HMRC Admin 32 Response

Hi,

If the property is jointly owned by your parents, they each may have a capital gain tax liability if they gift the property to you and or your siblings. If a gain arises, they each will have 60 days from the completion date to report and pay any Capital Gains Tax.

There is a capital gains calculator at:

Work out tax relief when you sell your home

If you own your home (or a share in it) your tax-free threshold can increase to £500,000 if: you leave it to your children (including adopted, foster or stepchildren) or grandchildren and your estate is worth less than £2 million.

You may wish to speak to inheritance tax regarding any inheritance tax implications

How Inheritance Tax works: thresholds, rules and allowances

Inheritance Tax: general enquiries

You may also want to review the guidance at:

How Inheritance Tax works: thresholds, rules and allowances - Overview

Thank you.

Hi HK user & mrk.li

If you qualify for split year then you only report any foreign income for the UK part of the year.

RDRM12000 - Residence

If you do not qualify then you will need to report all your foreign income to the UK.

Tax on foreign income

The guidance at RDRM12150 at GOV.UK will help you work out if split year treatment applies. 

Thank you.

Hi natty,

If you contact our Income Tax team by telephone or writing we can update this.

Income Tax: general enquiries

Thank you.

Hi,

Our timescales for repayment returns is 30 net days so I'm surprised you have not heard anything by now.

Please contact our VAT team again as we will need to find the officer who is processing the claim and get in touch with them urgently.

Thank you.

Hi,

HMRC would have no issue with that.

Thank you.

Hi,

A P85 should be used to inform HMRC that you are leaving the United Kingdom.

Get your Income Tax right if you're leaving the UK

There is a self assessment criteria tool, which will help you work out if a tax return is required. If a tax return is not required, you will need to contact HMRC to advise them of this. This will prevent future tax returns being issued.

Thank you.

Hi,

You would need to contact our income tax team to request this.

Income Tax: general enquiries

Thank you.