HMRC Admin 10 Response
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RE CGT and documents for market value
Hi
Yes these are allowable. -
RE Adjusted Net Income & Stock Options
Hi
As these will be included within your P60 income then yes. -
RE Employment section of the SA form
Hi
You are liable to pay tax on income when you receive that income and not when it is generated / earnt.
For example, if you receive a bonus for the tax year 22/23, but it is paid in the 23/24 year. The 23/24 the tax rules would apply, not those of 22/23.
This means unless you were paid for the work you did between 01/04/24 and 05/04/24 on or before 05/04/24 you do not need to enter it in your 23/24 tax return -
RE Capital Gains Tax
Hi
Based on current guidance yes.We cannot comment on future events as legislation may change. -
RE: How do I report 2023/4 net share losses against CGT liability on a house sold in March 2024?
Hi
If the share loss actually occured prior to the sale of the property then yes, if not, you will need to wait until you complete your tax return. -
RE Online transfer to parents 100K
Hi
There is no UK tax implication on the cash gift, you may however want to check the tax laws of India. -
RE Income tax loss
Hi
Yes you can. -
RE Currency conversion for reporting Capital Gains for US stock
Hi
Number 2 would apply but you can use any rate that is beneficial to you within the particalar tax year of purchase and sale. -
RE Split year treatment for foreign income
Hi
No. It was earned when you were not resident in the UK. -
RE Vehicle Exspense
Hi
No as you have already been using the simplified version to claim expenses.