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Posted Sun, 15 May 2022 23:06:40 GMT by C K Chow
Hi, I am a UK tax resident in 2021/22 and I am qualified for split-year treatment as a new arrival. During the overseas part of the split year, an overseas property was disposed under an unconditional contract. However, the completion day of this overseas property is in the UK part of the split year. It means that the balance was received during the UK part of the split year. In this case, do we still need to report anything of this in the 2021/22 self assessment? Thank you.
Posted Mon, 16 May 2022 13:05:31 GMT by HMRC Admin 17

Hi,
 
If you qualify for split year then you only need to declare income for the UK part of the year.

You can see the following guidance on the completion of the SA109 with regards to this:

Residence, remittance basis etc (Self Assessment SA109)   .

Thank you.
Posted Mon, 16 May 2022 14:24:13 GMT by C K Chow
Hi, Is it correct that there is even no need to declare the balance received during the UK part of the split year for the overseas property disposed during the overseas part of the split year? Thank you.
Posted Tue, 17 May 2022 15:56:43 GMT by HMRC Admin 10
Hi
Where split year treatment applies,you would only have to declare the worldwide income received during the period in which you were resident in the UK.  
Your residence status when you move
Thankyou.
Regards.

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