HMRC Admin 8 Response
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Re:CGT on transfer of shares from non isa to an isa account
Hi,
We cannot comment on scenarios, only provide general information / guidance in this forum.
Please have a look at the following guidance:
Tax and Employee Share Schemes, regarding the transfer ot the shares to a stocks and shares ISA, provided you ISA provider agrees.
You can transfer up to £20000 of employee shares into your stocks and shares ISA in a tax year.
Thank you. -
Re:Unit Trust Capital Gains calculation
Hi,
Units in a trust are treated as if they are shares in an ordinary company. They are declared in a self assessment tax return on a paper SA108, under listed shares and securities or in the online tax return under capital gains in the listed shares and securities option.
They will be able to provide you with the figure to include on the tax return, so that any gain is taxed accordingly.
Thank you. -
Re: 'Non-domiciled' residents and dividents from UK companies
Hi,
HMRC does not issue a certificate for dividends paid to a director from a UK company.
This is something the individual and the company would decide and the individual would report this in a self assessment tax return if the dividends exceed £10000.00.
Thank you. -
Re:CGT on sale of property following divorce
Hi,
Please have a look at the following guidance:
Money and property when you divorce or separate
You would need to seek legal advice as to whether a consent order is the same as a formal divorce order.
Thank you. -
Re: Cash Isa Transfer
Hi,
You cannot open two of the same ISA in the same tax year at this time.
From 6 April 2024, there are changes to the rules on how ISA's operate.
You will be able to pay into multiple ISAs of the same type, but still limited to £20000.
Thank you. -
Re:Tax on repayment of loan for ex-wife's home
Hi,
Provided the lump sum was in pounds sterling, the sum you receive, minus the original lump sum will be taxable as interest and not capital gains.
Thank you. -
Re:Regarding to counting the days to be Tax Resident (BNO)
Hi,
As you were only physically in the UK frm 1 March 2024, you would use that date when applying your 183 day rule.
Thank you. -
Re:UK/HK Double Taxation for Full Time Employment
Hi,
You would need to review the statutory residence test again once you return to the UK, to determine your tax resident then.
Thank you. -
Re:Redundancy paid into pension via employer contribution
Hi,
The pension threshold in 2023 to 2024 is either the total of your income earned or £60000, which ever is the lower.
You can carry forward unused allowance from the 3 previous tax years and add it to your threshold for the year, increasing it by the amount carried forward.
Where you exceed the new revised threshold, you need to report the difference in a self assessment tax return, so that it can be taxed accordingly. Check if you have unused annual allowances on your pension savings
Thank you -
Re:Self-Assessment for saving interest.