HMRC Admin 32 Response

Hi,
Yes, this counts as a loss for CGT purposes.
Thank you.

Hi,
No. Savings are not earned income for pension purposes. Please have a look at the guidance at:
Tax on your private pension contributions
If you have no earned income for the tax year, you can save £2880 into your pension pot and your pension provider can claim 20% tax from HMRC, bringing you up the to the gross figure £3600.
Thank you.

Hi Y Chan,
Your Hong Kong employment income is taxable only in Hong Kong, because that's where you were resident, when earning the income. This includes the back pay for your annual leave. It should not be included in your tax return. You may need to amend your return.
Thank you.

Hi,
You can claim a foriegn tax credit for up to 100% of the tax paid on the foreign gains. This prevents double taxation ocurring.
Thank you.

Hi,
Losses are claimed for the tax year that they arise. The losses can be carried forwards and set against a future gain in a future tax year.
Thank you.

Hi,
Yes, you are correct.
Thank you. 

Hi,
Article 13 of the tax treaty between Mauritius and the UK allows both countries to charge capital gains tax on the disposal of your property in Mauritius.  
Mauritius: tax treaties
The treaty allows for you to claim a credit of up to 100% of the overseas tax paid. You will need to work out the UK capital gains tax liability, using UK Capital Gains Tax rules. All values in your calculation must be in pounds sterling, using a just and reasonable exchange rate in place at the time of acquistion and disposal.  Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal.  
For your convenience, there are exchange rates at:
The National Archives: Exchange rates from HMRC in CSV and XML format
For older rates at:
Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009
You are free to use any of the supplied rates or one of your own choosing.
To help you work out your UK capital gains laibility, there is a calculator at:
Tax when you sell property
As the property was your main residence for a period of time, private residence relief can be applied to reduce any gain.  
Please have a look at helpsheet HS283.
HS283 Private Residence Relief (2024)
As you are married, you split the disposal on a 50/50 basis.
Thank you.

Hi,
Please refer to:
Tax on your UK income if you live abroad
Thank you.

Hi,
No you dont report this as under the tax treaty this income is only liable in Hong Kong.
Thank you.

Hi,
You need to report the losses for this year by way of the capital gains section to show the disposals. Your previous years losses would then be carried forward along with this years.
Thank you.