HMRC Admin 5 Response

Hi

Please see Tax on foreign income: Overview - GOV.UK (www.gov.uk).  There is no threshold for foreign interest.  

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Hi terrywykwong

Allowable costs are the acquisition and disposal costs.  Loss relief on deeply discounted securities was largely abolished on 27/03/23, as explained at SAIM3080 - please see link below.
There is an exception to this rule for government securities and there is also a special rule that relates to securities held before the above date.
SAIM3080 - Deeply discounted securities: taxation: losses

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Hi

HMRC cannot comment on future events as legislation and/or plans may change.

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Hi

No. You will only declare the rental income and expenses up to the date the tenant left. If you then have a loss for your rental income this is now lost.
As the property has been sold at a loss, there is no need to declare the sale if it was a UK property. If sold for more than £24000, you will still show this on your 23/24 tax return in order to report the capital losses that can be carried forward.

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Hi

Only whole pounds should be declared in a self assessment tax return.  You can round up or down to your advantage.  
Any interest or gains of less than £1.00, should be rounded down to £0.00 and the appropriate box left blank.  The online tax return counts '0' as a number and generates an error message.  
Where this happens, delete the '0' from the box, to leave the box blank.  Losses are claimed in the Capital Gains section of the tax return.

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Hi lexyz2288

If you are not resident in the UK and the dividends do not arise in the UK, then they are not taxable in the UK, even if you send the dividends to a UK bank account.  The UK bank interest is taxable, and if it exceeds £10000.00, then you will need to complete a tax return.

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Hi Valerie

If the sale is on the same day as the vest this is when no capital gains tax is due. If sold any time after this and there is an increase in value then capital gains is due.
When referring to PAYE, the previous reply confirms that the PAYE tax was not a deductable cost.

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Hi

Yes you will still report this on the 22/23 tax return and the capital loss can then be carried forward to be used at a later date.

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Hi insch

As oer our previous reply, for the capital loss, yes you would add £1 for it to work.

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Hi

If it's not included in your P60, please include it on the box on the employment page for 'Tips and other payments not included on your P60'.  
ERSM20193 advises that when RSUs payout at the market value on what is called "dividend equivalents" in either cash or shares, such payments will generally be taxed as earnings in the year they are received. Please see  ERSM20193 - Employment-related securities and options: what are securities: RSUs and dividend equivalents

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