HMRC Admin 32 Response
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RE: Income tax on automatically reinvested dividends
Hi,
If the company automatically reinvest them then no.
If it has been your choice to do so then yes.
Thank you. -
RE: Split year treatment and ongoing UK income from work pension
Hi,
We cannot comment on any form of calculation, example or scenario, whether fact or fiction. We can only point you the direction of the guidance, so that you can review the guidance and to allow you to make an informed decision.
If you qualify for split year then you only report any foreign income for the UK part of the year.
RDRM12000 - Residence: The SRT: Split year treatment
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. -
RE: Global income in India from mutual funds
Hi,- If UK resident and domicile you need to declare your worldwide income.
- The code will be for your PAYE income only.
- Depends on answer 1.
- Depends on answer 1.
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RE: split year
Hi,
Please refer to:
PIM2054 - Deductions: interest: restriction for income tax purposes from 2017/18
Thank you. -
RE: SIPP and ISA Contributions during Split Year periods
Hi,
You can still contribute up to 5 April 2025
Thank you. -
RE: Requesting a certificate of residence to prevent double taxation - confusing form
Hi,
The tax treaty is below and you can check this to see if the subject to tax conditions apply.
Peru: tax treaties
Thank you. -
RE: First Year Self Assessment, Employed & Self Employed
Hi,
The P45/P60 will show the pay and tax details for the the tax year so you would enter the details as shown you do not need to pro rata. The payments on account for the 2024 to 2025 tax year are based on your 2023 to 2024 tax calculation.
If the balance due is greater than £1000 and less than 80% of the tax deucted at source then payments on account are due. Details online at:
Understand your Self Assessment tax bill
Thank you. -
RE: Is capital gains tax due on a sum of money on death ex husband
Hi,
Whilst no IHT may b edue, you may be liable for CGT as the house was no longer your main resdience. please refer to:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. -
RE: Property Income Allowance
Hi,
Please refer to link below to ensure you meet the conditions for relief to apply.
PIM2054 - Deductions: interest: restriction for income tax purposes from 2017/18
Thank you. -
RE: What exchange rates should be used
Hi,
As this would be classed as a S104 holding please refer to below link, example 3.
Shares and Capital Gains Tax (Self Assessment helpsheet HS284)
Thank you.