HMRC Admin 17 Response
Joined: 1/20/2021
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RE : Declaring a capital loss on gifting an overseas property on a self assessment
Hi ,The disposal should be declared in the capital gains section of the tax return, where you would show the loss that has occured.
You will need to include a copy of your calculation, showing how you arrived at the loss.
You can claim to carry the loss forward and set it against a future gain .
THank you . -
RE : Capital Gains on trust
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RE : CGT on US SAFE Agreement funds that appear to be lost
Hi ,
Pleasde have a look at the guidance on negligible value claims at :
Negligible value claims and agreements .
Thank you . -
RE : CGT rates
Hi ,
The guidance for capital gains does not differentiate between UK residential property and foreign residential property.
Both are taxable at the same rates.
please have a look at :
Capital Gains Tax rates and allowances .
Thank you . -
RE: Declaration and Taxation of Gambling Winnings
Hi ,
The proceeds of gambling are not taxable and are not declared in a self assessment tax return .
Thank you . -
RE: Section 104 shares in an ISA
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RE: Personal Import of medicines from Germany with a prescription from a German doctor
Hi ,
The restrictions and documents required are usually listed under “Import controls” section.
You may also contact Medicines & Healthcare products Regulatory Agency to see if they can offer advice.
See :
Medicines & Healthcare products Regulatory Agency .
Thank you . -
RE: Leaving non-UK resident employee on UK payroll
Hi ,
When you are referreing to contracts etc and 'legally' as to whether you qualify for benefits as in your earlier question
to my colleague HMRC cannot clarify this for you.
Youe question falls within the realms of Employment Law which is dealt with by ACAS.
You can call them on 0300 123 1100 .
Thank you . -
RE : Reporting requirement if payment made from UK Company bank account to a Indian Person
Hi ,
Please call Employer Helpline on 030020 32002 or if calling from overseas +44151268 .0558, as if you are paying your wife £15k,
and are not already rgistered as an employer, you will need to register for a PAYE scheme to report these payments to your wife.
Thank you . -
RE : Are awards taxable?