HMRC Admin 10 Response
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Unable to verify the gateway ID & unable to get the UTR
Hi
The current timescale for paper SA1 forms to be processed is 6 weeks.
If you don't receive a UTR within the next 3 weeks please resend the form. -
RE: Collectors Item
Hi
We cannot comment on any form of calculation/example or scenario, whether fact or fiction.
We can only point you the direction of the guidance, so that you can review the guidance and to allow you to make an informed decision.
If, after that you still need advice, you need to employ the services of a financial adviser.
Capital Gains Tax on personal possessions: Work out your gain - GOV.UK (www.gov.uk)
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RE: Personal tax account and UTR
Hi
Yes, the UTR will show online before you receive the letter. -
RE: Deed of Assignment - Capital Gains Tax
Hi
Please see Capital Gains Tax: what you pay it on, rates and allowances: Gifts to your spouse or charity - GOV.UK (www.gov.uk).
This special rule only applies to spouses, civil partners or charities.
If you dispose of your property then the normal Capital Gains rules will apply.
Please note you should contact the Inheritance Helpline on 0300 123 1072 for assistance with your query regarding inheritance as we do not deal with inheritance queries on this Forum. -
RE: Taxation of UK rental income for Italian citizen under 7% flat rate tax agreement
Hi
From an HMRC perspective, your UK property income would continue to be taxed at the appropriate marginal rate (in your case 20%).
For details of the tax relief available from the Italian tax authorities under the new '7% flat tax' regime ( a 'substitute tax', to which the normal Double Taxation relief rules may not apply), please contact the Agenzia delle Entrate (Italian Revenue Agency).