HMRC Admin 25 Response

Hi nick lim,
You do not need to declare this as this was your main home.
Thank you. 
 

Hi Overseas Taxpayer,
You can use spot rates based on certain dates in the tax year if that is easier.
Please see:
Exchange rates from HMRC in CSV and XML format
Thank you. 
 

Hi jan glover bengtsson,
Please refer to:
Tax on your UK income if you live abroad
Thank you. 

 

Hi Bryan,
Please refer to this guidance for completion of the Partnership Tax Return:
Partnership Tax Return Guide
You would only have to register for VAT if you are making supplies  goods in the UK over the £85K threshold, not if the goods are outside the UK.
For Partnership Tax Return form you will need to be make it clear that this isn't UK taxable supplies and therefore would not require VAT registration.
Thank you. 
 

Hi Lev Kundi,
I am sorry to hear that you have not been issued with the correct form.
The quickest way to resolve this would be to make another online application, making sure that you tick all boxes relating to the U1.
Also, if you are asked if you are applying for a statement of National Insurance contributions to claim unemployment benefit abroad, please tick 'YES' to that question too. Alternatively, you can contact our helpline on 0300 200 3500 (+44 19 1203 7010 if calling from abroad) to advise that you have been issued with a statement instead of a U1 certificate.
Lines are open from 8am to 6pm, Monday to Friday
Thank you. 

Hi KuenHK,
Yes you are correct.
The transfer back is not a gift as it is their money.
No tax is due on the transfer of the capital but they may be liable to tax on any interest or dividends that is then generated.
If you qualify for split year then you only report any foreign income for the UK part of the year:
Residence, Domicile and Remittance Basis Manual
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. 
Thank you. 

Hi Esta,
For a valuation from that period, please refer to:
Shares and assets valuations for tax
Thank you. 

 

Hi DiCanio564gf,
Banks will notify HMRC of the interest earned in the year.
For tax year 22 to 23 this will not have been finalised yet for a tax calculation and change in tax code to be issued.
Thank you.

Hi tk96,
Your marriage contract would not count towards a Capital Gains Tax liability in the UK.
As you are the beneficial owner of your share of the asset, you would be chargeable to cCpital Gains Tax on your share.
As there is no charge to tax on the transfer of assets between spouses, you could consider gifting part of your share to your spouse, before the sale of the property.  
This would be a legal matter, which we cannot advise on.
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. 
 

Hi bobisared,
Unfortunately we cannot comment on specific cases via this Forum.
If you wish to claim a refund of Class3 NICs, you will have to write to HMRC at NIC&EO, PT Operations North East England.  BX9 1AN.
Please provide your full personal details and the payment details ie tax year and amount for each year and confirm the reason you are applying for a refund.
Please note that once you apply for a refund, you cannot withdraw it and if you receive a refund you will not be able to pay for that year again in future.
Thank you.