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Posted Wed, 28 Aug 2024 14:27:04 GMT by agozillon
Hi, I am a British citizen, living and working abroad in Sweden and I've been a non-resident since I left the UK from my understanding (using split-year treatment and not overstaying in the UK). As part of my employment, I receive foreign stock (US stock), do I have obligations to report the holding of this foreign stock to the UK/HMRC as I am a British Citizen even if I am a non-resident? if my situation changed and I became a resident would I have to report the holding of this stock to the UK/HMRC? And would this or other rules for reporting apply to other foreign assets such as a foreign bank account? Or would the only thing the UK/HMRC be interested in is the capital gains/losses and/or interest, dividends and income accrued from the holding of, receival and sale of the foreign assets (and not the assets I hold themselves) if I became a resident in the UK again? Basically wondering if there is some process to register the ownership of foreign stock/assets that I may have to provide to the UK. Best Regards. Andrew
Posted Wed, 04 Sep 2024 03:51:28 GMT by agozillon
Just a small ping to ask for a reply to my above question if at all possible!
Posted Tue, 10 Sep 2024 09:20:46 GMT by HMRC Admin 25
Hi agozillon,
Please refer to:
Tax on your UK income if you live abroad
Thank you. 
Posted Tue, 10 Sep 2024 09:55:21 GMT by agozillon
Hi, Thank you very much, but unfortunately this link doesn't seem to answer my question, sorry about that! I was asking if as I am a British citizen if the UK/HMRC needs informed of foreign assets I hold, but have not sold yet, e.g. if I have to inform the UK/HMRC that I have US stock provided by my employer or that I have a foreign bank account with foreign currency. From my understanding I do not have to, unless a taxable event happens, such as capital gains or interest generation (and only if I was a UK resident at the time of the taxable event). However, is there a need to inform the UK/HMRC of these held/owned assets? And if so, what is the process to do so?
Posted Tue, 17 Sep 2024 08:35:56 GMT by HMRC Admin 17 Response

Hi ,
 
You only need to inform HMRC when the asset is disposed off .

Thank you .

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