HMRC Admin 10 Response
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RE: Can I choose not to apply a Capital Loss ?
Hi
yes, as they are from previous years you can carry them forward until you need them. -
RE: Taxation for Italian residents
Hi Florac
HMRC will not provide your UK income in the January to December format.
We can only provide April to April figures, as supplied by your pension scheme.
Perhaps your pension provider may be able to do this. -
RE: Sending money from abroad to UK account
Hi Depe04
You will need to review the double taxation agreement that the UK has with the country your self employment is undertaken.
You may find that if you are resident in the UK, while undertaking the overseas self employment, that your gross profits are only taxable in the UK. You may need to claim a refund of any overseas tax paid or claim a foreign tax credit in your self assessment tax return.
As a UK resident, you are taxable on your world-wide income.
The tax treaties, can be found at Tax treaties." -
RE: Saving interest receipt of interest and settlement and collection date of tax due.
Hi
The UK banks notify HMRC of the interest received after the end of the tax year to allow a calculaiton to be issued.
If you want to do this quicker, you can notify us direct yourself.
That will allow you to pay when you want. once your interest goes above £10,000 you will need to complete a tax return and pay the tax through self assessment.
If you want the interest removed from your tax code, you will need to be in self assessment even if below the £10k figure. -
RE: Tax deducted using previous surname, 10 years after marriage
Hi
As previously advised, this would need to be taken up with the Trust department. -
RE: Advise on transfer of funds from India to the UK
Hi
There is no cap on the amount of gift that can be given as this is tax free.
However, for Inheritance tax purposes, the limit is £3000 per year so that it is not considered part of the estate.
Any other payments are part of the estate if given within 7 years of death.