HMRC Admin 21 Response
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Re: Selling shares gifted
Hi belgiumqq,
Yes, provided you make a gain when you dispose of them.
Thank you. -
Re: Foreign income
Hi CP,
As you are in receipt of foreign income, you are required to complete a self assessment tax retur, where you will declare all of your world-wide income. This included the sources of income included in your question, as they are taxable in the UK.
Thank you. -
Re: Communicate with HMRC
Hi "LIVINGINUK Giuseppe,
No we dont correspond by email.
Thank you. -
Re:Selling an inherited property abroad
Hi TabUk,
If the completion date of the disposal ocurred after 5 April 2024, then the capital gain falls into the 2024 to 2025 tax year. If you are required to complete a tax return for 2024 to 2025, then you would include the capital gain on that tax return, where the disposal value exceeds £50000. If the completion date was before 5 April 2024, then yes, you would need to amend your tax return, if the disposal value was over £50000.
Thank you. -
Re:Repayment Delay
Hi caffyred,
To check on the progress of your repayment, log into your Personal Tax Account, and click on the 'Check Progress' tab, at the top of the page just below the blue bar. If the progress of your repayment still doesn't show, contact us by webchat or phone via Income Tax: general enquiries to allow us to check this for you.
Thank you. -
Re:CGT on Shares taken out of ISA
Hi Patience,
We can't provide you with a value of the shares. That is not HMRC's responsibility. When shares are removed from an ISA, they lose their capital gains protection. You would use the acquisition value of the shares for calculating capital gains tax.
Thank you.