HMRC Admin 5 Response

Hi

This is not for HMRC as VISA are not dealt with by us. Please refer to Family visas: apply, extend or switch or contact the Immigration Office.

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Hi Tomas Eduardo Sanchez Valenzuela

HMRC dont correspond by email. the matter will be reviewed automatically after the end of the tax year 6/4/24 and you will be contacted in due course.

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Hi

You cannot use any balance of your personal allowance against capital gains. on your example your gain would be liable at 10% on £19000 - you would be due the annual exempt amount of £6000 for capital gains 23/24 - Capital Gains Tax: what you pay it on, rates and allowances

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Hi

As tax will be deducted in Hong Kong, the income will be declared under both self employment and foreign income in order for you to claim foreign tax credit relief.
If you are claiming the remittance basis, you only report the foreign income if you remit any to the UK. Please see - Paying tax on the remittance basis (Self Assessment helpsheet HS264)

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Hi Andrew Skinner

You dont need to inform HMRC but you may want to advise your bank,

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Hi Vejovis

As you are named as the only beneficiary on the event, it is classed as your income and as over £10,000 a tax return is required.
Guidance is available at HS320 Gains on UK life insurance policies (2023)

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Hi

Please refer to CG65407 - Private residence relief: settled property: entitlement to occupy under the terms of an express trust or telephone our trust helpline on 0300 123 1072.

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Hi 

Please select 'any other reason' and refer to the chargeable event. This is only required if the event is over £10,000.

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Hi

The current guidance was given in our original reply and as advised HMRC cannot comment on future events as legislation and/or plans may change.

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Hi christy swords

Please refer to guidance at Tax on your private pension contributions

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