HMRC Admin 8 Response
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RE: Capital Gains & Net Adjusted Income
Hi,
Capital gains tax is entirely separate tax from income tax.
It does not affect your net adjusted income.
Personal Allowances: adjusted net income
Thank you.
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RE: Expiry of Annual Exempt Amount
Hi,
Annual exempt allowance is available for disposals made in the same year of death and the following 2 years.
HS282
Thank you.
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RE: Executor disposal of probate property
Hi DekAstral Stephens,
If you and your brothers were named beneficiaries of the property in your late fathers will, then each beneficiary will need to work out their capital gains liability on their share of the disposal.
There is a calculator at:
Tax when you sell your home, which leads on to registering for a capital gains account.
If no-one was named as beneficiary in the will, then the estate is libiable to pay any capital gains tax and the balance can be distributed.
Thank you.
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RE: interest on savings
Hi,
After transferring 10% of your tax free allowance to your spouse via Marriage Allowance, the remaining 90% is applied against your regular taxable income (employment or pension income, for example).
Any remaining tax free allowance is then applied to your savings interest.
If your remaining tax free allowance is used in doing so, the Personal Savings Allowance and Starting Rate for Savings are then applied to your savings interest.
Tax on savings interest
Thank you. -
RE: Made redundant - no P45 issued
Hi,
While the figures on your final payslip will almost certainly be correct for your use, we should have received the verified correct final figures from your previous employer.
Contact us by webchat, phone or post via:
Self Assessment: general enquiries to allow us to confirm them for you.
Thank you.
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RE: Starting Rate for Savings - Adjusted Income or Not
Hi Eric77 kendall and tiredand hungry,
If the correct adjustment is not being applied automatically in your Self Assessment calculation, please contact us by webchat or phone via:
Self Assessment: general enquiries
This will allow us to confirm that your return has been completed correctly, then escalate the issue for review and a resolution.
Thank you. -
RE: What is UK income?
Hi,
UK income is income arising in England, Scotland Wales and Northern Ireland:
Income Tax: introduction has a sample list of taxable income
Income from Irish-domiciled ETF's are not UK, so are considered foreign income.
Dividends arising from UK registered companies are treated as UK income.
Non residents are taxable on all UK income.
The self assessment criteria tool will help you determine if you are required to declare the UK income in a self assessment tax return.
Thank you. -
RE: CGT - Buying out ex wife
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RE: Correcting 2324 self assessment
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RE: Specified Adult Childcare Credits( Grandmother). Claim Form CA9176
Hi,
The periods of care on the form CA9176 are for the tax years as a whole or the dates within the tax year when the care started or ended, a tax year runs from 6 April to 5 April each year. As you are applying for credits that are weekly, the dates reflect the periods of care you are applying for.
It can be the whole tax year or a partial period within the tax year.
If you need to discuss the application further you can call the NI helpline or use web chat services through a personal tax account - Personal tax account: sign in or set up - GOV.UK
Number - 0300 200 3500
Overseas - +44 191 203 7010
Open - Monday to Friday: 8am to 6pm Closed on Saturdays, Sundays and Bank Holidays.
Thank you.