HMRC Admin 5 Response

Hi LK KONG

You do not declare this income in the foreign secttion or the employment section of a self assessment tax return, as it is not taxable in the UK.  
In the interests of full disclosure, you can, if you want, mention the non taxable income in the freehand notes box on page TR7 box 17.  
There is no penalty where you have completed the tax return incorrectly, in error.  You may end up paying to much tax or incurring penalties and interest.  
Deliberately entering incorrect figures or omitting them can have serious consequences.

Thank you

Hi

Please refer to guidance at SAIM8020 - Annual payments: meaning of annual payment

Thank you

Hi

Yes. Please enter in the unlisted shares and securities section and end 'BAD' to claim business asset disposal relief under claims and elections on SA106 or in the Capital Gains section of the online return.

Thank you

Hi

Class 1 National insurance is only payable on employment income that exceeds the annual threshold.  
Class 2 and Class 4 NIC is deducted from the net profit of the self employed  and partners in a business that is not a limited company, where their threshold is exceeded.  
NIC is not payable on property income.  You could contact the NIC helpline on 0300 200 3500 (Open Monday to Friday: 8am to 6pm Closed on Saturdays, Sundays and Bank Holidays) for advice on any NIC deficiency.

Thank you