HMRC Admin 13 Response
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RE: Bare Trust for Non Res remainder beneficiaries
Hi
Thank you for your question. To find out who should apply and what can be accepted by the NRLS please contact them, details can be found at Non-UK resident landlords
Thank you -
RE: Income from room rent - property abroad
Hi
Thank you for your question.
Please refer to rent a room guidance on Renting out your property: Landlord responsibilities, Rent a room in your home: Becoming a resident landlord and Rent a room in your home: The Rent a Room Scheme regarding rent a room and available allowances.
If you decide to rent out the whole of your property then you will be required to complete a self-assessment tax return with an income from property page declaring the full income and expenses.
Actual income you receive from property income will be required to be reported.
Thank you
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RE: Inherited house and money abroad (EU)
Hi,
Yes. You only then declare any interest or dividends you get once the inheritance is invested.
Thank you. -
RE: Online SA100 submission together with 3rd party SA109
Hi,
No. All parts of the return must be submitted together
Thank you. -
RE: Qualifying period for FHL & CGT reliefs before April 6th 2025?
Hi,
Please refer to CG63975 - Business Asset Disposal Relief: qualifying disposals by individuals - HMRC internal manual
Thank you.
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RE: RE:Reporting CGT on Overseas Property sale
Hi, Papastrato
Yes you can claim private residence relief for the period you lived in it.
You can also claim foreign tax credit relief to reduce any UK tax on the same source of income. You will take the residence relief away from the taxable gain figure and state on the return that you are making an election for PRR.
For the tax paid in Spain you need to tailor your return to say that you are claiming relief for a foreign gain.
Thank you.