samuelkfp2000

I had a charity donation with gift aid in financial year 2023/24. I am in basic rate in 2023/24 and higher rate in 2024/25. Can I increase financial year 224/25 basic rate limit by using previous year 2023/24 charity donation?

I was contributing to the work place pension provided by my employer. The monthly pensions contribution amount was directly deducted from my monthly salary pay. I did not use up the pension annual allowance in last year. I am over contributing to work place pension in this year and would like to use the unused pension annual allowance of last year to cover the over contributions of this year. Do I need to input any information in self assessment form to reflect that I make use the unused annual allowance of last year?

Hi, I have applied successfully the marriage allowance to transfer tax relief to my spouse for 2022-2023.
For 2023-2024, my overall income is more than 12570 pounds and no more eligible for marriage allowance.
Should I explicitly submit a request to cancel the marriage allowance for 2023-2024?

Hi, I submitted my 2022-2023 self tax assessment on 15-Jan-2024 and paid the tax for Jan-2024 and Jul-2024 on 15-Jan-2024 altogether. I found that I input a higher amount for my 2022-2023 employment income. I amended and submitted the self tax assessment of 2022-2023 on 16-Dec-2024 to have a lower employment income. That means I have over paid the tax for 2022-2023. How can I get the refund of the overpaid tax payment?

Hi, I had an account in Hong Kong stock broker firm (Interactive Brokers Hong Kong Limited) and my account was holding shares of an UK listed company shares (HSBA). Should I report the dividend of this HSBA shares as UK dividends or foreign dividend? Similarly, I had another stock account in UK broker firm (Interactive Brokers (U.K.) Limited) and my account was holding shares of Hong Kong listed company shares (HSBC). Should I report the dividend of this HSBC shares as UK dividends or foreign dividend?

If the dividend is automatically reinvested to buy shares, should the dividend being reported as dividends income of the year?

Back to my example, if the cost of shares is amount without the reinvested amount, that is GBP 10,000, should I report dividends income in tax reporting for receiving the below dividend in 2020 and 2021? Dividend reinvestment on 1-Aug-2020: GBP 1000 to buy 10 shares Dividend reinvestment on 1-Nov-2020: GBP 1000 to buy 10 shares Dividend reinvestment on 1-Feb-2021: GBP 1000 to buy 10 shares

I bought an insurance on Feb 2018 with currency Hong Kong dollars (HKD) and paid the insurance premium on Feb 2018, Feb 2019 and Feb 2020 with HKD. The insurance was matured on Feb 2024 and I got back the money in HKD. The money got back is more than the sum of insurance premium paid and I think I should include them in tax reporting. As the currency is not in GBP, I need to have the exchange rate to calculate the money in GBP for tax reporting. I see that HMRC has 3 different exchange rates: * monthly currency exchange rates * average currency exchange rates * spot currency exchange rates I paid HKD30,000 insurance premium on 1-Feb-2018. To exchange this amount to currency GBP, which exchange rate can I use? Or I can use any one of the above 3 exchange rates with no restriction? Regards

I sell a stock which I bought the stock with both initial lump sum and stock’s dividend reinvestment. Initial lump sum investment on 1-May-2020: GBP 10000 to buy 100 shares Dividend reinvestment on 1-Aug-2020: GBP 1000 to buy 10 shares Dividend reinvestment on 1-Nov-2020: GBP 1000 to buy 10 shares Dividend reinvestment on 1-Feb-2021: GBP 1000 to buy 10 shares Total I have 130 shares now. I sell the 130 stock shares and get GBP 20000. I would like to know what the cost of shares in tax reporting. Should the cost of shares include the re-invested dividend plus initial lump sum amount, that is GBP 13000? Or the cost of shares only calculate the lump sum only without reinvested dividend, that is GBP 10000?