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  • RE: Annual Accounting registration problem

    Hi.

    I'm sorry that you are not able to reach the Annual Accounting Team .

    This forum is for general enquiries and so unfortunately we can't make arrangements to contact you ,
    Please call our Helpline on 03002003700 and we can look in to this matter urgently for you .

    Thank you  .

     
  • RE: Tax return from



    Hi,
     
    Thank you for your question.

    I can advise you that you would not be required to notify HMRC in respect of the payments that you receive from your partner  if that person actually resides with you rather than renting a room in your property.

    Please refer to the following guidance in respect of RTent a Room :

    https://www.gov.uk/rent-room-in-your-home/the-rent-a-room-scheme#:~:text=The%20Rent%20a%20Room%20Scheme%20lets%20you%20earn%20up%20to,your%20home%20as%20you%20want.

    Thank you  .
  • RE: Transfer property income to my new Wife


    Hi, 
     
    Thank you for your question.

    Based on the information you have provided it does appear that you will need to register with HMRC via the Trust Registration Service,
    You can find further guidance on this at https://www.gov.uk/guidance/register-a-trust-as-a-trustee.

    There is also more information at https://www.gov.uk/hmrc-internal-manuals/trust-registration-service-manual/trsm23050.

    Thank you .
  • RE: Closure of a Will Trust



    Hi,
     
    Thank you for your question.

    This is not really relevant to this forum please call our trusts and estates helpline and they will be able to help you their number is 
    03001231072  .

    Thank you .
     
  • RE: Rental income transfer to my wife


    Hi,
     
    Thank you for your question I am not aware you need consent from your mortgage lender maybe check with then just to be sure  a valid declaration of trust would suffice to transfer beneficial interests in terms of rental income and expenses. 

    www.gov.uk/hmrc-internal-manuals/trusts-settlements-and-estates-manual/tsem9520 gives details of how to make a declaration of trust you would need to send this to

    PAYE/SA HMRC BX9 1AS IF you ask in your letter for acknowledgement it should be able to be given  .

    Thank you .
  • RE: Email contact with HMRC


    Hi,
     
    Thank you for your question it is not really relevant to this forum I suggest that you call National insurance enquiries help line
    on 0300 200 3500 or +441912037010 outside the UK they may be able to help you .

    Thank you .
  • RE: Rental Profits & Council Rent Confiscation Order


    Hi .
     
    Thank you for your question there is no specific form to claim overpayment relief it can be done in writing
    it just must state the points  at SACM12150  .

    Thank you.
  • RE: Travel expenses to discuss new BTL Mortgage


    Hi, 
     
    Thank you for your question. 

    Travelling expenses must come under the ‘wholly & exclusively’ rule. 

    For more information, please refer to the Property Income Manual at https://www.gov.uk/hmrc-internal-manuals/property-income-manual/pim2010. 

    Please also see https://www.gov.uk/hmrc-internal-manuals/property-income-manual/pim2220
    for information regarding travelling expenses.

    Thank you. 
  • RE: Business Debit Card Expenses


    Hi,
     
    Thank you for your query, unfortunately we are unable to advise on this.

    You will need to acquire the services of a Tax professional to provide you with Tax Advice .

    Thank you .
  • Mortgage interest tax relief for basic rate tax payer


    Hi,
     
    Thank you for your query. 'HMRC does not provide tax-planning advice, and we can neither confirm nor deny the accuracy
    of the advice you have been given.

    Further information on this topic can be found at: https://www.gov.uk/guidance/changes-to-tax-relief-for-residential-landlords-how-its-worked-out-including-case-studies

    if you require further advice on this matter, please seek professional help through a financial advisor or accountant.

    Thank you.