank you. 

 

Hi Nik29,
Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value.
As it is not your main residence and if the value of the property has increased since you first acquired it, it is likely that CGT will be due.
More information can be found here:
Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. As it is not your main residence and if the value of the property has increased since you first acquired it, it is likely that CGT will be due - more information can be found here: Capital Gains Tax: what you pay it on, rates and allowances
Thank you. 

 

Hi carole,
You get a Unique Taxpayer Reference (UTR) when you:
-register for Self Assessment
-set up a limited company
You can find more information here:
Check how to register for Self Assessment
Thank you.