HMRC Admin 21 Response
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RE: Over Payment Relief claim.
Hi Gordon,
Please contact our helpline on 0300 200 3310 or contact our webchat facility at Contact HMRC., to progress chase your repayment claim.
Thank you. -
RE: SIPP Pension Tax Relief
Hi macleda,
Yes. (£33000/80*100 = £41250). £41250 - £33000 = £8250. You deposited 80% of the amount paid into your pension pot (£33000). The pension provider claimed 20% from HMRC (£8250), to increase your gross payment into your pension pot (£41250).
Thank you. -
RE: Am I due a tax rebate?
Hi ErinNicole,
The refund would count as income during the assessment period in which it is received, yes - this income may have been excluded in the calculation from the period in which it was overpaid. For more information, call the Universal Credit helpline on 0800 328 5644
Thank you. -
RE: How can I declare tax if I have no job but investment?
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RE: IHT CGT and Deed of Appropriation
Hi motherbear,
This would be taxed under Capital Gains.
The deed can apply to just the house.
The Deed of Appropriation would need to be signed and dated before the asset is sold. This would mean that the asset was no longer held by the Estate, but instead held on behalf of the Beneficiaries. By selling the asset in this way, the Beneficiaries can utilise their own annual tax-free allowances, provided they have not made any other chargeable gains in that tax year.
Thank you. -
RE: Cannot verify my identity - what can I do?
Hi Ana23,
For assistance you will need to contact the online helpdesk: Technical support with HMRC online services.
Thank you. -
RE: How can I get my tax refund back? Nothing ever happens to my request online?
Hi Jessica,
It can take up to 10 working days for your repayment to reach your bank account, once requested. If you still have not received it after this, contact us by webchat or phone via Self Assessment: general enquiries and we will investigate.
Thank you. -
RE: Income from foreign NRE account
Hi harmzz,
Foreign tax credit relief is restricted to the level of UK tax due on the same source of income.
Thank you. -
RE: First time to report tax in UK
Hi K H,
You are correct in your steps. However, you cannot file online with the residence section of the return using HMRC software and you will need to buy 3rd party or file the whole return by paper by 31/10/24.
Thank you. -
RE: Gold inheritance rate of CGT on sale
Hi David,
Gold bullion will be liable to Capital Gains.
A value will have been given for when the gold bars were acquired - a search engine would be able to confirm this. as it is going through your bank account and in your name then you would be seen as the owner and liable for the gains.
You would need to have a declaration of trust to say that you are not the beneficial owner so that the gain is charged on your girlfriend. Due to the level you state you are selling, you will be liable to both basic rate and higher rate tax of 10% and 20% on any profit.
Thank you.