HMRC Admin 32 Response
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RE: Tax on gift from parents
Hi,
There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax.
Further guidance can be found here.
Tax on savings interest
Tax on dividends
Thank you. -
RE: Self Employed Income for Split year treatment
Hi,
If you qualify for split year then you only report any foreign income for the UK part of the year.
RDRM12000 - Residence: The SRT: Split year treatment
If you do not qualify then you will need to report all your foreign income to the UK.
Tax on foreign income
The guidance at RDRM12150 at GOV.UK will help you work out if split year treatment applies.
Thank you. -
RE: Australian Resident
Hi,
For the tax year ended 5 April 2010, Commonwealth citizens are entitled to personal allowances wherever resident. From 6 April 2010, individuals N & R Australia continue to be entitled to personal allowances.
You will need to search legislation.gov for an answer to this question.
legislation.gov.uk
Thank you. -
RE: Claiming Business Car Insurance Expense in Self-Assessment
Hi,
If you already claim expenses using the simplified method for mileage then no as this covers all aspect of running the car. if you dont use this method, you would only be able to claim a portion of the insurance so you would need to contact the company to ascertain what the rate would be when only you are insured.
Thank you. -
RE: Non-resident with no UK-based income needs to file a self-assessment tax return?
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RE: Taxation in UK of superannuation payments in Australia
Hi,
As UK resident you are liable on your worldwide income whether remitted here or not and you will need to declare the pension. We cannot advise or comment on how Australia tax the pension. If they do, you can claim foreign tax credit relief to set against your UK tax on the same source.
Thank you. -
RE: Appropriation of shares
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RE: Share options of Denmark Company
Hi,
You can claim foreign tax credit relief to set against your UK liability for the same source. For details on how to report, please refer to:
Report and pay your Capital Gains Tax
Thank you. -
RE: Singapore CPF
Hi FormerSGworker,
Please have a look at the guidance at EIM75550 which advises that certain lump sums are now taxable from 6 April 2017.
EIM75550 - The taxation of pension income: lump sums from foreign pension schemes
Thank you. -
RE: Tax Reporting for UK Resident with Foreign Employment Income
Hi,
Article 14 advises when you are taxable in the UK or Hong Kong, depending on which country you are in at the time.
2010 Hong Kong-UK DTA
Thank you.