HMRC Admin 25 Response

Hi Paul Weller,
You cannot file a Self Assessment tax return online: for a partnership, for a trust or estate, if you lived abroad as a non-resident, to report multiple ‘chargeable gains’, for example from life insurance, if you get income from a trust, you’re a Lloyd’s underwriter or a religious minister.
Instead, you will need to purchase 3rd party commercial tax return, using your government gateway user ID and password or download paper tax returns and supplementary pages instead.
File your Self Assessment tax return online
Thank you. 

Hi Gerry More,
The business name you would declare when registering for a Self Assessment Tax return, is used mainly to identify a different trade, where you have more than one self- employment trade and is for Self Assessment purposes only.
It is not registered in any way and as the letter advising you of your 10 digit UTR number is standardised, it will not show your business name, as the UTR number covers all sources of world-wide income, not just self- employment.
Expenditure  incurred on advertising to establish a market share for a new product or brand may be capital.
An asset of this type is normally developed from scratch in-house although it may occasionally be built up from the acquisition of a struggling brand name or the rights in an invention.
BIM35640 - Capital/revenue divide: intangible assets: expenditure developing a brand name
Thank you. 
 

Hi G Brett,
Yes,  as it is not a social security pension for any country. 
Thank you. 

Hi AJ06 J,
As a joint account it would be seen as 50/50.
For IHT purposes, please refer to:
How Inheritance Tax works: thresholds, rules and allowances

Hi rmb,
You can use the details to match what you have already submitted and then claim Foreign Tax Credit Relief for the tax paid in the USA to set against the UK tax on the same income.
Thank you. 

Hi smil,
As a UK tax resident you would declare your worldwide income even if it is your choice not to bring the funds to the UK. 
Thank you. 

Hi Bill Honiton,
Your son is still classed as a basic rate taxpayer and as the personal allowances cannot be used against Capital Gains Tax, the income would be taxable at 10%.
Thank you. 

Hi sostupid,
It will be taxed on an annual basis.
Thank you. 

Hi martinizme,
Yes, this will be allowable as this will have increased the value.
Thank you. 
 

Hi Mauree n Treadwell,
Thank you for your question.
I am unaware of any change in our view in respect of fire doors.
Simply because an expense is a legal requirement does not necessarily make it an allowable income tax expense.
Fire doors are usually significant improvements on original standard doors and, as such, will be capital expenditure and not allowable against your rental income.
Capital expenses aren’t allowable and can’t be claimed against your rental income, but you should keep records of them as you might be able to set them against Capital Gains Tax if you sell the property in the future.
For further guidance:
Please see:
PIM2030 - Deductions: repairs: is it capital?
Thank you.