HMRC Admin 21 Response
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RE: Correcting Self Assessment (>1 year old)
Hi,
Yes when you submit the amendment you will need to supply the details of the section/box that needs to be amended and the new figures. Once updated an amended calculation will be issued to you, but in the meantime you should estimate any balance that would be due and make the payment to limit any interest/penalties that may be due.
Thank you. -
RE: Confirmation of no UK Personal Income Tax owed
Hi,
You will need to apply for this in writing and send it to:
HMRC
PAYE & Self Assessment
BX9 1AS
Thank you. -
RE: Interest on foreign bond investments
Hi,
It is towards the end after completing the foreign pages and you will be asked if you agree with the foreign tax credit that has been calculated. If you select no you can then enter your own figure. We cannot advise you of the figure as it is self assessment and for you to determine.
Thank you. -
RE: 60% tax trap
Hi,
Unfortunately, it is not possible to review personal matters in this forum.
For individualised assistance please contact our self assessment helpline or contact our webchat Self Assessment: general enquiries.
Thank you. -
RE: Certificate of Residency and Overseas Tax Relief
Hi,
No. as its UK rental, HMRC have the first rights to taxation on this and no relief can be given in respect of foreign tax paid. It would be in Australia that you would be looking for this as tax is due there also. as a non resident landlord you will need to include the residence section of the tax return and as such you cannot file online using HMRC software. You will need to file by paper or buy 3rd party software.
Thank you. -
RE: Online CFD trade
Hi,
Unliley as they will either be capital losses sor self employed losses. Please refer to:
BIM22015 - Meaning of trade: exceptions and alternatives: betting and gambling - introduction.
Thank you. -
RE: Confused on how to interpret the split year daycount guidance
Hi,
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances.
Thank you. -
RE: Income / capital gains tax paid on vested crypto tokens not yet released to recipient's wallet?
Hi,
Please refer to guidance at: Check if you need to pay tax when you receive cryptoassets.
Thank you. -
RE: Definition of 'home' when residence overseas not in same country?
Hi,
HMRC definition of a home is - A home can be a building, or part of a building, a vehicle, vessel or structure of any kind which is used as a home by an individual. It will be somewhere which an individual uses with a sufficient degree of permanence or stability to count as a home. As this will determine your residence, it is for you to confirm.
Thank you. -
RE: CGT on cyptocurrency
Hi,
You would treat it the same as a S104 holding - Shares and Capital Gains Tax (Self Assessment helpsheet HS284).
Thank you.