HMRC Admin 2
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RE: Carry Forward on AVCs
Hi,
You only need to report if you have a charge to pay.
You should however keep records to be aware of any unused relief that you have available, in the event it happens again
HS345 Pension savings — tax charges (2023)
Thank you. -
RE: No CGT on property sale and not within Self Assessment - do I need to report?
Hi,
No, you dont need to report this if there is no tax to pay and you dont need to register for Self Assessment.
Thank you. -
RE: Real time Capital gains submission for non-uk resident
Hi,
Yes, the 60 day deadline applies to non residents when selling UK residential property. If any other type of gain, no.
Tell HMRC about Capital Gains Tax on UK property or land if you’re not a UK resident
Thank you.
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RE: Sending money from abroad to UK account
Hi,
You would need a letter on headed paper to confirm this.
The company would also need to keep a record of this for their company accounts as this would not be a deductable expense.
Thank you. -
RE: Sold shares when not a UK tax resident, but then retroactively became UK tax resident
Hi,- Yes, the original purchase date and price are your cost details.
- You can claim foreign tax credit relief on the Canadian tax to reduce your UK bill.
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RE: Non-domicile gains from selling shares of a UK company
Hi,
That is not the same scenario as you indicated. You stated you are UK resident but non domiciled.
That means you are in the UK and not abroad. as such, any UK income needs to be declared.
Thank you. -
RE: Changing the nature of self employment
Hi,
This depends on whether you would be doing this as self employment, for yourself, or as a company to then employ people.
If just yourself, you would notify the change on your tax return.
If starting a new company, you can find guidance here:
Register as an employer
Thank you. -
RE: Foreign Pensions - Double Tax Agreements
Hi,
As it is UK income, you will automatically be taxed here. Under the terms of the DTA, Austria can also tax you but if they do, you can claim credit for the UK tax paid, so that technically no actual tax would arise in Austria.
Thank you. -
RE: Tax upon returning to the UK from Germany
Hi,
Not at this time.
You can keep details in the event you are asked at a later date.
Thank you. -
RE: Interest on bank interest and tax return
Hi,
No, you cannot inform us by email.
Thank you.