HMRC Admin 21 Response
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Re: Declaring inheritance
Hi Lee
As its an inheritance then no, not on the actual payout. the interest received forms part of your personal savings allowance so you will need to declare that but will only need a tax return if your interest is over £10,000.
Thank you. -
Re:Crypto tax
Hi Marekcrypto,
As this is a future event, you would need to wait until it has occured to see what happens. if blocked you would likely receive contact from HMRC advising you how to resolve the matter.
Thank you. -
RE:Italy/UK taxation
Hi Giulia Neri
There would only be a tax implication if you were to purchase another property. You would need to determine which one was your main residence in the event of selling for capital gains purposes.
Thank you. -
Re:annual bonus tax implications
Hi, ilg1888
In this case, there are a few possible causes for your bonus being taxed too highly. Contact us by webchat or phone via Income Tax: general enquiries, where we can review your codes and advise on how any repayment due can be refunded to you.
Thank you. -
Re:Leased Electric Car Mileage Claim
Hi Egemen Coskun
9p per mile
Thank you. -
Re:Transferring personal money to UK
Hello Asle,
As UK resident, you need to declare the gain in the UK. if any tax has been paid overseas on the sale, you can claim this as foreign tax credit relief - Tax when you sell property.
Thank you.