HMRC Admin 10 Response
-
RE: Capital loss with capital gain
Hi
If you dispose of share(s) and the total gain arising from the disposal is below £3000, you do not neet to report the disposal or the gain. -
RE: Is the Statutory Residence Test 100% definitive?
HI
We cannot comment on scenarios. The statutory residence test is definitive. You will need to seek professional advice if you want an answer to claim 1 or claim 2. -
RE: selling on ebay
Hi
We cannot comment on scenarios. We can only provide capital gains guidance, through links, so that you can make an informed decision. -
RE Tax residence and savings before becoming a resident
Hi
As long as your savings ocurred out of income arising in tax years you were not resident in the UK, then savings would not be taxable. Any interest the savings accrue will be tax able and should be declared. -
RE: Overseas withdrawal from SIPP
Hi
A DT individual can be used to declare multiple pension sources including state pension on the one form. It is only where a new pension source commences, that has not previously been declared before, will a further DT individual be required. -
RE CGT on property transfer - what can I deduct
Hi
Yes, the cost of creating/completing the extension, provided you have evidence, will be an allowable cost.
-
RE CGT on property transfer - what can I deduct
Hi
Yes, the cost of creating/completing the extension. provided you have evidence, will be an allowable cost. -
RE Transitional Tax Free Amount Certificates Calculation
Hi
Please refer to the additional guidance at PTM174100 AND PTM17200. -
RE Selling RSUs what tax will I pay?
Hi
As the shares have already vested, when you sell them, any increase in value will be classed as a capital gain and taxed based on the gain made and your level of income. -
RE: Taking it all in cash request - Less than £4000
Hi
You can show this as other earned income.