HMRC Admin 21 Response
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RE: Rental income transfer to wife
Hi Paul,
Thank you for your question.
A capital gain will only be generated once the property has been sold. To declare your unequal share of beneficial interest i.e. 0/100 in the property/properties you must complete a Form 17, further information can be found in:
Trusts, Settlements and Estates Manual/TSEM9842.
Any queries regarding SDLT would need to be directed to them, their contact details can be found at:
Stamp Duty Land Tax.
Thank you. -
RE: Zero VAT Rated Export Sales - Interior Design - Bespoke Goods
Hi QnnoA,
There are strict time limits for being able to zero rate rate goods for export.
Please see below:
3. Conditions and time limits for zero rating
The time by which you need to send the goods and obtain evidence for the removal of the goods starts at the time of supply date.
Please see section 2.11 of the guidance below:
2.11 The time of supply of exported goods
The only extensions to these time limits are described below as per section 3.6:
3.6 Conditions for zero rating goods for export after processing or incorporation
Thank you. -
RE: Invoicing from UK to customer in Ireland (Dublin) - VAT?
Hi Martin,
As the goods do not enter the UK at any point then the transactions would be Outside The Scope of UK VAT.
There are two transactions taking place whereby you are purchasing goods from France and selling goods to Southern Ireland.
The Place Of Supply of the purchase and supply of the goods will depend where the goods are at the point of purchase and sale.
There may be a requirement to register for VAT in the member state where your sale takes place and so you would need to contact the authority in that member state.
Thank you. -
RE: Import VAT on second hand goods for personal use
Hi Helmholtz,
Please speak to our International Trade Team regarding this.
Please see the link below:
Imports and exports: general enquiries.
Thank you. -
RE: Selling US stock issued by employer
Hi Cooper Zirtec,
The tax does not go back to your employer as it is counted as being paid by you for the credit, please refer to:
Relief for foreign tax paid (Self Assessment helpsheet HS263).
Thank you. -
RE: Child Benefit and Redundancy
Hi Steve,
You would need to check if the redundancy payment is taxable or not to see what would be included in your adjusted net income:
Redundancy: your rights.
Thank you. -
RE: CGT on BTLet owned jointly while a PPR, then solely while a BTL
Hi Emjay,
Yes. you will need to adjust the purchase price to show your 50% at the time actually bought and then the other 50% value at the time your ex partner transferred it to you.
Thank you. -
RE: Dual residency self assessment
Hi Cherry,
That is correct.
Thank you.