HMRC Admin 32 Response

Hi,

We cannot comment on the details supplied by the Italian bank, as it is not a HMRC matter.

Thank you.

Hi,

If you want to claim actual expenses to then claim a loss, you would need to declare this in the return even if the income from self employment was below £1000 and as such, you will need to amend the returns. Please also refer to guidance in relation to allowable expenses.

Please see guidance below, in particular training courses.

Expenses if you're self-employed

Thank you.

Hi,

As the UK property was not his main or only residence, capital gains would be due on the sale of the property. This should be declared by the estate for them to pay any taxes. You will therefore need to liase with the canadian exectutors to ascertain the position. As you did not sell the property, no capital gains is due to be paid by you.

Thank you.

Hi Gerard,

Please refer to guidance at:

HS286 Negligible value claims and Income Tax losses on disposals of shares you have subscribed for in qualifying trading companies (2023)

Thank you.

Hi,

Yes, you do.

Thank you.

Hi,

You do not need a tax return but you will need to send in the certificate with a cover letter to confirm that you are claiming full relief under exclusion 100 for this to be done.

Thank you.

Hi,

Please see guidance at:

Self Assessment tax returns

Thank you.

Hi,

Please refer to guidance at:

Paying tax on the remittance basis (Self Assessment helpsheet HS264)

Thank you.

Hi,

The withdrawals would be seen as pension income and as UK resdient you would be liable on your worldwide income, subject to an double taxation agreements and therefore would need to show the details on your return.

Thank you.

Hi,

Under the terms of the double taxation treaty, income from employment carried out in Hong Kong is only taxable there and as such doesnt need to be declared here.

Thank you.