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Hi, my spouse submitted the marriage allowance application in mid-September so that part of his personal allowance will be transferred to me. I noticed that my personal allowance has not reflected the transfer yet, hence the calculated tax amount (for year 21-22) is overstated. How should I follow up on this? Shall I proceed to submit the self-assessment and pay for the higher tax first, and then follow up separately on the change of personal allowance?
I am the sole purchaser of the property and I fulfil the definition of first time buyer as stated in the guidance note (the above link - Chapter 3).
Would there be any impact on my status as a first time buyer, if my spouse owned a dwelling before but he won't be the purchaser of the property I am going to buy (i.e. it's not a joint purchase)?
Thanks. I have already reviewed the rules and understand I am qualified for the split year treatment.
My question is, when I fill in the self-assessment, whether I need to report income for the whole tax year or just those income from the time I become UK tax resident.
For example, I become a UK tax resident on 1 Feb 2021. My overseas income in the whole 2020-21 tax year is 1000 pounds, in which 50 pounds is incurred from 1 Feb 2021 till the end of 2020-21 tax year. When I fill in the tax assessment regarding the overseas income I have, shall I report 1000 pounds or 50 pounds?