HMRC Admin 5 Response

Hi S R

If you invest in deeply discounted securities, put the difference between what you paid for the bond and what you redeem or sell it for in box 3 of SA101 (page Ai1). 

Thanks

Hi Jawood1982

1. yes this would be seen as a sale when disposing of your 50% ownership irrespective of acquiring 100% of the other property  
2. again, this would be seen as a sale. the gift would ponly be exempt if it was given to a spouse/civil partner or a charity

Thank you

Hi sedgey

Please refer to guidance at Tax on your UK income if you live abroad

Thank you

Hi alk_8

My colleague is correct, you can only put £15500 into the new ISA, as you have already utilised £4500 of your annual allowance in the old ISA, in the same tax year.

Thanks

Hi

If you are not resident in the UK in the tax year that you withdraw your pension, it will not be taxable in the UK.  If you are resident in the UK, then it will depend on the tax treaty, if there is one, with the UK and the other country.  
The tax treaties can be found at Tax treaties.

Thank you

Hi C Jenkinson

Australian tax residents are taxed on their world-wide income so any foreign pension income received is taxable.  
The UPP of a foreign pension is the amount that the taxpayer contributed to the purchase price of the pension or annuity over their working life.
 As the total foreign pension income is taxable in Australia a deduction is allowed for the UPP amount so the taxpayer is only taxed on the net amount.  
You would need to discuss this with your pension provider and the Australian tax authorities.

Thanks

Hi Loyisox

If no tax refund is due HMRC do not issue a calculation. A calculation is only issued if there is an underpayment of tax or tax refund due. If no refund due when you contact HMRC they would still be able to explain why no refund due. We would need to access your record to explain this. You will need to contact HMRC direct for explanation Income Tax: general enquiries

Thank you