HMRC Admin 17 Response
Joined: 1/20/2021
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RE: Declaration of Trust / Form 17 for foreign rental income
Hi,
Thank you for your question, unfortunately I cannot comment on whether a Declaration of Trust would be seen as a qualifying legal document in another country this would depend on that country's legislation.
If the the Declaration of Trust allocated 100% of the ownership of the property and any income arising from it it would no longer be a jointly owned property so a declaration on Form 17 would not be required.
You can enter into a Declarattion of Trust and complete a Form 17 at any time during your iownership of the property but the split of income on any basis other than 50/50 only applies from the date that both you and your wife sign the Form 17.
A Declaration of Trust is a legal document showing that a share of the ownership of a proportion of the property has been transferred so if this was to change in the future a further Declaration of Trust would be required .
Thank you . -
RE: Rent a room and property allowance
Hi,
Thank you for your question provided the garage or the parking space is let separately to the room let under the rent a room
then you would qualify for the property allowance against the income .
Thank you . -
RE: Declaring rent a room income when it is below taxable limit
Hi,
Thank you for your question if all of your letting income is exempt under the rent a room scheme you do not need to notify HMRC of this income . -
RE: Tax refund for dormant company
Hi,
Your question suggests the company may be seeking to claim terminal loss relief? However, you state the company has not been receiving income for some time and is not trading.
Whether or not the company is trading is a matter of fact and when it ceased to trade is important in respect of whether loss relief is available.
Any expenses generating a deficit that doesn’t arise from trading activity cannot be treated as a trading loss, the winding up of a company’s affairs is not in itself a trading activity.
For guidance on post cessation expenses please refer to guidance available on our website at www.gov.uk/hmrc-internal-manuals/business-income-manual/bim90090can.
If the company has a trading loss to carry back, a company tax return, with accounts and computation to include the claim will be required.
Repayments can be issued to a nominee if the company bank account is closed.
Nominee information can be recorded on the CT600 return.
Thank you . -
RE: Certificate of tax residency -still waiting after 2.5 months
Hi,
Please call the Corporation Tax helpline on 0300 200 3410 for general enquiries.
Your query and details will be escalated by the advisor to one of our officers who will investigate .
Thank you . -
RE: Certificate of tax residency -still waiting after 2.5 months
Hi ,
Please call the Corporation Tax helpline on 0300 200 3410 so that this can be investigated.
Thank you . -
RE: CT61
Hi ,
I am sorry to learn of the difficulties you are experiencing trying to obtain this information.
I would suggest you put your request in writing and send it to
Corporation Tax Services
HM Revenue and Customs
BX9 1AX .
Thank you . -
RE: Electric Ex Demonstrator Car Allowable Prepurchase Mileage
Hi ,
1) If the car has only ever been a demonstrator then we would generally accept it as new,
there is no specific number of miles that we would use.
2) If the car is being bought by the business as a business asset for use of the business then yes .
Thank you . -
RE: LTD Corporation for Non-Resident
Hi ,
This is tax planning advice and you should seek profesional advice regarding this .
Thank you . -
RE: Corporation Tax online Service - Cannot get Access
Hi,
It may be that you have previously activated a business tax account using the corporation tax UTR and company number.
Please contact OSH on:
0300 200 3600
Or get click Get help with this page.
Thank you .