HMRC Admin 8 Response

Hi,
The gain should be reported. How to do this depends on your circumstances:
1. If you are already within Self Assessment you should report the gain in your Self Assessment return.
2. If you are not within Self Assessment but the gain (together with your other savings and investment income) exceeds £10,000, you should register for Self Assessment and report the gain in your Self Assessment return.
See the following guidance on how to register.
When reporting the gain in your return, use supplementary pages SA106
Include the details of the gain under ‘Other overseas income and gains’
3. If you are not within Self Assessment and the gain (together with your other savings and investment income) does not exceed £10,000, you should report it by either:
Contacting Self Assessment: general enquiries
Sending a copy of the chargeable event certificate to Self Assessment, HM Revenue and Customs, BX9 1AS.
Please include your National Insurance number.
Thank you.

Hi,
Please refer to:
Director's loans
Thank you.

Hi,
Yes.  If you were resident in the UK in the tax year in which you disposed of this property, then you need to report the disposal on a self assessment tax return, for capital gains purposes.  
To work out if there is UK capital gains tax to pay on this disposal, requires that you obtain the acquisition cost and expenses, such as solicitors fees, estate agent fees incurred at the time and convert this to pounds sterling, using a just and reasonable exchange rate for the date you acquired the property.  
You also need to do this with the disposal value and disposal costs.  
You deduct the acquisition cost, expenses and disposal exepenses from the disposal value, to work out the gain.  
If this property was your main residence for part of the ownership period, you may be entitiled to claim private residence relief.  
Have a look at the guidance at:
HS283 Private Residence Relief (2023).  
There is no tax relief available regarding the strength or weakness of exchange rates at different times.
Thank you.

Hi,
Yes.  You should write to HMRC at H.M. Revenue and Customs Self Assessment BX9 1AS, confirming the address at which you wish your main residence to be and the date that this should take effect from.
Thank you.

Hi,
Please refer to guidance at:
Selling online and paying taxes - information sheet
Thank you.

Hi,
HMRC cannot issue refunds to foreign bank accounts.
You will therefore need to provide details of a nominee that can accept your payment to a UK bank account. you will need to do this in writing and also return the cheque to confirm it has not been cashed.
Thank you.
 

Hi,
The link: Deemed date of contributions provides HMRC definition of 'deemed dates of contribution', based on current legislation.  
It explains which tax year your payments will be allocated against.  
For a more detailed answer to a question of this nature, you would need to contact our self assesment helpline on 0300 200 3310, contact our webchat facility at:
Contact HMRC or seek professional advice.
Thank you.

Hi,
Please refer to guidance at:
Remittance basis 2023 (HS264)specifically section 1.2
Thank you.

Hi,
If you no longer have a UK bank account then we can send the cheque to a nominee for you.
If you send a letter to HMRC with the nominess name and address this casn be arranged.
The address is:
HMRCSelf Assessment & PAYE, BX9 1AS UK.
Thank you.

Hi Ovi,
If you remain below the higher rate tax band with the combined income then you will be taxed at the basic rate for the second job if not based in Scotland.
You can check the rates at:
Income Tax rates and Personal Allowances
Thank you.