HMRC Admin 8 Response
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RE:QROPS From funds solely originated from UK registered pension funds
Hi,
If the full amount of withdrawal is the tax free lump sum then you do not declare this.
Thankyou. -
RE:Paying lump sum into personal pension from gross dividend
Hi,
As a pension doesnt count as earnings for relief to be applied, no.
Thankyou. -
RE:Applying Private Residence Relief to a family home in Poland
Hi,
As you have not actually lived in the property since you became the legal owner, no private residence relief is actually due:
HS283 Private Residence Relief (2024)
Thankyou. -
RE:Remitted foreign savings (arising basis)
Hi,
If claiming the arising basis you report all your income whether you remit it to the UK or not and this applies to all sources. you can see the full breakdown of your calculation by selecting the view/print your calulation button.
Thankyou. -
RE:Email contact with HMRC
Hi,
As your personal allowance £12570 will be used by your PAYE employment then your self employed income will be taxable.
When you submit your Self Assessment tax return you will declare both your PAYE and self employmed income and any tax due on your self employment income will be calculated.
Thankyou -
RE:Why do I have a first, second payment and a balancing payment due before 31/1/25
Hi,
The payments on account are due 31 January & 31 July so would not be due on the same day.
If you want to review your statement you can contact HMRC to access your record to check the detials:
Self Assessment: general enquiries
Thankyou. -
RE:CGT on inherited overseas non-main residence property
Hi,
As the property was inherited by three people, any gain arising from its disposal is shared equally, 3 ways.
The probate value of the property is the value at the time you and your siblings inherited the property.
You will need to conver the probate value to pounds sterling using a just and reasonable exchange rate in place at the time you inherited the property. You will also be required to convert the disposal value into pounds sterling, using a just and reasonable exchange rate in place at the time of disposal. Please see CG15160 onwards, to determine costs (in pounds sterling) that can be deducted.
If the property is disposed of, at 'arms length' for less than the probate value, there is a loss arising.
No capital gains tax is payable, but if you are a UK resident at the time of disposal, you will still be required to declare the disposal in the in the foreign section and capital gains sections of a self assessment tax return.
If a gain arises, you would report the gain and claim a foreign tax credit for up to 100% of the foreign tax paid.
There is a calculator at:
Tax when you sell property which may help you work out your gain/loss
Thankyou -
RE:Relief for interest on existing joint mortgage
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RE:Reclaiming income tax from bonus clawback
Hi,
We are unable to answer queries relating to issues with personal records.
Please contact HMRC Personal Taxes Helpline on 0300 200 3300.
Thankyou. -
RE:Tax relief
Hi,
Please see the following link for further information:
Claim tax relief for your job expenses
Thankyou.