HMRC Admin 21 Response
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RE: Applying Digital Nomad Scheme but still PAYE employee
Hi d80gs2,
We are unable to provide you an answer to your enquiry this on this forum.
You should contact the relevant HMRC department:
Individual taxes helpline 0300 200 3300
NI liability decisions you must write in to HMRC.
More information can be found on the GOV.UK - The best place to find government services and information website.
Thank you.
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RE: Tenants in common: change of percentage and form 17
Hi JoLeon,
Thank you for your question, Husband and wife (or civil partners) should check that they jointly own the property as ‘tenants in common’. A form 17 election cannot be made (i.e. the property income cannot be split other than in equal shares) if the couple own the property as ‘joint tenants’.
Thank you. -
RE: ALCS tax
Hi andrewmaclachlan,
As you state you are a higher rate taxpayer, the savings allowance is only £500. the peer to peer lending is declared on the additional information page SA101 at box 3. Bank interest is declared on the main return under untaxed interest. For the £79.66 received, if this is actually royalties then this needs to be declared as other earned income.
Thank you. -
RE: Tax underpayment. Who caused it?
Hi rebeccalyon Lyon,
If you were paid by your old employer and new employer in the same month, and both operated the same code, this may have caused the underpayment.
To confirm this, and to help us advise on what you can do, contact us by webchat or phone via Income Tax: general enquiries.
Thank you. -
RE: BADR eligibility for a FHL
Hi Ari,
As we are still awaiting draft legislation on any changes to FHL taxation / reliefs and that we can’t provide financial planning advice.
For advice on FHLs please refer to HS253 (HS253 Furnished holiday lettings (2024)),
for BADR helpsheet HS275 (HS275 Business Asset Disposal Relief (2024))
and for holdover relief helpsheet HS295 (HS295 Relief for gifts and similar transactions (2024)).
Thank you. -
RE: Property Undervalued at Probate, just marketed and hopefully sold, is CGT payable ?
Hi diycrazy,
Per the guidance: Report and pay your Capital Gains Tax, scroll down to the section for reporting for an estate.
Thank you. -
RE: Rental income transfer to my wife
Hi harvshow B,
As long as HMRC have been advised of the alternative split and you have your acknowledgement then yes it will be declared as per the beneficial ownership.
Thank you.
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RE: Capitol Gains tax on property currently rented out
Hi Andi,
HMRC cannot advise you on this as it is you who needs to tell us the amount of gain made.
Guidance is at: Capital Gains Tax: what you pay it on, rates and allowances.
Thank you.