HMRC Admin 8 Response

Hi,
As one cancels out the other, you can leave as it is.
Thankyou.

Hi,
The guidance on claiming overpayment relief is below:
SACM12150 - Overpayment relief: Form of claims
If your write in before 05/04/2024 you can claim back to the 2019-20 year.  
The address is:
PAYE Self-Assessment
HM Revenue and Customs
BX9 1AS
You can amend your 2021-22 online before the 31/01/2024 & your 2022-23 return before 31/01/2025 if you originally submitted those returns online.

Hi,
We would advise that as you are transferring 50% of the legal title to your Wife, that a Deed of Trust should be submitted updating the split in property to the 50/50 shares you have stated.
Although there is not an official HMRC template to use, various sources do offer material which would cover your situation.
We would advise to consult legal advice surrounding the requirements of the Deed as certain terms and conditions may have been included in the initial purchase of the property.
Thankyou.

Hi,
With the given information in your question and looking back at similar questions asked, if your rental business began on 2nd October 2023, we would not expect a Self-Assessment Tax Return to be submitted until after 6th April 2024 when the current tax year ends.
With this in mind, you would then check the Self-Assessment criteria to determine if a Tax Return is necessary for the first year of rental found here: Check if you need to send a Self Assessment tax return.
In terms of any penalties, I would not expect that any penalties would be applied to either record if registration is completed indicating that rental income commenced in the current tax year, 2023/2024.
Thank you.