HMRC Admin 21 Response

Hi 
Corporation tax is self-assessed and HMRC cannot give tax planning advice. 
HMRC cannot give a definitive answer what kind of expenses are occurring and how you would like to treat them.
If there is uncertainty in the guidance, you may wish to review non statutory clearance.
Find out about the Non-Statutory Clearance Service.
They may be able to help you clear up any gaps in the guidance. 
Thank you.

Hi,
HMRC cannot give tax planning advise, as it is self-assessed. 
This is the guidance on what would count as a director’s loan:
CTM61500 - Close companies: loans to participators and arrangements conferring benefit on participator: contents
If you need support, you may wish to speak a taxation advisor/accountant. 
 Thank you.

Hi,
Corporation tax is self-assessed and HMRC cannot give tax planning advised. You would need to review the treaties under Tax treaties, for Algeria.
Thank you.

Hi karen,
On the return in box 780 you would only record the losses that arose in that period. Unless you are utilising the losses in the return you do not put down losses from previous years. 
These will be in your competitions, there will be a loss account, that shows losses brought forward, losses arisen in the period, how/if they have been used then the amount carried forward. If you are using HMRC filing software the loss account is usually at the bottom of the computations. If you are using another software, you may need to speak to the provider as there is no standardised lay out. 
Thank you.

Hi,
If you have noted HMRC that you are dormant for CT purposes, then you will not have to file. The accounting periods dates will no longer exist. once you become active, we will set up the accounting periods in line with your instruction. 
We cannot comment on Company’s House (CH), as it is a separate government entity. 
When you register the accounting periods are automatically set up to be 12 months from that date, with a short period to the end of the month. You are free to notify us and CH if you want these changing. However, as you are dormant, you should notify HMRC of your desired accounting periods once you become active, as we do not hold any periods whilst your dormant. 
Thank you.

Hi,
You do not have  to submit supporting documentation when declaring a Capital Gain to HMRC.
However you should retain all relevant documentation to enable you to answer any HMRC queries.        
Capital Gains Tax: what you pay it on, rates and allowances.
Thank you.

Hi,
Yes, the value of the land on the date you inherited it would be used to calculate the CGT liability.
Thank you.

Hi,
Yes, based on the info provided, you are entitled to Private Residence Relief on your HK residential property.
Given that there is no CGT liability, you do not have to report the transaction to HMRC.
HS283 Private Residence Relief (2024).
Thank you.