leo22

Thanks for the link. However it doesn't mention anything about filing self assessment with remittance basis. I know that one would lose their capital gain allowance if they file their self assessment with remittance basis. But if in that very same tax year, they remit capital gain from outside of the UK to the UK, would the rates in the link above apply to them? Thanks.

Hi, I have the very same question but I think the link above didn't really answer it, and it only talks about the tax rate if one remits their foreign dividends income to the UK, not capital gain. To be more specific, if: - I file my tax return with remittance basis for tax year 23/24. - I'm in additional tax rate. - In that tax year, I transferred £9,000 from my UK bank account to an US broker, bought and sold different US stocks, at the end I made £1000 in capital gain. I remitted all of that £10,000 back to my UK bank account. Which tax rate is that £1,000 capital gain is taxed? Usual capital gain rate of 20% for additional rate taxpayer? Or something else? Thanks.

Hi, I have been renting out my car parking space in the primary residence I'm living in. Now I'm looking to sell the property, and I would like to know whether renting out the car parking space considered as "letting our part of your home" according to this article https://www.gov.uk/tax-sell-home/let-out-part-of-home? And do I have to pay capital gain tax because of renting out the car parking space? Thanks.