HMRC Admin 10 Response
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RE: CGT on family home
Hi
You would need to provide your best estimate - please see Capital Gains Manual CG-APP18-250, Section 2.5.3: 2.5.3 Have any of the amounts in this return been estimated? -
RE Transfer money from stocks & shares ISA to cash ISA
Hi
Please see guidance at Individual Savings Accounts (ISAs) -
RE Paying tax on savings interest under £10,000
Hi
If you earn interest over your allowance but under £10,000 and are employed or receive a pension, HMRC will change your tax code so you pay the automatically. The code for the current year will be based on how much interest you had in the previous year.
Further information can be found here: Tax on savings interest -
RE: Split year treatment
Hi
If you qualify for split year then you only report any foreign income for the UK part of the year Residence: The SRT: Split year treatment. 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.
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RE: Capital gain tax expenditure
Hi
Possibly if it is not your main home and not being gifted to a spouse or charity - Capital Gains Tax: what you pay it on, rates and allowances -
RE State Pension and savings
Hi
If your other income (income not from savings and investments) is less than £17,570 you will be eligible for a 'starting rate for savings'. The maximum starting rate for savings is £5000, every pound of other income you have that exceeds your annual Personal Allowance reduces your starting rate for savings.
For example, if your Personal Allowance is £12,570, it will be used up by the first £12,570 of your income.
If the total of your other income is £13,875.68, the remaining £1,305.68 (£13,875.68 minus £12,570) will reduce your starting rate for savings by £1,305.68.
Your remaining starting rate for savings is therefore £3,694.32 (£5,000 minus £1,305.68)
If you go over your allowance and receive a pension or are employed, HMRC will change your tax code so you pay the tax automatically. However, should your income from savings and investments exceed £10,000 you will need to register for Self Assessment.
Please see the guidance here: Tax on savings interest -
RE Split Year Treatment and Tax Residency for 2023/24
Hi
HMRC cannot advise you on your residence as this if for you to determine. If you qualify for split year then you only report any foreign income for the UK part of the year
RDRM12000 - Residence: The SRT: Split year treatment. 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.
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RE PREVIOUS YEARS SA 800 2020/2021
Hi
If you’re sending an SA100 tax return for the 2022 to 2023 tax year or earlier, you are able to get forms from the National Archives.How to complete your tax return for Self Assessment
As the Self Assessment deadline for these tax years has passed, we advise that you send your tax return or payment as soon as possible. You will also have to pay a penalty:
Self Assessment tax returns -
RE Overpaid tax
Hi
If you've have not paid the right amount of tax and are registered for Self Assessment your bill will be adjusted automatically: Tax overpayments and underpayments -
RE: MCI ERROR
Hi
Please see the guidance here:Make a complaint about HMRC