Martins Family

Dear Sir/Madam, Does my brother-in-law need an insurance number to pay the capital gains tax? Does he need to inquire with HMRC for a UTR beforehand? Please advise. Thank you Cecilia

Good afternoon Sir/Madam, Do BNO Visa holders from Hong Kong have to pay taxes on their savings, insurance and fixed assets in Hong Kong if they arrive in the UK on the 3rd of April, 2024? Do they have 5 years that are fax-free to transfer all their foreign income to the U.K.? Thank you 

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Dear Sir/Madam, My former colleague, who landed in the UK this morning, has a Hong Kong BNO Visa. For the next five years, is all of her foreign income exempt from taxes? Please advise. Thank you Martins Family

I apologise for my oversight; they have clarified that they are residents who are not domiciled. Do they have to pay taxes in this scenario if they send all of their money to the UK before April 6, 2025? Thank you so much!

In 2017, my cousin and his spouse came to the UK and obtained British citizenship. They are not taxpayers and have never worked in the UK. Do they qualify as non-domiciled residents? Many thanks for that!

In 2017, my cousin and his wife relocated and retired to the UK, but they are non-domiciled citizens and have never worked in the UK. If my cousin and his wife transfer their entire cash to the U.K. before April 6, 2025, will they need to pay tax on their past savings and money from the Hong Kong inheritance estate that they sell? Your reply would be greatly appreciated. Martins Family

Thank you for the reply! My cousin and his wife are UK-domiciled residents, I would appreciate it if you could suggest what forms they should fill out when transferring all of their past savings and inherited money to the UK. Thank you 

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Your prompt response is much appreciated! Hong Kong's Blue Chips are where the dividend originates from. Selling all the blue chips and transferring all the money to the UK is their plan. Thank you Martins

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My cousins are domiciled residents of the UK. They will promptly transfer all their past savings and inheritance money from Hong Kong to the UK. I would appreciate your guidance on the necessary steps and forms to fill out when transferring my past savings and inheritance to the UK. Thank you so much!

My cousin and his wife have been living and retiring in the UK since 2017. They have never worked in the UK before. Despite his wife being given National Insurance, my cousin hasn't applied for his own NI. Does my 70-year-old cousin have to apply for their own NI to pay taxes on their inheritance from Hong Kong, please?