HMRC Admin 5 Response

Hi

If leaving the UK means that you no longer need to declare income or capital gains in the UK, then your self assessment record will become dormant.  
A phone call, letter or webchat to HMRC is all that is needed to reactivate it.  
Any enquiries you have regarding volunary national insurance, should be referred to 0300 200 3500 (+44 191 203 7010 from overseas).

Thank you

Hi

No.  You cannot claim for this.  
You should be converting the USDs that you are paid by your client to GBP, using a just and reasonal exchange rate, such as the rates provided by HMRC or from another source and not using the GBP figure converted by PayPal.
The cost you incur converting to GBP is not a gain or a loss and cannot be claimed for.

Thank you

Hi

We cannot advise you on how to liquidate your assets.  
If you liquidate your assets before ariving in the UK, you would be liable for capital gains in Hong Kong, subject to their tax laws.  
When you arrive in the UK, you would need to review the guidance on residence, to determine whether you would need to include the disposals in a tax return.  
Please have a look at the gudiance at RDR3 (RDR3 Statutory Residence Test).

Thank you

Hi

Your partner can check if they meet Self Assessment criteria at Check if you need to send a Self Assessment tax return.
If criteria not met then if they contact HMRC the tax returns can be reviewed Self Assessment: general enquiries

Thank you

Hi

If not able to complete the registration online then yes you can download and submit the paper SA1. 

Thanks
 

Hi 

The options to make a Self Assessment payment at Pay your Self Assessment tax bill

Thanks

Hi Jack

We do not answer capital gains queries on this forum however the more detailed guidance for a non-resident UK selling a UK residential property is here:
Work out your tax if you're a non-resident selling UK property or land - GOV.UK (www.gov.uk)
CG73788 - Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Election for 'straight-line time apportionment' basis of computation

Thanks
 

Hi

Thank you for your question. When assigning a certain % of rental income to another party, i.e. 90/10%, we would expect the rental income and expenses to reflect this, as well mortgage interest.
So in this case, as your share stands at 10%, you would only be able to claim 10% of the mortgage payments.

Thanks

Hi Dheeraj Parashar

You need to send your Form 17 in with a Deed of Trust.

Thank you

Hi 

As the property was in your sole name before you were married the date that you are considered joint tenants for income tax purposes will be the date that you asked your Solicitor to make you joint tenants from.
This will be 16/04/2024.

Thank you