Skip to main content

This is a new service – your feedback will help us to improve it.

  • where to declare foreign ETF income

    Hello. I have some Irish ETFs which pay dividends in Sterling, and they are reporting funds. I have both actual dividends and ERI to report. In my notes I've written "put the ERI in the foreign dividend page, but report the actual dividends in the UK page in the authorised unit trust/OEIC box" but I can't now find where I've got that from. Please could you confirm that this is correct, or tell me what I should do instead? The amounts are bigger than the £1000/£2000 limits.
  • RE: partnership tax return

    Thank you. I appreciate you continuing to reply. I don't think I am making my question clear. The disposal price goes on SA 800 (PS) in box 30. That comes from box 4.1 on SA803. In my example, both of those would be £0. Now, where does the £1000 go? Can you tell me which box, on which form? I have read all the guidance on every single form, and I cannot see a box asking for this information. I therefore don't know how to tell you either the total purchase price of the asset, or the proportion paid by each partner.
  • RE: partnership tax return

    Hi, thanks for replying. I've read every word of this guidance 4 times before posting, and I still can't see where I enter the cost of the assets bought. Because of that, I don't know how to tell HMRC what each partner's share of the asset COST is. I understand how to tell them the proceeds and the split of the proceeds, but not the COST. Please can you tell me exactly where to put this information? Sorry if I'm being stupid, but I am completely confused. I have tried the helpline, without success. I've also asked an accountant, who said they also did not know, but they relied on software to put the information in the right boxes. I don't think it is reasonable to expect me to pay £1000+VAT (the price quoted) to fill in a form of zeros, just because there is no guidance on where to record the purchase price of the asset and the split between members.
  • RE: partnership tax return

    Hi. Please could you help me with an example? If, say, the partnership bought an (investment) asset in a previous year for £1000 and sold it this year for £0, and that was all the partnership did, where exactly do I show the -£1000? All I can find are boxes for the disposal proceeds which I think is zero?
  • partnership tax return

    Hello. I'm the designated member of a partnership (LLP). The members put money into the LLP to subscribe for shares in a new company, in 2021. In 2023 the company folded so we all suffered a capital loss. I know what I need to achieve: on a look-through basis this is a CGT loss for each member, and there is no income tax impact. But I can't work out how to fill in the boxes on 3-6 of the partnership tax return SA800 - should the 'loss from a trade or profession' be equal to the capital loss? Or should that be zero and the capital loss recorded somewhere else? thanks for any help
  • dissolving a UK LLP

    Hello. I contributed to a UK-based LLP to pursue a business idea, which involved setting up a company of which the LLP was a shareholder. The company did not succeed and has been wound up for no value. We are now in the process of striking off the LLP. Am I right that my contribution to the LLP should be seen like any other asset, i.e. as a capital loss to put against CGT?