HMRC Admin 5 Response

Hi haith

There are no income tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax. Further guidance can be found here (Tax on savings interest and Tax on dividends).  

Thank you

Hi ernestb

Yes this would be acceptable as long as your personal details can also be seen.

Thank you

Hi

It could be that we need some additional information to fully close your Self Assessment record.
To allow us to do fully review and close your record, contact us by webchat or post via Self Assessment: general enquiries 

Thank you

Hi Castor George

Yes you need to be UK resident to open an ISA

Thank you

 

Hi 

We may need to give you specilaised advice here - just contact us by webchat or phone via Self Assessment: general enquiries , and we can advise you further.

Thank you

Hi  baerskimmason

I'm sorry to hear that you've had issues contacting us. In addition to phoning us, you can contact us by webchat - just click 'Ask HMRC Online' at Income Tax: general enquiries

Thank you

Hi

If your son completes a self assessment tax return, he should declare the chargeable event gains (CEG) on the supplementary page SA101, in the sections for 'Gains from life insurance policies, capital redemption policies and life annuity contracts' on page Ai1 or he should tailor his online return to include this section.  
If he does not need to complete a self assessment tax return, he should send the CEG certificate to H.M. Revenue and Customs Pay As You Earn BX9 1AS.  As a higher rate tax payer, there could be some additional tax to pay.

Thank you