HMRC Admin 19 Response
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RE: Report losses from previous years to use as carry forward
Hi,
You need to report it before submitting the tax retrun as we need to be aware of it prior to claiming the relief.
Thank you. -
RE: Private Residential Relief
Hi,
No, any gain is based on the increase in value from date bought to date sold. The Private Residence Relief then applies for the period you lived there to reduce the taxable gain due.
Thank you. -
RE: Partner paying ‘rent’ - is it taxable?
Hi,
If you are both living in the property, then this would be a contribution to the household expenses. If your partner is living in it and you are not, then this is rent and needs to be declared.
Thank you. -
RE: Calculating Net Adjusted Income for Child Benefit High Income Tax Charge
Hi Mattia,
If the pension contributions are deducted from your pay before the tax is calculated, then the figure will be your taxable pay which should be your gross pay minus the pension contributions.
Thank you. -
RE: Capital Gain Foriegn Shares
Hi,
You will show it under the foreign section and the capital gains section of the return.
Thank you. -
RE: Transitional Tax Free Allowance Certificate TTFAC - Pension Change
Hi,
You would need to get an updated certificate to show the correct LTA, as this could impact future withdrawals.
Thank you. -
RE: Interest gain from Hong Kong for tax years 2023-2024
Hi,
Receipt of foreign interest is a Self Assessment criteria, and you will need to complete a tax return to delcare this.
Thank you. -
RE: CGT liability following transfer of equity
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RE: Tax on Dividend and capital gains from shares in the ESPP plan
Hi,- The dividends are not, as they are automatically reinvested by the company.
- You need to report the sale of the shares and if any CGT is due then you can offset any foreign CGT paid to reduce your bill.
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RE: Capital gains TAX on non cashed out crypto assets.