HMRC Admin 13 Response
-
RE: CGT on gifted stock/share
Hi Yes. if the value has increased CGT may be due. The purchase price to work out the gain is what you paid for it and any amount over that falls into CGT category. The current annual allowance is £3000 so anything over that you would pay CGT Thank you -
RE: Capital Gains and Self Assessment
Hi As you are completing a return for the year concerned then you will have to declare the sale on the return as well. Thank you -
RE: ISA Transfers and new ISAs
Hi Yes you can. You would need to arrange that with your provider and pension company Thank you -
RE: Self-employment and foreign income
Hi
Please see guidance atPaying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you -
RE: Capital Gain and foreign dividend - Use of exchange rates
Hi
Old exchange rates are now held in the National Archive. The information can be found here HM Revenue & Customs: Exchange rates
Thank you -
RE: Refund for the tax paid already in both UK and Hong Kong (Double Taxation)
Hi
You can claim foreign tax credit relief for the tax paid in Hong Kong.
An amendment to your tax return with the amount (converted to sterling) will have to be made.
Please see Relief for foreign tax paid (Self Assessment helpsheet HS263)
Thank you -
RE: Paying salary into an employees pension
Hi
When an employee enters into a salary sacrifice agreement, they give up the right to the money and any subsequent contribution into a pension scheme would always be an employer contribution.
There is information at Salary sacrifice for employers.
I would also advise calling the Employer Helpline on 0300 200 3200 for more information as it is not clear exactly what your employee is looking to salary sacrifice and the tax/NIC implications.
Thank you -
RE: PAYE tax codes not importing onto our payroll
Hi
Please call the Online Services Helpdesk on 0300 200 3600 for assistance with your issue.
Thank you -
RE: Foreign Pages - Rental income 20% tax relief for finance cost Glitch
Hi Prabakarparth
Thank you for your original question
I'm sorry to hear of your IT issues. Nothing of a similar nature has been reported to our Online Helpdesk at Self Assessment: online technical support.
We would suggest that you either:
• contact our helpdesk on 0300 200 3600 to advise of the issue and seek to resolve this with them or
• complete a paper version of the return along with income from property pages and send them in with a draft letter with your findings before the 31st October.
Thank you. -
RE: UK Tax on a Canadian RRSP
Hi Canada Expat,
Many thanks for your post regarding ‘Withdrawals from Canadian RRSPs/RRIFs’.
I can confirm that previous guidance at DT4617 has been archived and replaced with updated instructions at DT4605 - Double Taxation Relief Manual: Guidance by country: Canada: Notes - HMRC internal manual
Thank you