HMRC Admin 19 Response
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RE: Opening Multiple ISA's today and now changed mind. How much can I invest?
Hi,
You can see guidance here:
Individual Savings Accounts (ISAs)
We cannot advise you on where to invest your money as this is financial advice which we are not authorised to give.
Thank you. -
RE: Does transferring money to an isa from shares count as profit or not
Hi,
You need to transfer the shares to the ISA within 90 days of when you received the shares. If you have actually sold them then this is still a capital gain that would need to be reported if over £3000 for 2024 to 2025, £6000 for 2023 to 2024.
Thank you. -
RE: NRE and NRO interest India
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RE: Can certain legal costs be deducted from CGT on a property sale
Hi,
You can see guidance here:
CG15250 - Expenditure: incidental costs of acquisition and disposal
Thank you. -
RE: CGT - Treatment of new shares from a SCRIP Dividend Scheme
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RE: Company Sale Tax Implications
Hi,
You can see guidance here:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. -
RE: CGT - Treatment of Proceeds from Rights Issue
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RE: Reporting CGT on Overseas Property sale
Hi Paulj20,
You also need to declare the sale in the UK. You can claim Foreign Tax Credit Relief for the Irish tax paid to set against any UK liability. You can see guidance here:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. -
RE: overseas gift
Hi,
There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax. Further guidance can be seen here:
Tax on savings interest
Tax on dividends
Thank you. -
RE: Beneficial Loan P11d to an ex employee
Hi,
Yes, that is correct.
Thank you.