HMRC Admin 21 Response
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RE: Offset losses on shares against gain on property
Hi KerryB,
Please see guidance:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. -
RE: Double taxation agreement for Secondment in the UK
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RE: Return has not been processed in 8 months
Hi,
Please contact us by webchat or phone via Self Assessment: general enquiries and we can give you an update.
Self Assessment: general enquiries
Thank you. -
RE: Leaving UK and working remotely for UK based company
Hi Isabel,
Yes.
If you do not need to complete a self assessment tax return, please complete form P85 (Get your Income Tax right if you're leaving the UK (P85)) to advise that you are leaving the UK and will continue to be employed by a UK employer.
Thank you. -
RE: ISA’s from April 2024
Hi STal,
Yes.
From 6 April 2024, you can open more than one ISA in the same tax year, however, you are still limited to a maximum saving of £20,000 in any year. Please have a look at the guidance at:
Individual Savings Accounts (ISAs)
Thank you. -
RE: Competition Winnings
Hi,
No, prize winnings are not taxable.
Thank you. -
RE: Beneficiary of UK Pension as a Non-UK Resident
Hi wiishend,
Inheritance tax rules have changed in the Autumn budget.
Please have a look at the guidance at
Inheritance Tax nil-rate band, residence nil-rate band from 6 April 2028.
The existing rules at Tax on a private pension you inherit will apply until 6 April 2028.
Thank you.
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RE: CGT with part ownership history
Hi,
The acquisition cost would be calculated at 3 different occasions, each when you acquired an additional share of the property.
Please have a look at the guidance on market value at:
CG14530 (CG14530 - Consideration for disposal: market value rule),
not at 'arm's length at:
CG14540 (CG14540 - Consideration for disposal: market value rule: not at arm's length) and 'arm's length' at:
CG14541 (CG14541 - Consideration for disposal: market value rule: at arm's length).
This guidance will help you determine the acquisition cost to set against the disposal value.
Thank you. -
RE: Certificate of Residency
Hi,
The UK tax treaty with Sweden can be found at:
Sweden: tax treaties.
You will need to review the article to identify the one that relates to your source of income.
If your source of income is not covered by any of the articles, then have a look at article 20.
You should also include an amount in pounds sterling.
If you do not have an exact figure, you would use your best estimate in pounds sterling.
Thank you.