HMRC Admin 21 Response
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RE: Estimating capital gains tax on an overseas inherited property
Hi,
You do not have to submit supporting documentation when declaring a Capital Gain to HMRC.
However you should retain all relevant documentation to enable you to answer any HMRC queries.
Capital Gains Tax: what you pay it on, rates and allowances.
Thank you. -
RE: Tax on disposing inherited land abroad
Hi,
Yes, the value of the land on the date you inherited it would be used to calculate the CGT liability.
Thank you. -
RE: CGT - Disposal of Hong Kong property within 9 months and transferring funds to the UK
Hi,
Yes, based on the info provided, you are entitled to Private Residence Relief on your HK residential property.
Given that there is no CGT liability, you do not have to report the transaction to HMRC.
HS283 Private Residence Relief (2024).
Thank you. -
RE: Income Tax Year 2023-2024 refund
Hi,
We are sorry to hear that you have had issues contacting us. In addition to phoning us, you can contact us by webchat here: 'Ask HMRC Online' at:
Income Tax: general enquiries.
Thank you. -
RE: 2023-24 tax still not calculated and its the end of October!
Hi,
This forum is for general queries only and is intended to help you self-serve.We are unable to provide specific advice tailored to individual circumstances. You can find out when you can expect to receive a reply form HMRC here:
Check when you can expect a reply from HMRC .
Thank you.
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RE: Non resident of UK providing services to a client in the UK
Hi,
If you are an overseas sole trader and provide marketing services to a UK business customer then your supplies will be Outside The Scope of UK VAT and so there will be no requirement to register for VAT and the Registration threshold will not apply to you.
Please see the guidance below:
5. Reverse charge
3. Working out whether you need to register.
Thank you. -
RE: Selling via Online marketplace - VAT Return
Hi,
If a UK business which is established in the UK sells goods via the marketplace then the business will account for the VAT on the sale to the customer.
The marketplace will only take responsibility for the VAT where an overseas trader either sends the goods of a value below £135 from overseas or the overseas seller sells goods of any value from a marketplace warehouse in the UK of any value.
Please see the guidance below:
Changes to VAT treatment of overseas goods sold to customers from 1 January 2021.
Thank you. -
RE: Reclaiming VAT on a lease car if business is partially exempt
Hi,
Generally only 50% of the VAT payable on a leased car is allowable as input tax to account for any private use of the car.
If you are a partially exempt business then the VAT allowable as input tax is limited in tems of how that vehicle is used in relation to taxable supplies being made.
If the leased car is attributable to only exempt supplies then no VAT is recoverable.
If the leased car is attribulable to only taxable supplies then 50% VAT is allowable.
If the car is attributable to both taxable and exempt supplies then the Standard Method calculation is used to calculate the anount of recoverable VAT.
Please see below:
4. The standard method
Please also see the De minimis Rules:
11. The de minimis rule.
Thank you.