HMRC Admin 5 Response

Hi

The correct calculation will be calculation 2. 

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Hi

No. Please refer to CG15250 - Expenditure: incidental costs of acquisition and disposal
for allowable expenses.

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Hi

Please take a look at guidance here - 
HS286 Negligible value claims and Income Tax losses on disposals of shares you have subscribed for in qualifying trading companies (2023)

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Hi

No you don't include it as foreign income as no foreign tax has been paid.

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Hi RobInnes

You will not be able to carry back the gift aid for adjusted net income calculation. 

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Hi Andrew Kenyon

If you are not resident in the UK, in the tax year, that the fund disposes of the shares, there is no UK tax liability.  
Where the disposal of fund assets to facilitate a withdrawal gives rise to a UK tax charge, no tax credit relief is allowable since the disposal does not attract a tax charge in Canada. 

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Hi

As that is a specialist team, you need to contact them on 0300 123 2326.

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Hi

No.  The disposal is outside of the ISA, so can result in a capital gain arising from that disposal.  
If you later purchase the shares in the ISA, then their disposal would not attract capital gains if disposed of in the ISA.

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Hi

If the payment was for work actually carried out in Hong Kong, then under the terms of the double taxation treaty, it is not taxable in the UK ans you do not need to claim split year for it.

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Hi

It will just be the £2500 as this is the taxabale income.

Thank you