HMRC Admin 21 Response
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RE: Self assessment - Tax paid on Non-reporting funds
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RE: Capital gains tax on house sale when grandparents have been part owner-occupiers
Hi,
You will take 1/3 share when in 2008, another 1/3 share of the value in 2017 when your grandad passed and then the final 1/3 of the vaue in 2021. all added together this is your purchase price for working out any gain.
Thank you. -
RE: Main residence for capital gain tax purpose
Hi Lucy,
Please refer to: CG64485 - Private residence relief: only or main residence: two or more residences: right of nomination.
Thank you. -
RE: Reporting a Capital Gain on profits from a With Profits Bond
Hi Darren,
As the gain is over 10k, you need to report this in your 2024/25 tax return.
Thank you. -
RE: Can loss made on sale of overseas property be offset against capital gains made overseas on sal
Hi,
If you are resident and domicle, yes. if you use the remittance basis, please refer to:
RDRM31340 - Remittance Basis: Introduction to the Remittance Basis: Comparisons with pre-April 2008 regime: Other changes - capital gains foreign losses.
Thank you. -
RE: CGT on chattel sold for less than £6000
Hi,
Please refer to:
CG76870 - Chattels: particular assets which are chattels and Personal possessions and Capital Gains Tax 2024 (HS293).
Thank you. -
RE: ISA limit
Hi,
£20K is the maximum you can deposit in your ISA in any 1 tax year. interest earned in your ISA does not count as a deposit when taking this limit into account.
Thank you. -
RE: Local forms for Withholding tax
Hi oriana,
This should be sent to:
HMRC
PAYE & Self Assessment
BX9 1AS
Thank you. -
RE: Registering as Non Resident Landlord for Trust
Hi,
Thank you for your question, only 1 NRL form needs to be completed, following this, any tax can be paid by completing a tax return.
Please see guidance available at: Tax on your UK income if you live abroad.
Thank you. -
RE: Rental income from limited company. Passive or Active
Hi manred,
There is not enough information to understand your query. My apologies. Please can you resubmit your question in full for consideration and response. Thank you.