HMRC Admin 18 Response

Hi,
Please have a look at the guidance at: Check if you have unused annual allowances on your pension savings.
Thank you.

Hi,
Please have a look at the guidance at CG59510: (CG59510 - Shares and Securities: Valuation of shares and securities: Valuation of quoted shares: definition of market value) CG59514: (CG59514 - Valuation: quoted shares: further points) for quoted shares and CG59540 for unquoted shares:
(CG59540 - Shares and Securities: Valuation of shares and securities: Valuation of unquoted shares: Valuation: unquoted shares: market value rule).
Thank you.
 

Hi,
Yes.  You can choose from the monthly, annual or spot rate or from somewhere of your own choosing such as the stock exchange.
Thank you.

Hi,
S223(3) TCGA92 treats certain periods of absence from a residence as periods of residence if the conditions set out at CG65046 are fulfilled.  
(CG65046 - Private residence relief: periods of absence: conditions).
Thank you.

Hi,
If you submitted your tax return online and now want to amend that return, you would need use a commercial return to submit the residence section to claim split year treatment.  You can only do this up to 31 January 2025, after which it will be to late to amend your tax return.  After thid date, you would have to submit an overpayment relief claim
(see:Self Assessment Claims Manual).
Thank you.

 

Hi,
You have to read the guidance on the meaning of a car at CA23510 (Capital Allowances Manual) and determine if your vehicle is a car or not.  We cannot make this decision for you in this forum.
Thank you.

Hi,
Please have a look at the guidance at: Capital Gains Manual, regarding the right of nomination of your main residence:
(CG64485 - Private residence relief: only or main residence: two or more residences: right of nomination).  
Private residence relief can be applied against your main residence.  Please have a look at: 
HS283 Private Residence Relief (2024) Updated 6 April 2024 .  
The 3 year rule would not apply, based on the information provided.
Thank you.

Hi,
EIS loss relief is declared in the unlisted shares and securities section of SA108 (capital gains).  Please have a look at the guidance notes for boxes 41 and 43
(Capital Gains Tax summary notes).  
If you do not need to complete self assessment tax return, please submit your loss claim in writing to HMRC and provide supporting evidence.
Thank you.
 

Hi cpdkalkan1, 
If you are resident in the UK when you dispose of the overseas property, you may have a capital gains liability.  Have a look at the guidance on private residence relief, which cover the periods where the property is your main residence.  As this property is overseas, you would be required to report the disposal on a self assessment tax return, even if there is no UK tax to pay.  If you dispose of the property before returning to the UK, there is no UK tax liability or anything to report.
Thank you.
 

Hi,
Please have a look at the tax treaties for the UK and India (Tax treaties).  With bank interest, you can claim up to 100% of the foreign tax paid.  Please have a look at: Article 11 – Dividends.  For an individual, the relief is limited to 15%.
Thank you.