HMRC Admin 21 Response
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RE: My Personal allowance lowered
Hi
Unfortunately, it is not possible to check individual tax records through this forum, if you have a question which relates to your personal tax situation or tax code please contact our helpline:
Income Tax: general enquiries
On this page you will also see a link to:
Personal tax account: sign in or set up
which may be the quickest way to review information relating to pay and tax history, tax codes and how to change them.
Thank you. -
RE: Only foreign saving interest, no other income
Hi
Please find guidance at:
Tax on foreign income,
Self Assessment tax returns - Who must send a tax return.
Check how to register for Self Assessment.
Thank you.
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RE: Nominee tax return cheque
Hi,
If you have not received the cheque, you will need to contact our Income Tax team, we cannot review this over the forum.
Income Tax: general enquiries.
Thank you. -
RE: SDLT Surcharge Reclaim and Renting Out a Former Buy-to-Let
Hi,
Thank you for your question.
I am sorry that we cannot help you regarding your question, as it refers to tax planning and this is not in our remit.
Please refer to our Income from Property Manual- cessation of let property which may help you.
Please find the guidance at: PIM2510 - Beginning and end of a rental business: cessation.
Thank you. -
RE: Deed of Trust - Transferring Income to Spouse
Hi Editrix,
Thank you for your question.
A Deed of Assignment is not applicable.
To split the rental income in unequal share, both parties must have a beneficial interest in the ownership of the property. This must be done by redigesting both parties on the property Deeds and to submit a Deed of Trust signed and witnessed accordingly to HMRC.
As regards the expenses question.
The expenses incurred in maintenance of the property will share equally in accordance with the split of unequal shares. Therefore, if the property income is split 10/90, the expenses with be treated the same way. Furthermore, if the property is held under joint ownership of husband and wife, Form 17 must be completed.
Further information can be found on our website: PIM1030 - Introduction: jointly owned property & partnerships and
TSEM9842 - Property held jointly by married couples or civil partners: Form 17 rule: introduction.
As regards the residential finance (mortgage) cost. They must be set against each property that they cover; you cannot set the two properties residential cost (mortgage) against only one property. Therefore, if you are in receipt of income from one property, the residential cost must be included in your accounts for that property.
Thank you. -
RE: Pension Income from Hong Kong Government
Hi Peter,
Under the terms of the double taxation treaty, the Hong Kong pension is only taxable there.
You do not need to declare it in the UK.
Thank you. -
RE: Foreign Inheritance
Hi
Inheritance tax is only due on UK assets. Therefore inheritance that you receive from anywhere that is not the UK is not taxable and does not need to be declared. However, You will need to declare any income that is then generated from these assets.
Please also see guidance on Self Assessment at:
Self Assessment tax returns - Who must send a tax return.
Thank you. -
RE: CGT and allowable allowances.
Hi Shutittrev,
Please find guidance at:
Capital Gains Tax: what you pay it on, rates and allowances.
You may also find this tutorial useful:
What allowable expenditure can I claim against Capital Gains Tax?
Thank you. -
RE: Child Benefit 10 % Tax Charge - earning over the £50,000
Hi StressedEric01,
Please contact the Child Benefit Office for advice.
Child Benefit: general enquiries
Thank you.