HMRC Admin 21 Response
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RE: Fractional Units/Shares Reporting
Hi,
You would round up or down to whole pounds in your favour.
Thank you. -
RE: CAPITAL GAINS TAX IF I BUY ANOTHER HOME BEFORE SELLING MY CURRENT ONE (WITHIN 9 MONTHS)?
Hi dukejohn1001,
Please have a look at the guidance on help sheet HS283 on private residence relief:
HS283 Private Residence Relief (2024).
You will need to nominate which property is your main residence.
Please have a look at:
Tax when you sell your home.
Thank you. -
RE: CGT payable by executors on increase in value of property after date of death
Hi,
As this is an Inheritance Tax return question you need to:
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries.
Thank you. -
RE: Where to Enter Overseas (Out of Scope for VAT) Income on Self-Assessment
Hi Alex,
If you are VAT registered and using traditional accounting basis, details of your income and deductions would typically exclude VAT, unless VAT is not recoverable.
If you are VAT registered and using cash basis, details of your income and expenses would typically include VAT.
If you choose to include VAT when completing your return, either:
• put your net VAT payment to us as an expense in box 30
• put any net VAT repayment you received from us in box 16.
Thank you.
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RE: How to declare vested RSU shares tax has already been paid ?
Hi Miranda,
In your Self Assessment tax return, in the employment section.
You would enter the income in box 3 'Tips and other payments not on your P60'.
Employment Tax year 6 April 2023 to 5 April 2024 (2023–24).
If you have foreign tax deducted from the RSU's, you declare this in the foreign section and claim a foreign tax credit.
Thank you. -
RE: Tax on gains made on company shares forcibly sold on acquisition
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RE: Entering Belgian State Pension and Belgian Private Pension Lumpsum payment in Self Assessment
Hi Puffer,
The Belgian state pension is only taxable in Belgium and as such any queries on tax due should be referred to the Belgian authorities.
Thank you. -
RE: HMRC EXPENSES RATES FOR EMPLOYEES TRAVELLING OUTSIDE THE UK
Hi,
Those are the only rates available.
We cannot comment on rate amounts.
Thank you. -
RE: SIPP Taxable Property
Hi,
This guidance is for pension schemes and not indiviuals.
Thank you. -
RE: Are capital gains from selling the property overseas included then in adjusted net income ?
Hi,
No. Capital Gains tax and income are totally separate taxes and never intermix.
Adjusted net income guidance can be found at:
Personal Allowances: adjusted net income.
The annual exempt allowance for Capital Gains in the current tax year is £3000.
Thank you.