HMRC Admin 8 Response

Hi,
You cannot carry forward unused tax free allowance from one tax year to the next.
Thank you.

Hi,
We would advise that as the years the losses arose were declared by yourself and should have been declared within 4 years of the losses arising, your husband would not be entitled to the benefit of earlier years losses, so would only be carried forwards by yourself against UK and overseas property business as appropriate.
You may wish to amend any years within the allowable 4 year window, however, this may affect your own tax liabilities.
Any losses arising from 5th April onwards would then be split between yourself and your husband under the new process.
PIM4210 
Thank you.

Hi,
In regard to question 1, you are correct no further relief would be due for personal pension contributions as these are taken gross, you would also declare your gross income before contributions as these are ignored for the purposes of calculating adjusted net income.
Regarding question 2, would be the total rental income minus costs.
Question 3/4, we would advise dividend & interest income below the allowance would count towards net adjusted income.
For further insight follow the attached guidance:
Personal Allowances: adjusted net income
Thank you.

Hi,
You are correct. We would advise declaring such licence fee within the professional fees box of the SA105 Property supplementary page. 
Thank you.

Hi,
The £1,000 property allowance is an option.  It is not compulsory.  
Thank you.

Hi,
1)    No change of ownership is required.
2)    Your wifes’ share of the income whatever it is should be declared on her tax return.
3)    No a Form 17 would not be valid in these instances but deed of trust is.  The guidance is here:
       TSEM9160 
4)    Yes you can submit a declaration of trust to HMRC.  You would send this thorough the post with a covering letter explaining the situation.  Please          make sure that both you and your wifes’ national insurance numbers are on the letter and that you have both signed the letter.  You are advised to            make a declaration of trust through a Solicitor.
5)    A declaration of trust is a legally binding document that creates a trust.  However most types of trusts giving an interest in property to somebody           who is not the legal owner now need to be registered with HMRC via the Trust Registration Service.  You can find guidance on the registration               requirements and how to register here:
       Register a trust as a trustee.  
       There’s also more information about what type of trusts need to be registered at:
       TRSM23050
       Thank you.
 

Hi,
The legislation passed as part of the budget.  The new rules will come into force from 06/04/2025.  
No a new claim for embedded capital allowances cannot be accepted on or after 06/04/2025.  
Existing claims for embedded capital allowances can be carryed forward.  
Where qualifying capital expenditure has been included in a capital allowance pool by 5 April 2025 writing down allowances, balancing allowances and charges can continue to be claimed after April 2025 on that pooled expenditure until it is used up or a small pool claim is made.
The guidance is here:
Clarification on abolition of the furnished holiday lettings tax regime
Thank you.

Hi,
If you are non dom & do not bring the income into the uk then you will not need to complete a tax return form.  
The guidance is here:
Tax on foreign income
Thank you.

Hi,
Yes, it is the latter figure you should report when calculating your annual estimated income.  
Thank you.

Hi GDG,
Please allow 10 working days for your payment of voluntary National Insurance contributions to be received and then call the National Insurance Helpline on 0300 200 3500 (from the UK) or +44 191 203 7010 (from overseas) and they will be able to help you further.  
Please have your payment details handy when you call as they will require these.
Thank you.