HMRC Admin 19 Response

Hi,
Yes, you can claim Private Resdience Relief for the period it was your main residence.
Thank you.

Hi,
As the income arose in the actual trust in 2023 to 2024, it needs to be declared as 2023 to 2024 income.
Thank you.
 

Hi,
No election is required as it is the first house that is rented out. The Private Residence Relief will only be applicable when you come to sell and we cannot comment on what this will be as legislatoin can change.
Thank you.

Hi,
Please contact the Stamp Duty Land Tax team for advice.
Stamp Duty Land Tax
Thank you.

Hi,
You can see guidance here:
Tax on foreign income
Thank you.

Hi,
If there is any gain to report, then yes.
Thank you.

Hi,
You do not need to register for 2024 to 2025 as your income is below the trading allowance, but you will need to going forward if you expect your income to exceed the £1000 limit.
Thank you.

Hi,
If you cannot access it until the bond matures it will be in the 2025 to 2026 tax year that you declare it.
Thank you

Hi,
If it has been your main residence for the whole period of ownership and not rented out, then it is unlikley.
Thank you.

Hi,
If you are a sole trader then you do not need to register as a company.
The balance due from your self employment income will be calculated once you submit your Self Assessment tax return. 
Thank you.