HMRC Admin 8

Hi,
We can confirm that in respect of your rental income from a Furnished Holiday Let you will be entitled to claim AIA in respect of the fitting of solar panels.  
As you have stated you can just include the amount of your AIA claim (together with any other capital allowances being claimed) in the Box 'Other Capital Allowances'. 
Thankyou.

Hi,
You would not be able to claim any expenses in respect of the accountancy fees incurred in the preparation/ completion of your tax return in respect of your rental income as this expense would not be deemed as being wholly and exclusively in respect of the rental property.
The tax return will be completed to reflect the overall amount of your income from all sources.
Please refer to the following guidance:
PIM2010
In respect the use of Simplified expenses we would advise you that this type of expenses are a way of calculating business expenses using flat rates instead of working out the actual business costs incurred.
This would usual apply to Self Employment income.
In respect of  proprerty rental income then you would calculate your allowable expenses using the figure of actual expenses incurred.  
Thankyou  

Hi,
The following links provide specific guidance on the potential Capital Gains tax implications of selling stamps:                            
CG76883                                                        
Capital Gains Tax on personal possessions                                                      
You have to submit a tax return if :
you  sold or disposed of chargeable assets which were worth more than £49,200:
your  chargeable  gains  before  taking off  any  losses    
were more than £12,300 (‘annual exempt amount’)
you  have  gains in  an earlier year taxable in this period
you  want to  claim  an  allowable capital loss or make a capital gains claim or election for the year:                                                
Capital Gains Tax summary notes
Thankyou.

Hi,
Please have a look at the examples of S104 holidngs and HS284 Shares and Capital Gains Tax (2023)
The pool of allowable cost is adjusted each time an ‘operative event’ occurs.
An operative event is anything which reduces or increases the value of the pool of cost.
Purchases and sales of shares are the most common examples of operative events.
Thankyou.

Hi,
As you state the same day and bed & breakfast identification rules can be found at CG51560. the 'same day' takes priority then 'bed & breakfast'
The normal way will depend on if the transactions form part of the original Section 104 or if a new holding is required.  
The time of the acquisition or disposal will not matter so long as it is on the same day.  
More information on FIFO found at CG51565.  
Regarding Self Assessment, HMRC takes the approach of process now check later.
Thankyou.

Hi,
A Deeply Discounted Security (DDS), such as a US Treasury Bond (T- bill) would normally be subject to UK income tax on maturity, like a chargeable event gain, unless it is redeemed or sold before maturity, then the transaction may be subject to capital gains tax (CGT).  
Please therefore refer to SAIM3010 - Deeply discounted securities: introduction  onwards & CG54600 - Deep discount securities: introduction  onwards as you will need to determine whether the charge will fall under income tax or CGT in the first instance.
You may wish to seek independent financial advice if you are unsure which type of bonds you have.
Thankyou.

Hi,
It depends on whether or  not the future trades were 'closed out'.
To enable you to make an informed decision, please refer to the guidance at CG56063 - Futures: market practices: contracts closed out before maturity
CG56079 - Futures: closed out before maturity: CG treatment  and CG56081 - Futures: contracts not closed out.
Thankyou. 
 

Hi,
Yes it does, as long as you the employer are satisfied that the Bank Statement is detailed enough. 
Thankyou.

Hi,
You have taken the correct steps to correct our records to show that you are still entitled to claim the Employment Allowance.
If you have sent the submission on 19th January 2024 for Month 9 then it will not update until the 22nd January 2024 at the earliest.
This should then apply the credit back to your acount.
If after the 22nd of the month you see no change to your online account then please call the Employer Helpline on 03002003200.
Thankyou.

Hi,
This may now show as a credit on your account, if you contact us on 0300 200 3200 you may be able to request this is refunded.
Thankyou.