HMRC Admin 21 Response
-
RE: business asset roll over relief
Hi L T,
Please see guidance here regarding qualifying conditions for Business Asset Rollover Relief:
Capital Gains Manual/cg60270
and
Capital Gains Manual/cg60260
However, guidance on the transfer of a business to a Ltd company can be found here:
Incorporation Relief (Self Assessment helpsheet HS276)
and
Capital Gains Manual/cg65700
and
Capital Gains Manual/cg65700c
Thank you. -
RE: Working Remotely
Hi Alicia,
This depends on your tax residence basis and your residence is for you to determine - RDR3 Statutory Residence Test.
Thank you. -
RE: Should I even have a Business Tax Account?
Hi Mohamak,
If you have opened a business account in error then you will need to contact our online helpdesk for assistance:
Technical support with HMRC online services.
Thank you. -
RE: Is Self Assessment tax return required?
Hi Rustem,
To give you the best advice here, we may need to review your record, and your codes. To allow us to do this, contact us by webchat or phone via: Self Assessment: general enquiries.
Thank you. -
Inquiry Regarding Tax Obligations for Funds Transferred from Property Sale in Europe
Hi taxhounter,
If UK tax resident and domiciled, you are liable on your worldwide income and as such need to declare the gain made on selling the property. if Italian tax has been paid, you can claim foreign tax credit relief to set against any UK tax doe the same source of income.
Thank you. -
RE: Tax free amount on my pension is more than my estimated income from the pension
Hi Tim,
To advise you on how your codes have been calculated, and update those codes, we would need to review your record.
Contact us by webchat or phone via:
Income Tax: general enquiries to allow us to do this.
Thank you. -
RE: Asked me to send a self assessment tax return for four years
Hi Charlotte,
For the years where your income was less than £1000, you do not need to file a return.
If we have requested returns which you do not need to file, contact us by webchat or phone via:
Self Assessment: general enquiries and we can review your record.
Thank you. -
RE: Help with sending first self assessment tax
Hi Mark25810,
That is certainly possible - if your tax free allowances were not entirely used by your PAYE employments, the unused allowances will then be applied to your Self Assessment income.
If you would like us to confirm and explain your calculation, contact us by webchat or phone via:
Self Assessment: general enquiries.
Thank you. -
RE: Online chat opening hours
Hi PeterRabbit,
I am sorry to hear that you have not been able to talk to anyone on our Webchat service yet. While advisors may not be immediately available when we experience high volumes of customer contact, our webchat service is manned between 8am and 8pm.
Thank you. -
RE: Entering my one off pension payment in SA
Hi robhoney,
You would enter in box 1 on TR4 on main return SA100 Payments to registered pension schemes where basic rate tax relief will be claimed by your pension provider (called ‘relief at source’). Enter the payments and basic rate tax. Yes it would be £6250 that would be entered.
Thank you.