HMRC Admin 8 Response
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RE:Self Assessment Question 8 Do you need to pay tax on any of the following?
Hi,
When an Article states the income ‘may be’ taxable it means both countries have a right to tax the income.
In these circumstances, the customer makes a claim for Foreign Tax Credit Relief.
Thank you.
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RE: Dual residency self assessment
Hi,
You will need to read the tax treaty between both countries and may your informed decision.
We cannot advise if dual citizenship is beneficial or not, of the outcome of tiebraker rules.
You may need to consider seeking financial advice for answers to these questions.
Thank you. -
RE:Reporting the gain from a share incentive plan
Hi,
Yes, you should report the disposal on a self assessment tax return, even when there is no tax to pay.
Thank you. -
RE:Self Assessment for a minor
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RE:simplified expenses - mileage
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RE:Flexible ISAs - Using different providers in the same tax year
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RE:CGT Exemptions on EIS/SEIS Investments Clarification Please
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 assesment helpline on 0300 200 3310, contact our webchat facility at:
Contact HMRC or seek professional advice
Thank you. -
RE:Marriage Allowance
Hi,
The Personal Savings Allowance of £1000 and Starting Rate for Savings of £5000 would both apply:
Tax on savings interest
While the poster could in theory earn up to £17,313 in savings interest income only (or £11,310 other income and £6,000 savings interest income) without having to cancel the transfer of Marriage Allowance, other conditions may apply.
For specific advice, please contact us by webchat or phone via:
Self Assessment: general enquiries
Thank you. -
RE:Restrictions on CGT losses arising from sale of transferred sales
Hi,
The answer to your question is:
Yes it is and yes it can
We hope that helps.
Thank you. -
RE:From Sole Trader to Partnership