Alan Baker

@HMRCcustomers Can I withdraw from a Flexible Cash ISA and deposit same amount in a different Shares ISA in the same year?

@HMRCcustomers was the question OK? If I need to add info can you let me know, thanks.

@HMRCcustomers CGT. Just sold a portion of a house that I inherited (so owned a portion in my name). Can you confirm that I use the value at transfer (4yrs ago) as the purchase price for CGT calc?

@BristolBears @XledgerUK How can you say so little about a hugely disappointing showing. I’m really sad to admit that I don’t regret that i didn’t get a season ticket. So many fans that are dedicated to the Bears have left crestfallen. Pat Lam - please don’t give an interview with cheesy platitudes.

All over at Ashton Gate as the visitors take the points. Thank you for your support tonight. #BRIvSAL | @XledgerUK

@HMRCcustomers Since writing, I found a post that says qualifying endowments do not need to be reported. Hopefully this is still valid.

@HMRCcustomers A joint Endowment policy (me and wife) matured last year. Do I need to declare this (shared 5050 or solely me?) and where would i do this on the SA form online.

@HMRCcustomers Hi Steve, I understand the response about pension, but think your first answer may relate to another question I posted at the same time. Thanks

@BagsyAlan Hi Alan, If it's joint, then each person declares 50%. Was any tax deducted from the policy? Both the pension and the tax deducted should be declared if she files self assessment. Steve

@HMRCcustomers My wife cashed in a very low value pension last year (less than £200 total value). Does she declare this as pension income? Tax was taken before payout, so I believe she can add that as a Tax Paid. Thx

@HMRCcustomers Thanks for the guidance.

@BagsyAlan Hi Alan. You won't need to do anything now and we advise not to attempt to correct the situation as we will write to you after the end of the tax year in question if appropriate. Suchona

@HMRCcustomers I opened a 1yr fixed rate cash isa last TY & contributed this TY. I opened a new cash isa this TY. The 1yr isa matured & bank put it into a felx cash isa. I have contributed to both in error. Bank advised me to transfer to one. Do I transfer or wait for audit?

@HMRCcustomers It is a company incentive scheme based on an issue value of shares. The will sell to cover costs and return the remainder as cash. The share value has increased since original issue.

@BagsyAlan Thanks for waiting. This will depend on the type of scheme. Can you please provide further details so we're in a better position to provide advice? Nancy

@HMRCcustomers I have a long term incentive plan that is maturing. They will sell shares, pay fees and income tax & sell the remainder to release cash. If the value at award was £1 ea, but vesting at £3 do I pay CGT on the £2 or is this exempt as it remained in the plan?

@HMRCcustomers I did an IHT check, which should have concluded “You may need to pay IHT”, but it did not consider the RNRB (which would conclude “No IHT”. Do I ignore that conclusion?

@HMRCcustomers I may receive some shares from employer (long term incentive plan) soon. Do I pay capital gains tax when sell? Also, what value is CGT based on - price when sold, minus value at vesting or when they were offered (2021).

@HMRCcustomers Hi, I have a friend who has a property that they have rented for a few years. How long do they need to live in it for it to become exempt from capital gains tax. I hear that capital gains tax is only applied if you have not lived there for 6 months. Thanks

@HMRCcustomers Hi, I made a small loss from shares in the tax year. It was below the £12000 limit. One of the disposals was from a rights issue (shares bought in a previous year). I believe that I do not need to complete the Capital Gains element of the self assessment? Thx

@BearsBeyondGate Mr B - Please can you share your thoughts on what the heck happens in the second half of so many games. 60 minutes in and mild panic is the order of the day: thanks, Al (Maddie’s dad)

Ready to rock and roll!

@HMRCcustomers I am completing my SA form and have a query on capital gains on share sales. I have a record of the sales price, but am struggling to confirm the exact value that they were purchased at. Can you advise what I should do. The sales value was iro £1500

@MaskedSingerUK surely it is Phil Daniels (Rubbish) from Blur and Eastenders???