HMRC Admin 8 Response
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RE: Inherited a Traditional IRA - Tax implications?
Hi,
If UK resident and domiciled, you are liable on your worldwide income and as such would still need to declare this. yiu the nclaim foreign tax credit relief for the US tax paid.
Thank you. -
RE: Remote work in New Zealand for 6 months
Hi,
You will pay tax in the country you are resdient in:
Tax on your UK income if you live abroad
Thank you. -
RE: CGT on PPR and no SDLT due if gifting a property
Hi,
If it has been your main residence for the whole period of ownership then no CGT will be due no matter who it is gifted too.
More information on SDLT can be found on the following link:
Stamp Duty Land Tax
Thank you.
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RE: Potentially exempt transfer--can it be returned or diverted to another recipient
Hi,
We can only provide general information / guidance in this forum.
For an answer to a detailed question of this nature, you would need to contact our self assessment helpline on 0300 200 3310, or if in relation to Inheritance tax, call 0300 123 1072.
Thank you. -
RE: Capital gains on bond funds and ETFs: taxed as income or capita gain?
Hi A D,
As you have stated in your comment, any gain will be liable to capital gains.
Thank you. -
RE: Tax rules for Fixed Rate Bonds of 2 years or more that pay all the interest on maturity
Hi,
For any interest that you can only access on maturity, this should be declared in the year it matures:
SAIM2440
Thank you. -
RE: Correct VAT treatment.
Hi,
Please see the conditions for being able to zero rate a supply of goods outside the UK:
Conditions and time limits for zero rating
Thank you. -
RE: Input VAT on expenses incurred on Out of Scope Grant funded scientific project
Hi,
In order to treat any incurred VAT as input tax you always have to be satisfied that there is a direct link between the VAT incurred in the making of taxable supplies by the business.
Please see below:
Introduction to input tax
Thank you. -
RE: VAT Threshold and providing services for overseas businesses
Hi,
If you are supplying these services to companies based overseas then they would normally be Outside The Scope of VAT as they would be treated as General Rule services for Place of supply purposes.
Please see below:
The place of supply rules for services
Thank you. -
RE: Service provided in the UK, to a customer based in Ireland - should VAT be charged?