HMRC Admin 34 Response

Hi,
You cannot gift an ISA as this is for you only. You would need to withdraw the funds in order for it to be gift.
Thank you

Hi,
For non UK resident individuals, the DT individual form is submitted to the overseas tax authority and is validated by them. We can then use the validated form to authorise live pension providers to stop deducting tax in the current tax year and future tax years. Where an individual needs to complete a self assessment tax return to claim tax relief for a tax year, then they submit the form HS304 along with their tax return. This allows the processing of tax relief for the tax year that has already ended, so that HMRC can refund the overpaid tax.
Thank you

Hi,
The worksheet is only there to help. If you wish to use a a speadsheet to sumarise your gains and losses that is absolutely fine. You can attach a pdf summary to your tax return as your supporting evidence and keep the full spreadsheet should HMRC ever ask for it.
Thank you

Hi,
As it has been held for more than seven years, there is no IHT considertion on it. If it is sold back to her father, the market value must be applied for the disposal even if sold for less.
Thank you

Hi,
Please refer to guidance using the link below:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you

Hi,
This depends on the savings account and when you can access it. If you have to wait until the end of the fixed term before being able to access the capital and interest, the interest is reported in the tax year when the at the end of the term. If you can access the interest and capital at anytime, then you report the interest in each tax year.
Thank you

Hi,
Article 17(1) advises that a UK pension paid to a resident of Germany is taxable only in Germany. Article 17(3) however, states that where you paid into the pension for 15 years or more, then the pension remains taxable in the UK and not Germany.
Germany: tax treaties
Thank you

Hi,
The original form must be posted. We cannot accept photocopies or emails.
Thank you

Hi,
For guidance please refer to the link below:
Tax on foreign income
​​​​​​​Thank you

Hi,
Transferring to another ISA will count towards your £20,000 annual allowance.  If you exceed this amount, you will need to contact your ISA provider and let them know.
Thank you