B Leung

Hi, I am not self-employed and do not receive any foreign incomes or pension. My only income is from saving interest in the banks in the UK. From "Tax on savings interest" in the government website, it states that: "You need to register for Self Assessment if your income from savings and investments is over £10,000. Check if you need to send a tax return if you’re not sure." "If you’re not employed, do not get a pension or do not complete Self Assessment, your bank or building society will tell HMRC how much interest you received at the end of the year. HMRC will tell you if you need to pay tax and how to pay it." According to the statements above, if I am not employed and do not get a pension but I receive interest from bank saving over £10,000, do I need to register for Self Assessment? Or the bank or building society will tell HMRC how much interest I received and I do not have to register for Self Assessment. Then I will pay tax when I am informed by HMRC.

Hi Admin, I sold an oversea property and signed the agreement on 1 April before I entered UK. However, the date of assignment was about a month later and I have entered UK as a tax resident. Do I have to pay capital gains tax on this property? Which date should be considered, the date of agreement or the date of assignment? Thank you.