HMRC Admin 10 Response

Hi
HMRC cannot advise you on your residence as this is for you to determine based on the guidance available.

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Yes they can. For the renovation costs, these must be capital expenditure and you cannot claim for replacing flooring/carpets/decorating and the like.

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You would need to make your wife the beneficial owner of the income from the rental and you would need to do this in writing by submitting a declaration of trust/trust deed. This needs to be signed by both you and your wife and also needs to be witnessed by an independant 3rd party. The declaration must state the address of the properties concerned and the split of beneficial ownership. The claim cannot be applied retrospectively and you should contine to declare the 100% income yourself until you are notified otherwise. The details should be sent to HMRC, PAYE & Self Assessment BX9 1AS.

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Yes please.Give details of when purchased/sold and amounts involved.

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You need to include it on the return but specify by ticking the box on the rental section that you are claiming rent a room relief.

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It is.

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You cannot utilise any losses from shares held in an ISA as these have not been subject to any income tax or capital gains tax.

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Please refer to Tax on foreign income