HMRC Admin 8 Response
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RE: Stock Valuation for Own Goods Introduced Into a New Business
Hi,
You would give details in the comments section to show this.
Thank you. -
RE:Interest generated in foreign bank
Hi,
If you are UK resident and domicile, you need to declare it even if you dont remit it and it counts towards your personal savings allowance.
If you are claiming the remittance basis and dont remit it, you dont need to declare it.
Thank you. -
RE:Inheritance
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RE:Sipp & Stakeholder: Withdrawal and Gifting
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RE:Tax Relief for Withholding Tax
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RE:CGT on former marital home after divorce and then renting out
Hi,
The mortgage is not an allowable expense for capital gains and it is based on the original purchase price. her share would be 50%. the additional 50% would then be the value of the house when she bought out her ex husband. PRR is allowable for the period she lived there. she cannot claim for the improvement as rleief has laready been claimed through the rental side.
Thank you. -
RE: Working overseas
Hi,
If you do not meet SA criteria for the year, and need to notify HMRC that you do not need to complete a tax return, you find the online submission form here:
Self Assessment tax returns
Thank you. -
RE:Beneficial ownership - who pays the CGT? Can I use CGT allowance without beneficial ownership
Hi,
As legal owner you are liable but as you state she has beneficial ownership, this would need to have been done legally to show that she is entitled to all of any income arising. if so, then she is solely liable on any gain made.
If there is no legal documention showing the beneficial ownership then you are both liable.
Thank you. -
RE:Payroll - Change of employee tax code - refund tax
Hi,
Please contact HMRC directly on 0300 200 3200 so we can look into your account.
Thank you. -
RE:Change of Name on PAYE account
Hi,
If the legal entity of the business hasnt changed then you may be able to update this on your business tax account, or you can contact us on 0300 200 3200.
Thank you.