HMRC Admin 10 Response
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RE Offshore Interest
Hi Snowdrop
You can check if you need to send a Self Assessment tax return here: Check if you need to send a Self Assessment tax return -
RE Inheritance Tax and gifting money out of income.
Hi Rainbow
Inheritance Tax is only due when a person's estate is worth over £325,000 when they die, or if the person who died gave away more than £325,000 in gifts in the 7 years before they died. In this scenario the person in receipt of the gift within those 7 years will be liable to pay inheritance tax.
Gifts made in the last 7 years use up the £325,000 tax free allowance first, but if the gifts received are less than the £325,000 inheritance tax free allowance, any unused threshold can then be used by the person who has died's estate.
You can find out more information here: Work out Inheritance Tax due on gifts -
RE P85 once you have left the UK
Hi
If you intend to leave the UK but have not yet left, you must print and post your P85.
You can tell HMRC that you’ve left the UK and want to claim back tax from your UK employment here:
Get your Income Tax right if you're leaving the UK (P85) -
RE: How can I get my tax refund back? Nothing ever happens to my request online?
Hi
If you have already claimed a tax refund, you can check when you can expect a reply here: Check when you can expect a reply from HMRC
If the date provided has already passed then you should contact HMRC either by webchat or phone: Income Tax: general enquiries -
RE Tax Discrepancy between tax return and PAYE
Hi Kin
Unfortunately we are unable to review individual tax records through this forum, if you have a question relating to your personal tax or tax code you should contact our helpline so we can review the information we hold see link:
Income Tax: general enquiries -
RE Tax year rates for capitial gains tax
Hi
This would be entirely dependant on what the government decide to do at the Autumn Budget. -
RE 'Optional' Interest entries??
Hi
You may have both or none of these amounts. If you have none then we could not mandate that an answer be provided. -
RE Claiming for property improvements
Hi
No. you have already received relief by claiming them against rental income. -
RE: Registering as a sole trader when already registered for SA
Hi
Please look here You're already registered for Self Assessment -
RE Offsetting losses from empty BTL for CGT
Hi
No these are not related to the actual sale of the property.