Dragan

If I have multiple share sales can I choose whether to use: - spot - monthly, or - yearly average rates, or I can choose only one of these three methods? Do I need to apply the same method for all sales, or I can use monthly for one sale and yearly for another?

If I am a UK resident, and own a rental property in Canada, and pay tax in Canada as a non-resident, and have a mortgage with a bank in Canada, where should I claim relief/credit for: - tax already paid on rental income in Canada (to avoid double taxation) - interest paid on mortgage in Canada

When selling foreign assets (shares or property) to calculate proceeds in GBP I will use exchange rate from https://www.gov.uk/government/collections/exchange-rates-for-customs-and-vat applicable at the time of the sale. If I purchased it years ago which exchange rate should be used to calculate the costs: the same rate as above (applicable at the time of the sale) or the rate from the time of purchase/acquisition?

Hi: Thank you for your answer. I am now confused since I thought that on remittance basis I can't freely transfer money from a foreign bank account after moving to UK if that money was earned after my move. In particular, I thought my question is related to "mixed fund", documented in https://www.gov.uk/government/publications/remittance-basis-hs264-self-assessment-helpsheet/remittance-basis-2022-hs264 https://www.gov.uk/hmrc-internal-manuals/residence-domicile-and-remittance-basis/rdrm35240 I have also found this question https://community.hmrc.gov.uk/customerforums/pt/d5ef24e0-04b6-ed11-9ac4-00155d9c773d#37f063e2-04b6-ed11-b596-000d3a0bcf0d which seems to be of a similar nature. After reading various HMRC pages on that topic I couldn't figure out whether the account that had history, and is brought to balance of 0, becomes a "clean" account in the context of "mixed funds". Can you, please, comment on that? Thank you

I report taxes in UK on non-domiciled remittance basis. I have a foreign checking/current account where in the past I had money but currently the balance is 0. I will have foreign transactions where I will have gains, and want to report these gains on my UK tax return, and transfer (remit) that cash to UK. In order to transfer cash to UK without any HMRC charges/taxes: - can I add newly earned money to the existing account and then transfer it to UK, or - do I need to open a new account for that purpose?