HMRC Admin 21 Response

Hi jgonzalezf87,
If the trading is in your name then it will be you who is liable.
Thank you.

Hi willow54 Hill,
Your purchase price will be your share of the probate value and a new valuation will need to have been done - not based on equity release but actual sale value - for what your disposal will be.
Thank you.

Hi Jackflood572,
It is up to you to make that decision, based on the facts of the case.  
Have a look at BIM20205 - Meaning of trade: badges of trade: summary.  Consider such things as, is this your sole occupation or do you have other employment to suggest you do not trade purely to make a living?
Thank you.
 

Hi Steve,
No ISA interest does not count for this as ISA is tax free. It is a legislative decision for the £10k limit but not all it may be tax free as you still need to take into account any other income received.
Thank you.

Hi Jay,
Please go to Self Assessment: general enquiries and click 'Ask HMRC Online' - you can then talk to an advisor via our webchat.
Thank you.

Hi gerhardr l,
Guidance on Unilateral relief can be found at INTM161030 - UK residents with foreign income or gains: double taxation relief: Unilateral relief.
Please also have a look at Inheritance Tax: Double Taxation Relief.
Thank you.

Hi Erv2024,
Please have a look at Capital Gains Tax,  It contains a capital gains calculator, allowing you to save a copy of your calculation. Following on from the calculator, you can register for a capital gains account, so that you can report and pay the capital gains tax due.  When using this calculator, you would only show the values for the percentage that you own.  
Capital gains tax is payable by UK and non UK tax residents. As a non resident, your sister will need to submit a paper capital gains return form, which can be found at Report your Capital Gains Tax on UK property by post.  
Please note that the capital gains tax should be reported and paid within 60 days of the completion date.
Thank you.

Hi ka hei nip,
Please refe to guidance at Paying tax on the remittance basis (Self Assessment helpsheet HS264).
Thank you.

Hi CuriousP,
Yes you need to submit the return in event there is any tax due that can then be paid from any refund due for 24/25. To update your telpehone number for your online account, please telephone +44 16 1930 8445.
Thank you.

Hi annette353 C,
Without any National Insurance Number details, sadly we cannot check the progress of the case here. However we would recommend the HMRC App or Gov.uk Government Gateway Personal tax account: sign in or set up to try and resolve the identity issue.
Failing that it would be the Online Services Helpdesk +44 161 930 8445.
Thank you.