HMRC Admin 20 Response

Hi molly010295,
Please have a look at the tax treaty between the UK and the USA regarding independant.  (USA: tax treaties).  
You may find that your self employment income is only taxable in the UK.  
You may need to request a certificate of residence to provide to the IRS (How to apply for a certificate of residence to claim tax relief abroad) as well as register
for self assessment, as self employed.  (Check how to register for Self Assessment).
Thank you.

Hi,
Yes.  
Your wife will have to submit a claim to carry the losses forward, either in writing or in her self assessment tax return, if she completes one.  
In either case, both will require that you submit supporting evidence, including a calculation showing how the loss arises.
Thank you.

Hi Danielle Lane,
Please have a look at the guidanc at BIM45690 - Specific deductions - interest: Funding the business, as the interest may be an allowable expense.
Thank you.

Hi Joseph Gebbels,
UK-REITS and NON UK REITS are vehicles that allows an investor to obtain broadly similar returns from their investment, as they would have, had they invested
directly in property.  
In the hands of the shareholder, the profits paid out are known as property income distributions or dividends (PIDs) and are taxable in the same way as profits of a UK
property rental business. Where Non UK REITs are distributed, the profits and foreign tax deducted are declared in the foreign sections under 'income from land and
property abroad', where a foreign tax credit can be claimed.  
They are not taxed as dividends, but as property income.  
Foreign tax credit relief is restriced in a similar way to dividends.  
You can find the tax treaties at Tax treaties.
They should be declared in a tax return at Boxes 17 – 21 of page TR3 of SA100 or Page 2 of 3 of tailor your return - "Did you receive any other UK income, for example,
employment lump sums, share schemes, life insurance gains?".  
Non UK REITs should be declared in the foreign section.
Thank you.

Hi,
If you are not resident in the UK since Octover 2020, then there is no requirement to declare US social security in the UK.  
You may need to declare it in your country of residence, along with your state pension.
Thank you.

Hi,
The untaxed interest figure in your tax code is a prediction based on the previous year's figure, and may not update if a bank or building society informs us of a different amount received in the previous year.
If you would like to check and update the figure present in your current-year code, contact us by webchat or phone via Income Tax: general enquiries
Thank you.

Hi karan99,
Your Self Assessment return will always show the default code of 1257L, but if you include in your tax return the sources that increase your allowances to 1632L, you will receive the benefit of those allowances in your calculation.
If you would like further advice, we would need to access your record - contact us by webchat or phone via Self Assessment: general enquiries to allow us to do this.
Thank you.

Hi,
If on completing your P85 you provided UK bank account details, your repayment will be sent to that account.
Thank you.

Hi,
Gift aid relief would reduce the adjusted net income Personal Allowances: adjusted net income
Thank you.

Hi PB_1974,
There is no requirement to send notification of the transfer of assets between spouses and civil partners.  
It is only when the assets are disposed of, would any gain need to be reported.  
This may be with the realtime transaction service (RTTCGT) or a self assessment tax return, or both.
Thank you.