HMRC Admin 8
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Re:Overseas Inheritance tax and income
Hi,
As questions 1 & 2 of your query relates to Inheritance Tax, we would advise to contact the Inheritance Tax department on 0300 123 1072 from the UK or +44 300 123 1072 from abroad, or send in a letter to Inheritance Tax, HM Revenue and Customs, BX9 1HT, United Kingdom.
In regard to declaring dividends less than £2,000, this would depend on their individual circumstances and where such dividends have arisen from.
We would suggest checking the Self-Assessment criteria tool:
Self Assessment tax returns
Thank you. -
Re:Application for NRL1i as an individual
Hi,
As your question relates to the Non Resident Landlord Scheme, lease phone 0300 322 9433 or write to Charities, Savings and International 1, HMRC, BX9 1AU for further information.
Thank you. -
Re:Scotland - Transfer Property Income to Wife
Hi,
If you jointly own property with your spouse or civil partner and want to change the split of rental income received for tax purposes, you should complete Income Tax Form 17.
Declare beneficial interests in joint property and income
Thank you. -
Re:Deed of Assignment Rental Claim
Hi,
You need a Form 17 & Deed of Trust or Deed of Assignment. No there are no legal requirements for this to be drafted by a Solicitor however there must be a witness.
When an individual executes a deed their signature must be witnessed. A party to a deed cannot be a witness to another signature to that deed. Legislation does not prohibit a signatory’s spouse, co-habitee or civil partner from acting as a witness and it is also generally acceptable for an employee of a party to witness that partys' signature.
However it is best to ensure independent witnesses are sought to ensure unbiased evidence can be provided if and when required.
The Deed of assignment has to be sent to HMRC with a Form 17.
Thank you. -
Re:CGT on transfer of shares from non isa to an isa account
Hi,
We cannot comment on scenarios, only provide general information / guidance in this forum.
Please have a look at the following guidance:
Tax and Employee Share Schemes, regarding the transfer ot the shares to a stocks and shares ISA, provided you ISA provider agrees.
You can transfer up to £20000 of employee shares into your stocks and shares ISA in a tax year.
Thank you. -
Re:Unit Trust Capital Gains calculation
Hi,
Units in a trust are treated as if they are shares in an ordinary company. They are declared in a self assessment tax return on a paper SA108, under listed shares and securities or in the online tax return under capital gains in the listed shares and securities option.
They will be able to provide you with the figure to include on the tax return, so that any gain is taxed accordingly.
Thank you. -
Re: 'Non-domiciled' residents and dividents from UK companies
Hi,
HMRC does not issue a certificate for dividends paid to a director from a UK company.
This is something the individual and the company would decide and the individual would report this in a self assessment tax return if the dividends exceed £10000.00.
Thank you. -
Re:CGT on sale of property following divorce
Hi,
Please have a look at the following guidance:
Money and property when you divorce or separate
You would need to seek legal advice as to whether a consent order is the same as a formal divorce order.
Thank you. -
Re: Cash Isa Transfer
Hi,
You cannot open two of the same ISA in the same tax year at this time.
From 6 April 2024, there are changes to the rules on how ISA's operate.
You will be able to pay into multiple ISAs of the same type, but still limited to £20000.
Thank you. -
Re:Tax on repayment of loan for ex-wife's home
Hi,
Provided the lump sum was in pounds sterling, the sum you receive, minus the original lump sum will be taxable as interest and not capital gains.
Thank you.