HMRC Admin 17 Response
Joined: 1/20/2021
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RE : Section 104 holding and two investment platforms
Hi .
If they are for different shares it will be separate holdings and then added together for the overall gain/loss.
See : CRYPTO22200 - Cryptoassets for individuals: Capital Gains Tax: pooling .
Thank you .
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RE : Clarification on Disposal Threshold and Currency Conversion
Hi ,
As the gain needs to be converted to sterling it is the initial disposal that is used for working out the actual gain and
you dont count the conversion as a separate gain .
Thank you . -
RE: Evidence and filing for cryptocurrency gifts to spouse
Hi ,
You would need a trsut deed to confirm that the asset has been transferred and must be signed , dated and witnessed .
Thank you . -
RE : Tax on rolling deposits without withdrawing the interest
Hi ,
If you can access the interest then yes you still need to declare.
It is only if the account stops you from withdrawing that you then declare it in the tax year of amturity .
Thank you . -
RE: Gifting Property
Hi ,
As long at the property was your main residence for the entire period of ownership, private residence relief (PRR) would cover any gain arising from the disposal of a part share of the property to your son.
If PRR does not cover all of the gain, then you are likely to have capital gains tax to pay.
Please take a look at the helpsheet HS283 at :
Private Residence Relief (Self Assessment helpsheet HS283) .
There is also a capital gains calculator at :
Tax when you sell property to help you work out if there is a gain.
It also includes links to the capital gains service, to allow you to report and pay any capital gains tax due .
Thank you . -
RE: Tax return for foreign REIT distribution (capital component)
Hi ,
Where Non UK REITs are distributed, the profits and foreign tax deducted are declared in the foreign sections under
'income from land and property abroad' on page F4 (boxes 14 to 32),
where a foreign tax credit can be claimed (box 2 on page F1).
They are not taxed as dividends, but as property income.
Foreign tax credit relief is restriced in a similar way to dividends.
A list of tax treaties can be found at :
Tax treaties .
Thank you . -
RE : CGT and Transfer of Equity
Hi ,
Please have a look at the helpsheet HS281 (: HS281 Capital Gains Tax civil partners and spouses (2024 ).
Thank you . -
RE : PRR calculation query
Hi ,
The relief is based on the period you lived in it from 2001- 2014 and apportioned over the whole period to ownership - See :
HS283 Private Residence Relief (2024) .
Thank you . -
RE : Split year treatment application
Hi ,
Split year treatment is not part of the self assessment registration process.
If you have submitted your tax return already, you will have to submit an amendment.
To claim split year treatment, requires the completion of supplementary page SA109.
If you have still to submit your tax return, you can download a paper version at :
Self Assessment tax returns , as well as the relevant supplementary pages .
Provided you have a government gateway user ID and password, you can use this to submit an online commercial tax return.
You can by these from the list of suppliers at :
Self Assessment commercial software suppliers .
All parts of your tax return, should be submitted in the same format .
Thank you . -
RE: Employed in Ireland
Hi ,
1. That is not for HMRC to confirm as this is a border/home office matter
2. Yes
3. Yes - you need to send it on to them
4. Yes. to apply for a certificate, please go to :
How to apply for a certificate of residence to claim tax relief abroad .
Thank you .