HMRC Admin 8 Response

Hi,
Yes.  If you were resident in the UK in the tax year in which you disposed of this property, then you need to report the disposal on a self assessment tax return, for capital gains purposes.  
To work out if there is UK capital gains tax to pay on this disposal, requires that you obtain the acquisition cost and expenses, such as solicitors fees, estate agent fees incurred at the time and convert this to pounds sterling, using a just and reasonable exchange rate for the date you acquired the property.  
You also need to do this with the disposal value and disposal costs.  
You deduct the acquisition cost, expenses and disposal exepenses from the disposal value, to work out the gain.  
If this property was your main residence for part of the ownership period, you may be entitiled to claim private residence relief.  
Have a look at the guidance at:
HS283 Private Residence Relief (2023).  
There is no tax relief available regarding the strength or weakness of exchange rates at different times.
Thank you.

Hi,
The link: Deemed date of contributions provides HMRC definition of 'deemed dates of contribution', based on current legislation.  
It explains which tax year your payments will be allocated against.  
For a more detailed answer to a question of this nature, you would need to contact our self assesment helpline on 0300 200 3310, contact our webchat facility at:
Contact HMRC or seek professional advice.
Thank you.

Hi Ovi,
If you remain below the higher rate tax band with the combined income then you will be taxed at the basic rate for the second job if not based in Scotland.
You can check the rates at:
Income Tax rates and Personal Allowances
Thank you.

Hi Davester1,
If you still have not received the repayment you will need to contact HMRC to review:
Self Assessment: general enquiries
Thank you.

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.

Hi,
Your employer's contribution to your pension scheme is not a factor when calculating the maximum amount that you can pay into a pension scheme and claim tax relief.  
It is your contributions that matter, not your employers.  If your income is £61000, then you can pay up to £60000 into your penson scheme and claim tax relief.  
Any unused relief from the 3 previous tax years can be carried forward and added to the threshold for the tax year in question.
Thank you.