HMRC Admin 25 Response
-
RE: CGT when gifting property to adult child (child's main residence)
Hi HMBTRFM,
Yes, you will still be liable to Capital Gains Tax if it has not been your main residence since 'purchase'.
Giving it as a gift is only tax free when it is a spouse/partner
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. -
RE: Money transfer
Hi Trosten.Gudil,
Based on your information you appear to be UK citizen so yes you can transfer the capital to a UK bank and it is then only any interest or dividends that this then generates that will be taxable.
The remittance basis would only appy if you are resident but non domicile and this then has different rules.
Remittance basis 2023 (HS264)
Thank you. -
RE: Lodgers private residence relief -lodgers
-
RE: Non-repayable tax
Hi SummerT,
You will need to contact us to give your personal details in order for this to be looked at and corrected
Please telephone 0300 200 3300.
Thank you
-
RE:Tax-code (number) not factored into self-assessment calculation
Hi Colin,
Online will only show you the code, it doesn't provide a breakdown.
If you don't have a paper coding notice which shows the breakdown you will need to contact us to request the breakdown of the code
Income Tax: general enquiries
Thank you. -
RE: Savings Income
Hi Joanne Platt,
If you have received a Simple Assessment calculation and are unsure why this has been generated you will need to contact our helpline to discuss this:
Income Tax: general enquiries
Thank you. -
Declaring UK/Foreign Employment Income as Non-UK Tax Resident
Hi Andrew Smith,
you need to declare all the employment income on the employment page and then claim relief for the foreign part as a deduction:
Additional information Tax year 6 April 2022 to 5 April 2023 (2022–23) .
Its not on the actual foreign page.
Thank you.
-
RE:Gift of half house Dad (deceased mum) 1994? - how to calculate capital gains
Hi Hamish Down,
Your father will not be liable as it is his main residence.
You will be able to claim private residence relief for 1994-2010.
1994 is the start date as this is when you 'acquired' the property.
You will need to obtain a valuation from 1994 and this can be done via local estate agents.
You will need three to then take an average.
Alterntively you can ask HMRC to do this:
Post transaction valuation checks for Capital Gains (CG34)
For private resdience relief refer to:
Private Residence Relief (Self Assessment helpsheet HS283)
Thank you.
-
P60 not recognising pension contributions
Hi markyB81,
You should please confirm with payroll that the P60 figure is without the pension contributions deducted.
Thank you.
-
RE: 1291L Tax code
Hi khanm7 khan,
We wouldn't be able to advise of the breakdown as we can't access your record from this forum.
You will need to please contact our helpline again so that we can view the code
Income Tax: general enquiries
Thank you.