HMRC Admin 19 Response

Hi,
Your own labour can not be claimed as an expenses against your self employment profits for Income Tax purposes.  
The value of the asset at the end of the production does not have an impact on the overall profits reportable on your return and only on your balance sheet. When the product is sold the sale value should be included as trading profits.  
You can see guidance for valuing stock for balance sheet purposes here:
BIM33135 - Stock: valuation: lower of cost and net realisable value: cost
Thank you.

Hi,
If you contact our Self Assessment team we can update your name if it is incorrect on your record. Once updated this should allow you to then register for Self Assessment online.
Self Assessment: general enquiries
You can also download and submit the registration form SA1 by post:
Register for Self Assessment if you are not self-employed
Thank you.

Hi,
We are sorry you are having issues accessing your online account. If unable to self serve online you will need to contact our online services team for assistance.
Technical support with HMRC online services
Thank you. 

Hi,
We cannot advise on this matter.  
You can see the guidance here:
IPTM3500 - Calculating gains: general
and guidance on partial surrenders regarding the ‘5 per cent rule’ here:
IPTM3560 - Calculating gains: part surrenders and part assignments: ‘periodic calculations’ and ‘excess events’: calculation method  
The event is known as an ‘excess event’.
Thank you.
 

Hi,
You can see guidance here:
CG15250 - Expenditure: incidental costs of acquisition and disposal
CG15180 - Expenditure: enhancement expenditure 
Thank you.  

Hi,
You can see the guidance here:
HS321 Gains on foreign life insurance policies (2024)
Thank you.

Hi,
There are no tax implication from the transfer of assets between a husband and wife or civil partners. When your wife acquires the assets from you, she acquires them at same the value you acquired them for. This is the acquisition value used when working out the gain.
Thank you.

Hi,
This is foreign self employment income. As no tax was deducted from it, you can declare it in the SA103 for self employment. You will need to convert to UK pounds sterling.
Thank you.

Hi,
You can open more than one ISA, but if you have contributed the £20000 for this current tax year, then you cannot make any further deposits until after 6 April 2025.
Thank you.

Hi,
As you have not lived in the property for the whole period of ownership, capital gains may be be due. You can see guidance here:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you.