HMRC Admin 21 Response

Hi sammoss1991,
Please see the following guidance:
12. B2C services of a professional, technical, financial, intellectual or other intangible nature supplied to customers outside the UK
If you meet this particular guidance then the Place of Supply will be where the customer belongs and not where the service takes place.
Thank you.

Hi Emmetartist,
Can you please confirm you have a UK company which is incorporated at Company House.
Thank you.

Hi Angela,
Please speak to our Helpline as below:
VAT: general enquiries.
Thank you.

Hi,
You can elect to split the ownership in an unequal share.  
That can be 100/0 or 99/1 or any other permutation.
Please have a look at the guidance on private residence relief on helpsheet HM283: HS283 Private Residence Relief (2024).
We cannot comment on scenarios. 
Please refer to: Joint property ownership.
Thank you.

Hi,
As announced at Autumn Budget 2024, from 6 April 2027 most unused pension funds and death benefits will be included within the value of a person’s estate for Inheritance Tax purposes.  This will cover the value of any remaining pension funds that they held and most death benefits payable to beneficiaries.  
Pension Scheme Administrators will become liable for reporting and paying any Inheritance Tax due on pensions to HMRC.
 If you are concerned about how these changes will impact you personally, you should speak to your financial adviser or pension scheme, but further guidance and legislation will be published in good time before 6 April 2027.
Thank you.

Hi,
Where the asset is held by an individual, this gain will normally be taxable at 20% to the extent that it falls above the higher rate income tax threshold (10% to the extent it falls within your basic rate band).
The higher 28% CGT rate which applies to disposals of residential property will not apply to a disposal of bare land, even if it already has planning permission for residential property to be built, but would apply if what they are selling is already residential property.
Definition of what is or is not residential property can be found at: CG73550 - Residential Property gains
I would also refer them to our help sheet at :
HS282 Death, personal representatives and legatees (2024) - GOV.UK (www.gov.uk).
In this case any CG would be split equally by all parties involved.
Thank you.

Hi J Chan,
You will have to work out if there is a Capital Gains liability, using UK rules for Capital Gains.  
This means that you need to convert the values to GBP sterling, using a just and reasonable exchange rate in use at the time of acquistion and disposal.  The disposal should be reported in a Self Assessment tax return.  
Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal.  
For your convenience, there are exchange rates at: https://webarchive.nationalarchives.gov.uk/ukgwa/20231016190054/Exchange rates from HMRC in CSV and XML format and for older rates at UK Government Web Archive/ukgwa/20100202113554/Exchange rates from HMRC in CSV and XML format.
You are free to use any of the supplied rates or one of your own choosing.
Thank you.

Hi,
To work out if there is Capital Gains tax payable in the UK means you need to follow the UK rules.  
You need convert all the values to GBP sterling, using a just and reasonable exchange rate in use at the time of acquisition and disposal.
If the property was your main residence, then you can work out how much private residence relief to set against a gain.  
Please have a look at HS283 at: 
HS283 Private Residence Relief (2022) -self-assessment-helpsheet/hs283-private-residence-relief-2024).  
To help you, there is a calculator at: Tax when you sell property.  
As this is an overseas disposal, it must be declared on a Self Assessment tax return.
Thank you.

Hi,
Please see guidance here regarding the exemption of tax for a UN official as it will depend on the grade.
If you are then tax exempt on this income then it will not need to be declared to us and the need for a self assessment tax return would not be needed. INTM860700 - Immunities and Privileges: Contents: International Organisations and,
INTM860720 - Employees of international organisations: claims by individuals.
Thank you.

Hi,
Capital gains tax liability arises where the disposal value is greater than the acquisition costs.  
These values are bases on the individual and their share of the asset.  
If your mum owned a share of a property, her calculation would be based on her share of the property, not the full value of the property.
Thank you.