HMRC Admin 5 Response

Hi 

We cannot comment on scenarios.  Please have a look at the guidance on futures at CG56100 - Futures: financial futures: contracts for differences onwards.

Thank you

Hi Malgorzata Rudnicka

You would need to review the guidance on residency and take the statutory residency test at RDR3 (RDR3 Statutory Residence Test) to determine your residency status.  
Next you would need to determine if split year treatment can apply to your circumstances.  
If it does, then split year treatment is claimed through a self assessment tax return.

Thank you
 

Hi bearance

No.  There are no tax implications on the giving or receipt of cash gifts, but you may wish to speak to inheritance tax regarding any inheritance tax implications (How Inheritance Tax works: thresholds, rules and allowances)

Thank you

Hi

If you have not remitted it to the UK, you don't report it. See guidance at Paying tax on the remittance basis (Self Assessment helpsheet HS264)

Thank you

Hi Jasonh9288

Yes this is still part of your Police pension. This is a government pension and remains liable in the UK unless you are a national and a resident of Spain.

Thank you

Hi maxb

If the redundancy payment has been included in your P60 information and you show this at the employment section you include the amount up to 30k, in that box only if not already accounted for in the P60 info.

Thank you

Hi HUBERT Hammer

No, as you have met the condition of the 5 years being a non UK resident.

Thank you

Hi Shaxxie

Yes you will be liable to capital gains on the difference if this has not been your only and main home in the period held.
The gift is still seen as a sale of the property - HS295 Relief for gifts and similar transactions (2023)

Thank you

Hi 

If the turnover each tax year was over £1000 you will still need to complete a tax return.

Thank you

Hi Ardentinny!

No as this is your share of an inheritance.

Thank you