HMRC Admin 10 Response

Hi
If you live for 7 years after gifting the crypto, then there is no inheritance tax arising on this gift.  Your son would work out if there is a capital gain at the time he disposes of the crypto, using the market value of the crypto at the time it was gifted to him.  You would work out the difference betwees what your acquired the crypto for and the market value of the gift at the time of disposal, minus costs.  You would pay capital gains tax after the annual exempt allowance is applied.  Any gain would be reported either using the online service or in a self assessment tax return.
If you die within the 7 year window, the market value of the gift is added to your estate to allow the calcualtion of inheritance tax.

Hi
The tax treaty between the UK and Austria, allows HMRC to have the first opportunity to tax your UK rental property income.  The gross profit and expenses are declared in a self assessment tax return on the supplementary page SA105.  As you are not resident in the UK, you have to declare that you are not resident, on the supplementary page SA109 and being a UK citizen, you can claim personal allowances (no matter where in the world you live) by completing boxes 16 and 17.  As Austria will have the rights to tax your world wide income, you will be required to declare your UK residential property income and expenses, as well as any UK tax payable.  You will be able to claim a tax credit for any UK tax paid, to avoid double taxation.  The HMRC online tax return does not support claims for non residence.  You will have to submit a paper tax return, by printing of the tax return and relevant supplementary pages at Self Assessment tax return forms.  Or if you are able to verify your identity and obtain a government gateway user ID and password, you can buy a commercial tax return that includes the residency section from the list of providers at Self Assessment commercial software suppliers.  You complete their return and submit it using the gateway user ID an password.  If you cannot verify your indentity to get this ID and password, you only option is the paper tax return.

Hi Omolove
This is normal practice for employers to pay their employees in arrears.  There is nothing to worry about.

Hi Chris L
The action to take, depends on what was disposed of.  Was it personal possessions, such as jewellery, paintings, antiques, coins and stamps, sets of things, eg matching vases or chessmen (this list is not exhaustive).  If you disopose of of a personal possession for more than £6000, you may need to pay tax on it.  Have a look at Capital Gains Tax on personal possessions.  If you sold stock you have purchased, with the intention to sell online, then this is trading.  If your gross turnover exceeds £1000.00, then you will need to registed for self assessment as self employed.

Hi
On the SA100, you would enter the gross figure (your payment into the pension scheme plus 20% claimed by the pension provider) in box 1 of page TR4 in SA100.  When tailoring your online tax return, please navigate to page 3 of 3 and tick yes to "Did you make contributions towards a personal pension or retirement annuity? This does not include payments you make to your employer's pension scheme, which are deducted from your pay" and save and continue.  In the new section "Personal pensions and retirement annuities", enter your gross figure in the box "Payments to registered pension schemes (also known as PPR) where basic rate tax relief will be claimed by your pension provider (called 'relief at source'). Enter the payments and basic rate tax".

Hi
That is correct.

Hi
If only started after 6/4/23, your first return is not due until 31/1/25.

Hi
Round up .

Hi,

You can find guidance here:

PIM2025 - Deductions: repairs: overview
BIM46901 - Specific deductions: repairs and renewals: overview

Thank you.

Hi
This is when a property is owned by one person/couple but they want all income generated form it to be taxable on another - Declare beneficial interests in joint property and income