HMRC Admin 5 Response

Hi CF W

When you dispose of an asset, whether in the UK or overseas, such as a property, for more than you acquired it for, you have made a capital gain.  This gain is taxable.  
The money from the disposal after you have paid capital gains tax in the UK, will not be regarded as income and will not be taxable as income, regardles of whether the money is in the UK or if brought into the UK.

Thank you

Hi

No.  This is an inheritance, not income, so would not be taxable in the UK.

Thank you

Hi

As this is a hypothecial question and you are trying to plan ahead, we are unable to answer your question.

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Hi 

As long as the shares are of the same type and for the same company, they can be included toghether in a new S104 holding and the value of the new holding recalculated.

Thank you

Hi Glorfindel Sindar

HMRC cannot comment on specific examples and you will therefore need to contact us direct on 0300 200 3310 for specific advice.

Thanks
 

Hi hip007

Yes and then once you return to the UK, amend it back to your UK address.

Thank you

Hi chris ford

If you claim £72k personal pension relief in your tax return, you will increase your basic rate of £37700 band by £72000, to £109700.  
This will increase the amount of income taxed at 20%, reducing the income that would have previously been taxed at 40% or 45%.  
This will give you all of the tax relief you will be entitled to.

Thank you

Hi

We can only provide general tax information/guidance in this forum.  As this is not a tax question, you would need to check with your ISA providers or seek professional advice.  
Please also have a look at Individual Savings Accounts (ISAs)

Thank you

Hi Lisa Dickinson

As you are living on the RAF base this is classed as UK soil and as such you are still UK tax resident. There is no change to your circumstances as you should still be able to be on the same payroll.

Thank you

Hi

No as this is not earnings please see Earnings that attract tax relief for what is classed as earnings.

Thank you