HMRC Admin 20 Response
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RE: P60-SA tax code difference and how to manage it
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. -
RE: p85 application how long takes and how much i will received
Hi,
If on completing your P85 you provided UK bank account details, your repayment will be sent to that account.
Thank you. -
RE: Deducting Gift Aid Donations from Taxable Income of previous year
Hi,
Gift aid relief would reduce the adjusted net income Personal Allowances: adjusted net income
Thank you. -
RE: Records to keep for shares held on behalf of spouse
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.
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RE: Self employed working from home using office plus another room constantly for storage
Hi,
You would need to find a way to apportion costs that your business incurs in that room.
If you cannot do this, you cannot make a claim.
Please have a look at https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim47815.
Thank you. -
RE: CGT UK & IRELAND
Hi,
As the property that was disposed of, is located in the UK, the UK has first rights to charge capital gains tax on the disposal.
You have 60 days to calculate, report and pay the tax due.
You will then have to declare in Ireland and claim a foreign tax credit from the Irish tax authorities.
Thank you -
RE: Income from ex-employer before moving to UK
Hi,
No.
It is income arising from employment when you were not UK resident.
Thank you.
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RE: Stamp duty refund
Hi,
We cannot advise on stamp duty matters as they are not part of income tax.
Please have a look at the guidance at Stamp Duty Land Tax
Thank you.
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RE: Life Time ISA - clarification "First Home"
Hi,
Please have a look at the guidance at Lifetime ISA and Lifetime ISA withdrawals for a first time residential purchase.
Thank you. -
RE: Does Bed and Breakfasting rule/same day/30 day rules apply trading futures contract