HMRC Admin 21 Response
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RE: Declaration of Trust/Deed of Trust/Deed of Assignment – which one for rental income?
Hi David,
Thank you for your question.
You can transfer beneficial ownership to your wife and she will become liable for any tax that may be due.
This can be done via a Declaration of Trust.
For more information, please refer to our online Trusts, Settlements and Estates manual at:
TSEM9150 - Ownership and income tax: legal background: ownership: legal and beneficial ownership - separation.
There is also more information regarding ownership and income tax at:
TSEM9170 - Ownership and income tax: legal background: ownership income follows property - variation.
A Form 17 declaration is not required as this relates to jointly owned properties, not sole ownership.
Thank you. -
RE: Trust in part commercial property after will variation
Hi,
Thank you for your question which is not correct for this forum. However, the following link may help you regarding your land Resistry question. Registering land or property with HM Land Registry.
Thank you. -
RE: Rent a Room - are in damage payments included in 7.5K allowance?
Hi,
Thank you for your question.
Under the rent-a-room scheme you can be exempt from income tax on income from furnished accommodation if the gross receipts i.e. before expenses are £7500 or less.
Expenses cannot be claimed and are not included in the relief.
More information can be found at:
PIM4001 - Rent-a-room: overview and,
PIM4020 - Rent-a-room: receipts below exemption limit.
Thank you. -
RE: Paying the rental income to my father
Hi,
Thank you for your question.
There will be no CG implications unless you sell your property.
If you decide to sell, then you would be liable to any CG tax arising as you own the property.
You can transfer beneficial ownership to your father and he will become liable for any tax that may be due. This can be done via a Declaration of Trust.
For more information, please refer to our online Trusts, Settlements and Estates manual at:
TSEM9150 - Ownership and income tax: legal background: ownership: legal and beneficial ownership - separation.
There is also more information regarding ownership and income tax at:
TSEM9170 - Ownership and income tax: legal background: ownership income follows property - variation.
A Form 17 declaration is not required as this relates to married couples/civil partners only.
Thank you. -
RE: VAT on Import from Germany with an EORI and GB Vat registered
Hi,
You will need to speak with our Customs Helpline 0300 322 9434.
Thank you. -
RE: VAT on Intercompany Recharges
Hi SarahM2025,
For employee expenses please refer to: VIT13400 - VAT Input Tax basics: when input tax can be claimed by the business on supplies to employees
If this is a supply for staff please read: Supply of staff and staff bureaux (VAT Notice 700/34).
Thank you. -
RE: Zero rate of VAT for solar panel products
Hi Chiltern,
Please refer to Buildings and construction (VAT Notice 708) which will states the subcontractors VAT rate will follow the work being carried out. 708/6 2.7 advises solar panels are zero rated. As the subcontractor is employed to fit a zero rated good his supply should follow the same rate.
Energy-saving materials and heating equipment (VAT Notice 708/6)
2. VAT liability.
Thank you. -
RE: Unable to access Government Gateway account
Hi,
Please contact our Online Helpdesk team 0300 200 3600.
Thank you., -
RE: VAT For landscaping/driveway work on barn conversion
Hi,
Please refer to Buildings and construction (VAT Notice 708).
7. Reduced rating the conversion of premises to a different residential use.
Thank you. -
RE: VAT repayments to overseas bank
Hi,
As your client has now received the repayment what further advice do you require?
Thank you.