I’m coming from Hong Kong by BNO visa since 2021 with my family (wife and children)
The main income for my family comes from my work, I am working as a self-employed courier driver, I drive my car to do my jobs 6 days a week. As my home is not near the city, I usually drive my car as main transport with my family and work.
Unfortunately my car always has problems, it was broken down again. I need a car for work and domestic use for my family, I can’t drive for my work when the car is in the garage. My car is the main tool for me to earn my income, I can’t earn the income for my family without my car.
Therefore, my father who lives in Hong Kong suggested that I should buy another car for my family in the UK, as a backup car for work, if my car has problems again in the future, I can drive another car to work and for my family.
I asked the motor company, and the salesperson replied that we are living in the UK for less than 3 years, so we can’t go buy a car with finance.
As we don’t have enough funds to buy an extra car at that moment, we are struggling how to pay, my wife has an overseas credit card which she paid for some expenses, she paid for the car with her overseas credit card.
Now, My father from Hong Kong knows our situation, he wants to help us to lighten the family's financial burden, he helped to pay my wife’s Hong Kong credit card statement from his Hong Kong bank account (for transactions of buying the car and some expenses in the UK should be about £10,000). Once our financial status is better, then return the money to him partially as much as we can.
Therefore, I would like to know something as below:
1. Does it involve the tax for me or my wife?
2. Should I or my wife need to declare a self-assessment return for our situation?
I would appreciate your help. Thanks so much.