BellaBoo

Hi, I'm not HMRC Admin but your question is an easy one. Employees realistically can only claim for the extra unit cost of utilities (gas, water & electric) used in performing the duties of employment (and business telephone calls if they're not part of a free package or broadband if your Internet is metered). This is because in order to claim as an employee, the expense must be wholly, exclusively and necessarily incurred performing the duties of employment and you must be obliged to incur the expense by reason of holding the employment. Mortgage interest/rent and council tax cannot be claimed as they weren't incurred in performing the duties of employment. If the broadband is a fixed cost then it as before it wasn't incurred in performing the duties. https://www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim32820 https://www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim32815

Hi, I'm not a HMRC Admin but contributions to a relief at source pension do not reduce your taxable income, they increase your basic rate band. This is because the pension provider will claim the basic rate tax relief and pay it into your pension. So if you wanted to contribute 10k to a pension, you would pay 8k from your take home pay and pension would add 2k, bringing the total contribution to 10k. In order to get 8k take home, you'd have to have earned 10k and paid 20% (2k) in tax. So that 2k you paid isn't lost, it is paid into the pension. If your scheme was deducted before tax, you'd have to pay 10k gross into the scheme (and had you not paid it in to pension, you would've received 8k into take home). So hopefully that helps explain that even if you do include them on the self assessment, it will not affect your tax liability if you are a basic rate payer.

Hi, I'm not HMRC Admin but can answer your question. Your personal allowance for CGT does not rollover if unused. If you dont use it then it is lost. Therefore you only have the allowance in the year of disposal which would be £3000. However you can apportion the gain for the time it was your main residence and because it was your main residence the last 9 months will also qualify for primary residence relief.

Hi, not a HMRC Admin but it looks correct. You seem to be taking what the £510 would've cost you in tax in trying to work out the cost to you but you would never have the £204 even if yiu took the allowance so that can't be a cost to you. The cost to you would be the £296 you would've received as pay had you taken the allowance. But salary sacrifice you sacrifice the gross, not the net. So the correct figure is the £510. Sorry it isn't better news I'm bearing.

Hi, I am not a HMRC Admin but may be able to answer. Salary sacrifice is a contractual matter between you and your employer so sadly there is no way to claim this from HMRC. However the contributions you are making from net pay will be reducing the benefit in kind value reported on your p11d. So it saves you tax that way.

Hi, im not a HMRC Admin. But if you've only transferred the income to your husband then I'm afraid it is you who is still taxable on it as what you have gifted is a right to income while retaining an interest. https://www.gov.uk/hmrc-internal-manuals/trusts-settlements-and-estates-manual/tsem4205 For spouses you need to gift the equity/capital as well as the revenue.

Hi, I'm not a HMRC Admin but if they're an approved organisation then they'll be on the list.

Sorry to interuot but I believe you've been given incorrect information. If your father is disposing of the beneficial interest to an LLP then he won't own the property or any income from the property, the LLP will. Nor will he be able to dispose of his beneficial interest if there is a mortgage on the property (at least not without repaying the mortgage). It is also the transfer of beneficial ownership that is relevant for CGT (legal owner is just a formality, it is the beneficial owner that is the real interest and that tax is concerned with). So disposing of the beneficial interest will give rise to CGT. https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg70230 https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg11700p

If your client owns 100% of the property then they will own 100% of the rental income. The assumption about it being split equally only applies to property held jointly as tenants in common and is only really relevant where the shares they hold are unequal. If they held it as joint tenants or as tenants in common with an equal (50/50) split then they could only be taxed on a 50/50 basis. While if they own as tenants in common in shares of say 60/40, they will be taxed on a default 50/50 basis unless they use form 17 to declare their split is 60/40 (and they'd then be taxed on the 60/40 basis rather than the default 50/50).

Just to clarify what HMRC have said (I may be mistaken but it doesn't sound like you've understood them), you cannot use the rent a room scheme even for the furnished letting if you also have receipts from unfurnished accommodation or for letting property that isn't residential at all (as in the case of the room being let as a yoga studio). This means you can either claim your actual expenses against the total rental income from both lettings or the property allowance of £1000. But you cannot claim rent a room relief for either letting.