HMRC Admin 5 Response

Hi

That is not for HMRC to determine. This relates to financial advise which we are not authorised to give.

Thank you

Hi Merwyn

As the income is not incuded on your P60, you would include the payents in the box 3 on SA102 "Tips and other payments not included on your P60",and again on SA106 in the section on page F6 "Foreign tax paid on employment, self-employment and other income", so that you can claim a foreign tax credit.

Thank you

Hi

No this would not incur any tax liability.

Thank you

Hi dimmyuk

HMRC cannot answer this for you. it is for you to determine based on the guidance available.
As you have already taken the statutory residence test, you may want to discuss this with a professional if you are still unsure.

Thank you

Hi

This depends on your actual tax residence status - please take a look at the guidance here
RDR3 Statutory Residence Test

Thank you

Hi PLH Louis,

As you have now sold the property, your purchase price is 50% of what your wife paid for it in 2011 and not the value at the time of the transfer.
Please see guidance at Capital Gains Tax: what you pay it on, rates and allowances

Thank you

Hi

No. you can only open one Cash ISA.

Thank you
 

Hi

You wouldnt normally as this would be travel to and from work.
Please refer to additional guidance here When travel qualifies for tax relief (490: Chapter 2)

Thank you

Hi

There is no capital gain at  the time of transfer between spouses. this will only apply when the property is sold.
However, as it is a BTL, the income received from the rental will need to be declared by both of you if/when the transfer takes place.

Thank you