HMRC Admin 21 Response
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RE: Register for self assessment for tax return from rental income
Hi A T,
If you received a letter to file your Self Assessment then you will already have a UTR allocated and would not need to register again. If there is not a Self Assessment link on your personal tax account then you will need to contact our online helpdesk for assistance:
Technical support with HMRC online services
Thank you. -
RE: Contacting HMRC is not easy
Hi Paul,
I am sorry if you have has issues when trying to contact HMRC. To review this for you we would need to access your record. You will need to contact HMRC to do this Self Assessment: general enquiries.
Thank you. -
RE: Inherited house and money abroad (EU)
Hi Matteo,
As there is no income from the house you do not need to declare it. For the money, you do not declare the actual inheritance but if any interest is then generated from it then you need to declare that.
Thank you. -
RE: Claiming Foreign Tax Credit Relief Online
Hi TacV,
You may find it easier to delete the foreign section and start again fresh. In this way we can eliminate any issues. Please click on the foreign section in 4. - Tailor your return. Scroll to the bottom and click on 'delete foreign section' and then confirm. Now scroll up to the menu and select 3. tailor your return. Scroll to the bottom of page 1 of 3 and select th e'Yes' button for the question ""If you received any foreign income, do you need to complete the foreign section?"". Select 'No' to the question ""Do you wish to claim Foreign Tax Credit Relief on Capital Gains"". Click save and continue. You will receive a warning. Click on save and continue again to move to the next stage.
In 4. Fill in your return, select the foreign section. Select 'no' if you were unable to transfer some or all of your overseas income. Click on the tick box named ""Dividends from foreign companies"" and click on save and continue. You should now be at the page ""Dividends from foreign companies"". Give your dividends a referece, eg. ""Canadian dividends"". This will help identify dividends from multiple countries. Choose your country (Canada) and enter the amount of dividends in pounds sterling. Enter the foreign tax paid. Tick year to "Do you wish to claim foreign tax credit relief?""and select 15%. Click on Add, then click on save and continue. Click on save and continue, to get to the page named ""Overpaid tax"". Complete as neceassary and click on save an continue. Keep clicking on save and continue to reach the page ""View your calculation"". In this page you can alter the summary of foreign income, by moving them up and down. You should be able to see your dividends, amount foreign tax and max foreign tax relief. Click on 'Next'. SA should have calculated the maximum amount of tax relief due, which will be up to 15% of the amount of dividends. At this point you can choose to use the calculated figure or provide one of your own. Click on save and continue and work your way to the end of the tax return.
Thank you. -
RE: CGT for name withdrawal
Hi DaddyPaul,
Capital gains would be due as this is still seen as a disposal/part disposal of each persons share. You would need to formal claim under CG70523 to show that only you would be liable. as its a UK property, it does not matter that you live abroad as the gain still needs to be declared.
Thank you. -
RE: Selling US Treasury I-Bonds
Hi ere e,
Yes it is.
Thank you. -
RE: Certificate of Residence Extension
Hi Oliver,
You will not be able to submit this as you are not UK resident for the period from August 2023. we can only issue a certificate for when you were in the UK so any date up to August 2023 would be the end date.
Thank you. -
RE: Capital Gain Tax for Overseas Property
Hi Michael,
If you sell the property, you need to report any capital gain made. You can claim relief for any foreign tax paid on the gain against your UK liability for the same gain.
Thank you. -
RE: Are statements of interest mandatory?
Hi Stephen,
Yes that would be correct. The bank or building society should be able to provide these for you.
Thank you. -
RE: How to report capital gains losses for previous years when no capital gains for this year
Hi Declan 1969,
You need to report any capital losses within 4 years of the tax year in which they arise in order that they can then be noted and used at a later date. as the date you refer to are outwith this period, if not previously notified to HMRC you cannot now use them.
Thank you.