HMRC Admin 5 Response
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RE: Per Diem Working in Australia
Hi
Please refer to guidance at
EIM34000 - Special rules for employees travelling to work outside the United Kingdom: contents
and associated contents.
Thank you -
RE: Uk income and residence in portugal
Hi
If the UK employer is classed as a government employer (council, civil service) then it remains taxable in the UK. if not, you would need to telephone in order to give your details for your record to be accessed for a definitive answer on +44 13 5535 9022.
Thank you -
RE: Saving Interest
Hi
Yes you need to report all UK income on the return. You also need to complete the residence section SA109 to confirm you are not UK resident.
Thank you -
RE: US Social Security information
Hi
On page F2 of SA106, you would enter the gross amount of US pension paid in column 'B' in pounds sterling.
If you have received a document from the pension provider, advising how much pension was paid in the US tax year (1 Jan to 31 Dec) please enter this is box 'B' in pounds sterling.
As you have not paid tax on the pension in the US, you can leave boxes 'C','D' & 'E' blank.
Thank you -
RE: Capital Gains below the £12,300 limit for 22/23
Hi
If you are required to complete a tax return for any reason and the disposal value of the assets were more than £49200, then you must declare it in the tax return, even if no capital gains tax is payable.
If you do not meet both of those criteria, then there is no requirement to declare the gain.
Thank you -
RE: Interest in Jersey Bank Account
Hi
No. You would only declare any interest arsing from a UK bank account.
Thank you -
RE: Do I need to complete the Self-Assessment
Hi
If it is not taxable in the UK, you would only need to mention it in the additional information free hand box number 19 on SA100.
By doing so, you are still declaring your world wide income, but this is not taxable and would not be part of any tax calculations.
Thank you -
RE: Tax Implications for Subletting a Room in a Rented Flat
Hi
Please have a look a the rent a room scheme: Rent a room in your home
If your income from renting the room is below £7500 per year, it is not taxable and does not need to be declared and you do not need to complete a tax return.
If you exceed £7500.00, you will need to declare on a self assessment tax return.
Thank you
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RE: CGT Liabilities incurred via a GIA
Hi
Yes, the schedule of acquisitions and disposals, is your financial adviser providing evidence to support the figures on the certificate.
You can attach this at the end of the return as additional information. The online tax return asks if you had a capital gain, but not a capital loss, which can be confusing.
The reason for this is that gains should be reported, however, declaring losses is optional.
If you wish to declare the losses, please tick yes to this question, so that it includes the capital gains section of the tax return.
You will then be able to declare the disposals, costs and the losses.
Thank you -
RE: paid into 2 ISAs by mistake
Hi
You can only have one cash ISA in each tax year. If both were opened in the same tax year, you will need to contact the second ISA provider for them to close it down.
If you opened a second cash ISA, but in a different tax year to the first, then that is fine.
Have a look at Individual Savings Accounts (ISAs)
Thank you