HMRC Admin 25 Response
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RE: RSU Tax Withholding is not included on P60
Hi Veronica Moschetta,
As the payment is from your employer, the income should be shown in the employment section (SA102)if it is included in your P60:
Self Assessment: Employment (SA102).
You would then claim credit for the Tax in the foreign section under 'Employment, self-employment and other income which you paid foreign tax on' boxes A to F (page F6 of SA106) and a foreign tax credit on box 2 of SA106
Self Assessment: Foreign (SA106)
Thank you.
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RE: Foreign Pensions - Double Tax Agreements
Hi Jon Carter,
No, HMRC does not hold information of this nature.
You would need to contact the pension provider for this information.
Thank you. -
RE: Income Tax on updated past Pension Payments
Hi Alvin Lee,
If it is beneficial to you to have the payments backdated, we will go back to the first year the payment refers to.
Thank you. -
RE:Casual income
Hi volley liu,
As this would be classed as self employment and covered by the trading allowance you do not need to declare this.
Please see guidance here:
Tax-free allowances on property and trading income
Thank you.
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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,