HMRC Admin 21 Response
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RE: EIS Loss Relief
Hi,
In the supplementary page SA108, you declare the loss in the section for unlisted shares and securities and note the code 'NVC' in box 36.
You can also elect what you want to do with the loss.
When tailoring your online return you would tick yes to the section for unlisted shares and securities in the capital gains section.
The 30% tax relief you recieved on your investment, will need to be withdrawn, as you did not hold the shares for the mandatory 3 year from date of issue.
The relief is withdrawn through a special assessment under S235 ITA 2007 legislation.
Capital Gains Tax Summary (2024)
Capital Gains Summary notes
VCM15010 - EIS: income tax relief: withdrawal or reduction of EIS relief: overview.
Thank you. -
RE: Private Residence Relief - Deemed Occupation
Hi
We are unable to review personal matters in this forum.
For an answer to a personal question of this nature, you would need to contact our self assesment helpline on 0300 200 3310 or contact our webchat facility at: Contact HMRC.
Thank you. -
RE: problem logging into the correct agent services account
Hi,
For assistance please contact the online helpdesk:
Technical support with HMRC online services
Thank you. -
RE: How to report saving interest income to HRMC if no self-assessment is required
Hi Atwork,
If you do not complete a Self Assessment then you will wait for HMRC to receive the untaxed savings interest and review your record. Once reviewed if underpaid in tax a calculation will be issued to you by post.
Thank you. -
RE: Non Resident not able to open online Tax account
Hi,
For assistance please contact the online helpdesk: Technical support with HMRC online services.
Thank you. -
RE: Self assessment
Hi marion3js ip,
It is not possible to check individual tax records through this forum. However, there are a number of reasons why you may need to register for Self Assessment. Further details can be found here:
Self Assessment tax returns
If you have received a letter from HMRC telling you to register but you believe you are not required to do so please contact our helpline:
Income Tax: general enquiries
Thank you. -
RE: Not receiving the UTR number
Hi Amy,
Unfortunately, it is not possible to check individual tax records through this forum, if you have a question which relates to your personal tax situation or tax code please contact our helpline:
Income Tax: general enquiries.
Thank you. -
RE: CGT on transfer of part equity of second home to child
Hi catmo,
You need to pay Capital Gains Tax when you sell (or 'dispose of) an asset if your total taxable gains are above your annual Capital Gains Tax allowance, for the 2024 to 2025 tax year this is £3000 for individuals.
you can find details here:
Tax when you sell your home.
Thank you.
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RE: Owning 2 residential properties
Hi,
You need to pay Capital Gains Tax when you sell (or 'dispose of) an asset if your total taxable gains are above your annual Capital Gains Tax allowance.
You can work out if you need to pay Captial Gains Tax when you sell (or 'dispose of') your home and find out if you are eligible for Private Residence Relief using the following guidance:
Tax when you sell your home.
Thank you. -
RE: HMRC certificate to support tax credit in Greece under UK-Greece Double Taxation convention
Hi,
Unfortunately, we are unable to provide specific advice tailored to individual circumstances on this forum. This forum is for general queries only and is intended to help you self-serve.
You are able to contact HMRC regarding general enquiries here:
Income Tax: general enquiries
Alternatively, you may wish to engage the services of a professional advisor/accountant to assist with your enquiry.
Thank you.