HMRC Admin 21 Response

Hi Fenella Hamilton,
In reply to your question the answer is no.
Thank you.
 

Hi GravityM,
Please refer to the following Guidance - Employment Income Manual EIM71105.
Thank you.

Hi ShonaghY,
You can file the tax returns back to 2020/21 online. You would need to set up a online account and enrol to file the tax return online:
File your Self Assessment tax return online.
To check why the notice to file the Self Assessment tax return was issued you will need to contact: HMRC Self Assessment: general enquiries.
Thank you.

Hi AI B,
Please have a look at the tax treaty with the USA at UK/USA DOUBLE TAXATION CONVENTION. You would need to consider your type of pension and the taxation of it.  If it is taxable in the USA, you can claim a credit of up to 100% of the foreign tax paid, by claiming foreign tax credit relief in your tax return.  If it is not taxable in the USA, you would need to claim back any tax paid from the IRS.  No foreign tax credit can be claimed in your tax return.
Thank you.

Hi D629597,
We cannot comment on scenarios, real or imagined.  You can pay up to £60000 or up to your earning level if lower than this.  Your pension provider would claim 20% tax relief from HMRC.  You gross up your payment into your pension ((payment/80)*100).  You then claim a further 20% from HMRC by either declaring in a self assessment tax return or by writing to HMRC at H.M. Revenue and Customs Pay As You Earn BX9 1AS, including supporting evidence of payments made.  This can be provided by your pension provider.
Thank you.

Hi michael Sumner,
If both parts were sold together, you would need to break the capital gain into two parts.  75% for residential and 25% for non residential.  In the SA108 (https://assets.publishing.service.gov.uk/media/660bbb40f9ab417b75eea375/sa108_2024.pdf) you would declare the 75 in the residential section, including private residence relief, if allowable.  You would also intlude the non resdiential section at "Other property, assets and gains" and claim Business Asset Disposal Relief (BAD) in this section.  Self assessment will apply the annual exempt allowance as parts of the calculation.
Thank you.

Hi macaque25 OnTheRock,
This would appear to relate to a date in the future and as such we cannot comment as legislation and/or plans may change.
Thank you.

Hi CAMI,
Yes it applies to all points on both posts.
Thank you.

Hi AMLF,
The same rules/criteria apply to FHL disposals for Business Asset disposal relief as for other qualifying disposals.
Please refer customer to HS275 Business Asset Disposal Relief (2024) - GOV.UK (www.gov.uk and CG63975 - Business Asset Disposal Relief: qualifying disposals by individuals - HMRC internal manual - GOV.UK (www.gov.uk).  
When the property became an FHL is a matter of fact. See PIM4110 - Furnished holiday lettings: qualifying tests for 2011-12 onwards (IT and CT) - HMRC internal manual - GOV.UK (www.gov.uk). For a new let, apply the tests to the first 12 months from when the letting began.
HS275 Business Asset Disposal Relief (2024).
Thank you.

Hi ZQ,
If you pay tax at the basic rate, no relief is due on pension contributions taken after tax via a workplace pension scheme. For more advice, contact us by webchat or phone via Income Tax: general enquiries.
Thank you.