HMRC Admin 8 Response
-
RE:Statutory Residence Tests - what qualifies as 'work'?
Hi,
Definitions are outlined at:
RDRM11740 - Residence: The SRT: Days spent in the UK: Work for the purpose of the SRT
Thankyou -
RE: Foreign tax relief credit
Hi,
The answer to your question is yes you can.
Thankyou. -
RE:Mortgage - Fees and Mortgage Interest Relief
Hi,
You cannot claim actual mortgage payments as an expense against your property income, only mortgage interest.
For more information, please refer to:
Restricting finance cost relief for individual landlords
Thankyou. -
RE:Split of profits - four owners FHL in the EEA
Hi,
As the FHL is owned by four menbers and you all own 25% of the the income received. all parties should report their income or losses received on the self assessment tax return.
Thankyou. -
RE:VAT Amendment - I haven't heard back
Hi,
Please allow 30 days for the correction team to review the case.
If you have not heard anything after 30 days please call the VAT helpline on 0300 200 3700 so they can check on this for you.
Thankyou. -
RE:Calculating potential lost revenue
Hi,
You do not need to work out any penalties that might be charged. HMRC will notify you of this.
If you have declared and paid your taxes in Spain, then you will also need to complete a foreign income page and claim Foreign Tax Credit Relief to account for the Spanish taxes paid.
If you have received correspondence from the Worldwide Disclosure Facility, there should be a phone number included for you to contact them with any queries you might have.
Thankyou. -
RE:Expenses Prior to Grant of Probate
Hi,
Please refer to the guidance linked below. The beneficiary of the estate can take ownership when the Administrator gives 'Assent' even if you don't take possession of the property at that time.
If you are intending to let the property, you would be looking at the pre letting expenditure from that date.
Pre letting expenditure is covered at:
PIM2505 - Beginning and end of a rental business: commencement
So ultimately, you have got to agree the date of 'assent' with the Administrator:
TSEM6115 - Legal background to trusts & estates: administrators give assent
TSEM6115 - Legal background to trusts & estates: administrators give assent
Thankyou.