HMRC Admin 10 Response
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RE: Working abroad on UK Soveriagn base area- military spouse
Hi
As you are working on sovereign territory you are classed as still being in the UK and will only be liable for UK tax. -
RE: Can a NRL register for an online self-assessment account?
Hi
All the options regarding the verification will be shown when you register for the account.
We don't have information regarding how the address is verified. -
RE: Personal Savings Interest
Hi
You are correct.
It would be the Personal Allowance then the Starting rate and then the Personal Savings Allowance. -
RE: Starting Rate of Saving and Interest Allowance
Hi
You are correct.
Thankyou. -
RE: Sdlt -1st time buyer relief eligibility
Hi
Thank you for your question.
In line with your personal situation on stamp duty, as this forum relates to income from property questions, I would advise to contact the Stamp Duty Land Tax helpline on 0300 200 3510 who should be able to give a more in-depth answer to your query. -
RE: Agents' fees' deduction
Hi
Thank you for your question.
You are referring to the HMRC guidance PIM2120.
Please refer to the prior paragraph in PIM2120 and confirm whether your agents costs are of a revenue nature and incurred in the purposes of the rental business, which if they do are allowable.. -
RE: Income from property
Hi
Thank you for your question.
If the limited company owns the property what ownership rights exist for the director to take the rental income.
Please confirm what the share (if any) they limited company and director have arranged if this is the case and how this has been agreed i.e deed or proper. -
RE: Tax relief for non-resident landlords
Hi
Thank you for your question.
Please refer to:
Deductions: interest: interest paid abroad which advises that the interest deduction is not affected by a customer’s residence status when computing profits and losses of their rental business.
Please note that from 6 April 2020 income tax relief on all residential property finance costs is restricted:
Deductions: interest refers.