HMRC Admin 21 Response
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Re:SA106 Form
Hi Nigel Ho,
SA106 is the foreign section of the tax return. If you have registered for self assessment and a tax return has been issued to you. You can use your government gateway user ID and password to log into your personal tax account and log into your tax return. You would select 'yes' to the question on foreign income, when tailoring your tax return.
Thank you. -
Re:HMRC Approval of Capital Gains Calculator
Hi Fraser Scott,
HMRC does not provide a calculator for working out capital gains tax arising from shares or other assets that are not residential property. There may be commercial calculators on the internet, you could use at your own risk.
If you find you have a capital gains tax to pay from the disposal of shares, you can report and pay the tax using the raltime capital gains tax service at Report and pay your Capital Gains Tax-to-report. You have until 31 December after the tax year ends to do this. After this, you must complete a self assessment tax return.
Thank you.
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Re:Pension UFPLS tax Refund?
Hi Pensionquery005,
If flexibly accessed yes. if a cash withdrawal it will be a p53 - Claim a tax refund when you've flexibly accessed all of your pension (P53Z).
Thank you. -
Re:Purchase Price for CGT after buying partner out
Hi Alison Chalk,
As not married, the market value rule doesn't apply and it will be what the property was 'sold' for. Please see Capital Gains Manual.
Thank you. -
Re:Why Can't I See my submitted P55 form in Personal Tax account website?
Hi greenman,
It's possible that there's been an error in your submission, or something's gone wrong in processing your form. You may wish to try submitting the P55 again - if you encounter the same issue again, contact us by webchat or phone via Income Tax: general enquiries , where we can review your record and advise you further.
Thank you. -
Re:Gifting Property
Hi K J,
Yes. this is seen as a sale of the property and capital gains will be due on the difference in value. your son will also now need to declare the rental income.
Thank you. -
Re:Saving Interest Income
Hi Canc,
We cannot comment on any form of calculation/example or scenario, whether fact or fiction. We can only point you the direction of the guidance, so that you can review the guidance and to allow you to make an informed decision.
Thank you. -
Re:do I include CGT on self-assessment form if I have alrerady completed a CGT on a proporty form?
Hi edward Verrall,
As you already complete a tax return, yes you will still include the information.
Thank you. -
Re:When does a CGT payment appear on your Self Assessment payment schedule
Hi edward Verrall,
You also need to show that the gain has already been reported and paid. this will then determine if you have overpaid the CGT or not. if you have, you can telephone 0300 200 3310 to arrange for a refund as it is not issued from the tax return.
Thank you. -
Re:SA100 and foreign capital gain.
Hi zontes,
You will leave that blank.
Thank you.