HMRC Admin 33
-
RE:IHT CGT and Deed of Appropriation
Hi,
You are only due the capital gains exemption in the year the asset is sold. The guidance you are referring to is to let you know that as executor, you are allowed to claim the allowance for a limited period of time to allow you to finalise the estate.
Selling this year would mean only £3000 exemption is due on any gain made so if any tax is due you still need to report this:
Report and pay your Capital Gains Tax
For any other income received in the period of administration, you can write in with the details.
Thank you -
RE:Selling items online
Hi,
If the intention is not to make a profit then she does not need to register for SA.
She may, however, have to pay Capital Gains Tax if you make a profit ('gain') when you sell (or 'dispose of') a personal possession for £3,000 or more.
Thank you. -
RE:When and how do I need to declare share dividends
Hi,
It should be one declaration to confirm total dividends received at the end of the tax year.
Please see the following guidance:
Tax on dividends
Thank you. -
RE:Payment of £1000 taken twice
Hi,
HMRC cannot forcibly take money from a bank account without the owner's authority, and without significant prior warning.
However, if you mistakenly sent this amount and will suffer hardship as a result, write to us at:
Self Assessment, HM Revenue and Customs, BX9 1AS, confirming the payment amount, the date it was paid, along with the bank details you would like your payment to be repaid to, and the reason why you need it to be repaid.
Thank you. -
RE:Moving permanently to Dubai in Sept. Can I avoid double taxation?
Hi,
Please refer to the following Guidance:
Tax if you leave the UK to live abroad
Generally, you will be regarded as a Non UK Resident from the day after your leave the UK.
If you intend to live permanently in Dubai then any income earned in Dubai will not be subject to UK income tax.
Thank you. -
RE:Payment Plan Problem
Hi,
Please log in to your HMRC account, then select:
'Direct Debit payment'
Then select 'direct Debit reference'
Then 'Payment reference', providing any information requested.
You should then have the ability to amend, suspend or cancel your payments online.
Thank you. -
RE:Cash-basis tax return – claiming for ‘plant and machinery’ and asset disposals
-
Re:Tax on interest for deceased person's estate
Hi,
Please contact the Inheritance Tax team for advice:
Inheritance Tax: general enquiries
Thank you. -
RE: Inheritance Tax - normal expenditure out of income.