HMRC Admin 21 Response

Hi,
The amount entered in Box 47 of the SA108 should be the cumulative losses available to carry forward (ie any unused losses for earler years + the losses arising in 2023/24).  
Please find guidance at:   
 Capital Gains Tax summary notes  and  CGT15800 - Losses: allowable losses.
Thank you.

Hi,
Yes, you can continue to work for your UK employer when you move overseas, but you should submit form P85 to advise HMRC of the situation when you depart.  
You are likely to be deemed non-resident in the UK (and therefore not liable to pay UK tax) in any tax year in which you spend more than 183 days overseas.
Under those circumstances, HMRC will consider whether the issue of code NT is appropriate.      
Here is guidance: Employees working abroad.
Thank you.

Hi,
If you call our Helpline on 0300 200 3700 then we should be sending an urgent referral over to our Variations Unit to look in to this for you.
Thank you.

Hi,
Please refer to: Tax on your UK income if you live abroad.
Thank you.

Hi Chippers,
Thank you for your question, please see guidance available at: Property allowance this guidance advises- ‘The property allowance is a tax exemption of up to £1,000 a year for individuals with income from land or property.
If you own a property jointly with others, you’re each eligible for the £1,000 allowance against your share of the gross rental income.’ 
It also provides guidance of when the property income allowance cannot be used.
Thank you.

Hi Timato,
Thank you for your question, this is correct, you do not need to provide a copy to HMRC but you must keep a copy for your own records as it may be requested from you at a later date. 
Please see guidance available at: TSEM9520 - Ownership and income tax: express trusts - written declaration regarding written declarations of trust. This guidance advises ‘A declaration of trust is usually a statement by the legal owner of property that s/he holds the beneficial interest for someone else. S/he is not transferring the legal title. (See by contrast TSEM9530.) The beneficiary has an equitable interest created by the declaration which can be enforced by the courts. The donor/trustee does not need to register the trust with the Land Registry, nor does the document require delivery or a witness to signatures.’ This guidance also provides guidance on the creation of a declaration of trust. 
TSEM9170 - Ownership and income tax: legal background: ownership income follows property - variation also states both a declaration of trust or deed of trust are acceptable for this purpose. 
Thank you.

Hi georgealder21,
Thank you for your question.
 I am unable to answer this question without seeing a copy of the blind trust you have had drafted.  
Please send a copy of any documents you have to HMRC at:
Pay As You Earn and Self Assessment,
HM Revenue and Customs,
BX9 1AS,
United Kingdom.  
We will then be in a better position to advise you.
Thank you.

 

Hi,
Thank you for your question.
To declare unequal beneficial interests in jointly owned property, you must complete a Form 17.  
This can be done online at: Declaration of beneficial interests in joint property and income  
You will also need to provide a declaration or deed of trust.
For more information about jointly help property, please refer to our Trusts, Settlements and Estates manual at:
TSEM9800 - Property held jointly by married couples or civil partners: contents.
Thank you.

Hi Jan-21,
Thank you for your question.  
1) If these repair works were carried out whilst you were renting the property you could claim the share you paid against your property income. If the work was carried out after you ceased letting the property then you will not be able to claim this as an expense.
 2) The land registration fees when buying the property can be claimed as an allowable deduction for CGT.
Thank you.
 

Hi,
You will need to use software the is compatible with Making Tax Digital to keep digital records and send Income Tax updates instead of sending Self Assessment tax returns.
More information can be found at: Making Tax Digital for Income Tax for individuals: step by step.
Thank you.