HMRC Admin 17 Response
Joined: 1/20/2021
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RE: Clarification on Lodger vs. Tenant for Capital Gains Tax
Hi ,
No they are not.
A landlord and lodger will normally have a licence instead of a tenancy agreement.
Tenants have the right to exclude the landlord from their space that means you should give them notice before
you want to enter their part of the property.
Lodgers cannot exclude the landlord from their room.
Another difference between lodgers and tenants is that a lodger has a right to live in your property but does not
have exclusive rights to any part of it unlike a tenant.
Thank you . -
RE : Renting out home to travel - tax implications
Hi ,
It depends on how much rental income you earn whilst you are away.
That will depend on your entitlement to a UK personal allowance.
You will also have to register as being non-resident landlords.
The guidance is here:
Tax on your UK income if you live abroad and :
What the Non-resident Landlords Scheme is .
Thank you . -
RE : Closing Down a Company that Has Never Traded
Hi ,
You do not have to tell HMRC, companies house will advise of the notification and once it is completed .
You just need to make sure your corporation tax affairs are up to date .
If there is anything outstanding, you will be advised .
Thank you . -
RE : File 22/23 corporation tax return
Hi ,
We cannot advise with companies house, you would have to contact them,
However you can submit a return for the amended period with us.
However, if it overlaps another period you will also need to account for that .
Thank you . -
RE : 6 month old Cheque
Hi ,
Yes, you can write or call, advise us of the details, and we can look into reissuing,
depending on the situation we may also be able to pay it into your bank directly.
Thank you . -
RE: Taxation of gains on Qualifying Corporate Bonds held by a UK company
Hi ,
Corporation tax is self-assessed, if you have reviewed the guidance and are still struggling,
you may have to seek assistant form a tax advisor .
Thank you . -
RE: Corporation tax for loss Account
Hi ,
If you traded you will need to report it to us including losses, if you have reviewed the guidance and I still needing assistance,
then you will need to speak with a tax/financial advisors.
When you are filing your return, you have a specific issue with the return you can use get help, which will send an email.
However, any other queries, will be by phone or letter .
Thank you . -
RE: Redirecting a UK Cheque to a Nominee's Bank Account
Hi ,
Yes, you will need to do so in writing, and can also be done on the return.
We will need the full name and address of the nominee along with the bank details.
And a statement saying you authorise the repayment to go to this nominee.
Thank you . -
RE : CT600A supplementary pages with loan repaid within the same accounting period
Hi ,If your scenario does not fall under any of the following points, Then a CT600a is not needed,
• has made one or more loans that have not been repaid within the period to an individual or company acting in a fiduciary
or representative capacity who or which is a participator, or associate of a participator
• tax is due under section 455 of the Corporation Tax Act 2010
• has been party to tax avoidance arrangements under which a benefit is conferred on an individual who is a participator,
or an associate of a participator, in this period and no return payment has been made to the company within the period
• tax is due under section 464A of the Corporation Tax Act 2010
Corporation tax is self-assessed, it is your obligation to assess your loan and review it against these criteria .
Thank you . -
RE: AirBnB rental income
Hi ,
You do not have to claim the furnished holiday lettings basis but the criteria to claim is here:
www.gov.uk/government/publications/furnished-holiday-lettings-hs253-self-assessment-helpsheet/hs253-furnished-holiday-lettings-2022 .
You cannot offset capital costs against future income but with furnished holiday lettings you can claim capital gains tax reliefs for traders (Business Asset Rollover Relief, relief for gifts of business assets and relief for loans to traders).
You are also entitled to plant and machinery capital allowances for items such as furniture, equipment and fixtures.
There could be capital gains tax consequences.
Normally your own home would be covered by private residence relief however if all or part of the property has not been your only or main private residence for some or all of the time you have owned it private residence relief may be restricted and so leave a taxable and reportable gain.
The guidance is here:
CG64230P - Capital Gains Manual: Reliefs: Private residence relief: Identification of the dwelling-house: Contents : :
Private Residence Relief : CG64230 - Private residence relief: identification of the dwelling-house: introduction :
Contents - HMRC internal manual - GOV.UK .
Thank you .