HMRC Admin 21 Response

Hi KuenHK Lam,
It is only the loss that needs to be reported within 4 years to ensure it can be used. If you make a disposal that is over the annual exempt amount this needs to be reported in the tax year that it arises.
Thank you.

Hi John G,
No.  Your 2023 to 2024 tax return is only for Income and Capital Gains arising in the period 6 April 2023 to 5 April 2024.  It should not include anthing outside of those date paramaters. Your tax return should only include your UK dividends, as you are not resident in the UK.
Thank you.

Hi SF95,
If you qualify for split year then you only report any foreign income for the UK part of the year:
Residence, Domicile and Remittance Basis Manual-RDRM12000.
If you do not qualify then you will need to report all your foreign income to the UK Tax on foreign income.
The guidance at RDRM12150 at www.gov.uk will help you work out if split year treatment applies. 
Thank you.
 

Hi Jo B,
He will be due PRR for the period he lived in it. The gain is based on the difference in value from the date purchased to the date sold.
Thank you.

Hi Hankle,
1. As you still meet Self Assessment criteria for foreign income you do not need to re-register. You can continue to use the same UTR to file your Self Assessment tax return.
2. You can still update your record to cease your self employment after 5 April at: Stop being self-employed
3. You would need to register again as self-employed if this started again but would remain the same UTR. 
Thank you.

Hi L T,
Please see guidance here regarding qualifying conditions for Business Asset Rollover Relief:
Capital Gains Manual/cg60270
and
Capital Gains Manual/cg60260
However, guidance on the transfer of a business to a Ltd company can be found here:
Incorporation Relief (Self Assessment helpsheet HS276)
and
Capital Gains Manual/cg65700
and
Capital Gains Manual/cg65700c
Thank you.

Hi Alicia,
This depends on your tax residence basis and your residence is for you to determine - RDR3 Statutory Residence Test.
Thank you.

Hi Mohamak,
If you have opened a business account in error then you will need to contact our online helpdesk for assistance:
Technical support with HMRC online services.
Thank you.

Hi Rustem,
To give you the best advice here, we may need to review your record, and your codes. To allow us to do this, contact us by webchat or phone via: Self Assessment: general enquiries.
Thank you.

Hi taxhounter,
If UK tax resident and domiciled, you are liable on your worldwide income and as such need to declare the gain made on selling the property. if Italian tax has been paid, you can claim foreign tax credit relief to set against any UK tax doe the same source of income.
Thank you.