HMRC Admin 21 Response
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RE: CGT on chattel sold for less than £6000
Hi,
Please refer to:
CG76870 - Chattels: particular assets which are chattels and Personal possessions and Capital Gains Tax 2024 (HS293).
Thank you. -
RE: ISA limit
Hi,
£20K is the maximum you can deposit in your ISA in any 1 tax year. interest earned in your ISA does not count as a deposit when taking this limit into account.
Thank you. -
RE: Local forms for Withholding tax
Hi oriana,
This should be sent to:
HMRC
PAYE & Self Assessment
BX9 1AS
Thank you. -
RE: Registering as Non Resident Landlord for Trust
Hi,
Thank you for your question, only 1 NRL form needs to be completed, following this, any tax can be paid by completing a tax return.
Please see guidance available at: Tax on your UK income if you live abroad.
Thank you. -
RE: Rental income from limited company. Passive or Active
Hi manred,
There is not enough information to understand your query. My apologies. Please can you resubmit your question in full for consideration and response. Thank you. -
RE: Losses available to be carried forward to later years (BOX47)
Hi,
The amount entered in Box 47 of the SA108 should be the cumulative losses available to carry forward (ie any unused losses for earler years + the losses arising in 2023/24).
Please find guidance at:
Capital Gains Tax summary notes and CGT15800 - Losses: allowable losses.
Thank you. -
RE: Leaving UK and working remotely for UK based company
Hi,
Yes, you can continue to work for your UK employer when you move overseas, but you should submit form P85 to advise HMRC of the situation when you depart.
You are likely to be deemed non-resident in the UK (and therefore not liable to pay UK tax) in any tax year in which you spend more than 183 days overseas.
Under those circumstances, HMRC will consider whether the issue of code NT is appropriate.
Here is guidance: Employees working abroad.
Thank you. -
RE: Registered business address changed
Hi,
If you call our Helpline on 0300 200 3700 then we should be sending an urgent referral over to our Variations Unit to look in to this for you.
Thank you. -
RE: Working abroad with UK settled status
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RE: Property allowance
Hi Chippers,
Thank you for your question, please see guidance available at: Property allowance this guidance advises- ‘The property allowance is a tax exemption of up to £1,000 a year for individuals with income from land or property.
If you own a property jointly with others, you’re each eligible for the £1,000 allowance against your share of the gross rental income.’
It also provides guidance of when the property income allowance cannot be used.
Thank you.