BellaBoo

Hi, not an Admin but may be able to offer a bit of explanation. There is no gift aid allowance so I'm unsure what you mean when you refer to using your allowance. If you choose to carry back a contribution you must carry back the whole contribution. So cannot elect to only carry back £10,000. It is all or nothing. If you didn't pay enough tax to cover the gift aid then it will result in tax being owed to HMRC.

Hi, I am not a HMRC Admin but you may want to read the following link as married couples cannot only assign a right to income for tax purposes. You would need to also give a right to the capital if you wish to transfer the income. https://www.gov.uk/hmrc-internal-manuals/trusts-settlements-and-estates-manual/tsem4205

Hi, I am not an Admin but think I may able to help. The difference is where the property is being let as residential accommodation (for someone to live in) versus anything else. If you read Q4 and Q7 (the information under them) they both specify it applies to furnished accommodation. As you are letting furnished office space rather than furnished accommodation, rent a room can't apply. Although Q4 could definitely be clearer and should say this means rather than this includes.

You need a separate GG account for your ltd company. Your company is separate from you legally so you cannot mix your records with theirs. Not sure about the email part but generally most systems will only allow an email address to subscribe once so I'd put my money on HMRC being the same.

Hi, I'm not an Admin but whoever is executor can authorise you which should hopefully get the ball rolling on finding out why HMRC think a return is needed.

Hi, I am not a HMRC Admin but a married couple cannot assign only the right to income for tax purposes. This is due to the rules on settlements when what is being gifted is only a right to income. https://www.gov.uk/hmrc-internal-manuals/trusts-settlements-and-estates-manual/tsem4205 So if you do a deed of assignment for the rental income only then, for tax purposes, it is still treated as your income. This is why you need to gift the capital too. So it then isn't wholly or substantially a right to income. However as per example 4a, there can't be any arrangement where you can request it back as while it isn't wholly or substantially a right to income, it isn't an outright gift either and it is only outright gifts that are an exception for settlements.

Hi Admin, ballygirl G is not asking if ESA is taxable income. They are asking if it is relevant earnings for pension tax relief purposes. https://www.gov.uk/hmrc-internal-manuals/pensions-tax-manual/ptm044100#earnings

Hi, not an Admin but you have misunderstand some fundamentals. NI is calculated on gross earnings while income tax is calculated on gross taxable earnings. The difference is normally under net pay pension contributions. If your pension is under net pay, your NI is calculated on 100% of your earnings before pension contributions are deducted but income tax is calculated after pension deductions (so you get tax relief on the pension but not NI relief). But you do not get tax relief on NI contributions whether you are paying employee NI or paying voluntary NI. So your belief that an employee saves tax when they pay NI is incorrect. It is calculated on gross earnings but NI contributions do not reduce gross taxable income. So you are not losing out :)

Not sure if Barry Winters is getting notifications and still reading this but if he is, he made a few fundamental errors. The main one being that "sold" means for legal tender. Legal tender only has relevance for being sued for non-payment of a debt (in that you can't be sued if you pay into court using legal tender). It has no bearing on ordinary transactions. A contract of sale requires both parties to provide consideration but consideration is merely something of value. It doesn't have to be money (whether an official currency or otherwise), just something of value. So yes, if you swap one crypto for another you have entered into a contract of sale (both of you are providing consideration in the form of crypto) and disposed of an asset for another asset. This means you have a £1k gain and then when it comes to disposing of the ETH your acquisition cost for it is £2k.

Hi, not an Admin however I believe you are asking if it is relevant for the purposes of pension tax relief rather than adjusted net income, ESA is income but it is not earnings and it is only earnings which are relevant for your pension tax relief.