HMRC Admin 20 Response

Hi,
This is for you to determine based on the guidance available.
Thank you.

Hi, 
The tax relief will be restricted based on your level of income so the divind relief will be at the uk rates - Tax on dividends
Thank you.

Hi Citizen3000,
No.
As there is no tax due on a loss, the different rates for the CGT tax is not applicable and the loss is based on the whole year.
In year losses must be used before any annual allowance.
Thank you.

Hi shamilt1 Hamilton,
No as you could do it manually.
Thank you.

 

Hi,
You need to complete SA100 and SA109 - Self Assessment tax return forms
Thank you.

Hi 2sb1y,
The legislation under S104 TCGA92 applies to securities of the same class acquired by the same person in the same capacity and be regarded as indistinguishable parts of a single asset.
You will need to determine if the investments are identical and if in doubt seek clarity from their provider.
I would refer to the following links for assistance:  Taxation of Chargeable Gains Act 1992
HS284 Shares and Capital Gains Tax (2024)
CG51560 - Share identification rules for capital gains tax from 6.4.2008: the “same day” and “bed and breakfast” identification rules - HMRC internal manual - GOV.UK and CG51555 - Share identification rules for capital gains tax from 6.4.2008: identifying disposals - HMRC internal manual - GOV.
Thank you.

Hi 2sb1y,
The legislation under S104 TCGA92 applies to securities of the same class acquired by the same person in the same capacity and be regarded as indistinguishable parts of a single asset.
You will need to determine if the investments are identical and if in doubt seek clarity from their provider.
I would refer to the following links for assistance:  Taxation of Chargeable Gains Act 1992
HS284 Shares and Capital Gains Tax (2024)
CG51560 - Share identification rules for capital gains tax from 6.4.2008: the “same day” and “bed and breakfast” identification rules - HMRC internal manual - GOV.UK and CG51555 - Share identification rules for capital gains tax from 6.4.2008: identifying disposals - HMRC internal manual - GOV.
Thank you.

Hi Geoff Oborne,
The refund will have been based on the information you gave on the claim form and if incorrect, the wrong refund will have been issued. you still need to declare the income and the refund received in the tax return.
Thank you.

Hi john47 Singleton,
HMRC cannot comment on future events as legislation and/or plans may change.
Thank you.
 

Hi Mick R,
You can only apply for a NI number if you currently live in the UK and have intent to work, claim benefits or apply for a student loan.
You will not be able to apply for a NI number if you live outside the UK.
Thank you.