Skip to main content

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

  • " Re:CGT allowable expenses

    Hi BMAC81,
    If the property was your main residence, then you have private residence relief to set against any gains arising from the disposal of the property.  Where the property was your main residence for the whole period of ownership, then there will be no capital gains.  Have a look at helpsheet HS283 (HS283 Private Residence Relief (2023)).
    Where the property is disposed of at arms length, the value of the disposal is used for capital gains purposes.  Where the property was not disposed of at arms length, the market value is used.  Please have a look at Capital Gains Manual for guidance on how the market value is applied.
    Thank you.
  • Re:Tax refunds

    Hi Silverswan Walsh,
    If you have been overtaxed, this will be calculated after the 5th of April 2024, the end of 23/24 tax year. After your rebate is calculated, it should be available to claim via your Personal Tax Account. If the refund remains unclaimed, it will eventually be issued automatically as a cheque. To confirm if a rebate is due, contact us by webchat or post via Income Tax: general enquiries.
    Thank you.
  • Re:NS&I incorrectly reported interest - resubmit my tax return?

    Hi Helen,
    You can amend your return by logging into your Personal Tax Account, and reopening  that return via the Self Assessment tile. Once you've made the necessary changes, just resubmit the return, and your calculation should update. Alternatively, contact us by post, webchat or phone via Self Assessment: general enquiries, where we can update your return as you request.
    Thank you.
  • Re:income from investment funds domiciled in Ireland

    Hi susan Finch,
    As a resident in the UK, you are still taxable on foreign trust income and capital gains.  You may have to claim tax back from the Irish tax authorities, as you are not resident in Ireland.  Please have a look at the guidance at Non-resident trusts.
    Thank you.
  • Re:Interest on Savings

    Hi warden5995 Warden,
    After the tax year end the bank/building societies will submit the interest details to HMRC. Once received we will review and if tax due a calculation will be issued to you with the details.
    Thank you.