kcsekcse
-
3rd automatic UK test
Please can you clarify. When choosing the 365 day period for the 3rd automatic UK test can I choose any 365 day period ? For example if in the last tax year I worked in the UK until May , travelled abroad in June and started a job abroad in November with a significant gap in employment , can I in theory choose 365 days that span those events? Or am I required to choose a 365 day period when I was working full time in the UK for the whole year? I have read RDRM11370 several times and am still confused. Thanks -
SRT work days calculation
The 3rd automatic overseas test states that 'the number of days in the relevant tax year on which the individual does more than 3 hours work in the UK is less than 31'. Please can you clarify, if I normally don't work weekends, but have a Mon-Fri job, do I subtract each of the non-working days from my work start and end date to calculate the number of days worked? -
Losses and adjustments
After selling a FHL I have a CGT gain of £40000 that I want to claim BAD relief on. I also have £3000 share losses in the same year and £5000 (box 27) share losses in the previous year (box 45) . I have read the help notes for the losses and adjustments section of the CGT forms, but still need clarification. 1. In box 50 (Gains qualifying for BAD relief) do I put the gain of 40000 or is it my gain minus my losses, so £32000? 2. In box 50.1 (Lifetime allowance) since I have no previous claims do I put the gain of £40000 or is it my gain minus my losses, so £32000? 3. In box 51 (Adjustment to CGT) do I put my total losses of £8000? -
Foreign income
I was starting to do my self assessment, but I am getting an error message saying that I have foreign income when choosing which forms I need to fill in. Is there a way I can query what this foreign income is as I am not aware that I have any. -
Business Asset Disposal Relief
I have recently sold my FHL and want to claim Business Asset Disposal Relief. When I bought the property it was a shop with no kitchen or inside toilet, and required converting to residential. When working out the gain, can I deduct the purchase and sale legal fees from the gain, and can I deduct any costs associated with the creation of a bathroom and kitchen?