HMRC Admin 32 Response

Hi,

This will be the starter rate for tax on savings income. Details online at:

Tax on savings interest

Thank you.

Hi,

As you have rental income from a UK property, you are taxable on this income in the UK in the first instance, under article 7 of the UK / New Zealand tax treaty. 

UK/NEW ZEALAND DOUBLE TAXATION CONVENTION AS AMENDED BY THE PROTOCOLS SIGNED ON 4 NOVEMBER 2003

This income must be declared in a self assessment tax return (SA100) every year and on supplementary pages SA106 (property) to declare the rental income and expenes and SA109 (residence) to claim that you are not UK resident and entitled to claim personal allowances.

Any UK tax payable, should then be claimed as a tax credit in New Zealand. If your tax free personal allowance is more than the net property income, then there is no tax to pay, but a tax return is still required.You should consider contacting HMRC's 'Let Property Campaign' regarding the taxable rental income of the last 5 years. 

Let Property Campaign

Thank you.

Hi,

The income from UK property and land is taxable in the first intance in the UK, as per the tax treaty between the UK and France, under article 6 income from immoveable property, even when you are not resident in the UK. This should have been declared in a tax return for each of the tax years that the income has arisen in and any UK tax payable, claimed as a tax credit in France. 

UK/FRANCE - DOUBLE TAXATION CONVENTION

If the UK property is jointly owned, then both you and your husband would need to complete tax returns for the tax years in question.  You may wish to consider the let property campaign run by HMRC.

Further information on this can be found at:

Let Property Campaign

Thank you.

Hi,

The cost of the advisor fees includes VAT, so that total figure is your costs in acquiring and disposing of the assets. It is the advisor that need to conditer the VAT implications.

Thank you.

Hi,

Any losses made on your investments in your stocks and shares ISA can't be used to offset capital gains on your other investments.

Thank you.

Hi,

Accumulations dividends are entered in the 'other dividends' box 5 on page TR3 of SA100. UK authorised unit trusts, open-ended investment companies and investment trusts, these are paid without tax deducted and include the full amount of these distributions in box 2 on page TR3 of SA100.  

Have a look at the SA150 guidance notes for the self assessment tax return. 

How to fill in your tax return

Thank you.

Hi,

On filing your tax return, the amount owed is calculated, then applied to your Self Assessment statement. After this, any payments on account already made or any other payment surpluses present are applied against the amount owed.

For advice on your specific Self Assessment statement, please contact our Self Assessment team by phone or webchat here.

Self Assessment: general enquiries

Thank you.

Hi,

This would be declared in the foreign section of the SA106.  You would tick 'yes' to the question "If you received any foreign income", when tailoring your tax return online.  In the "fill in your return" section, click on the 'Foreign' option. Within that, tick the square box for "Dividends from foreign companies" as this will tailor the tax return with the boxes you require.

Thank you.

Hi,

In the foreign section for dividends of SA106 and the online equivalent, there is a box for withheld tax under column 'D'.

Foreign (2023)

Foreign notes (2022-23)

Thank you.

Hi Gaz,

Please have a look at BIM67620, regarding 'intinerant traders'

BIM37620 - Wholly and exclusively: duality of, or non-trade, purpose: travel costs: to and between sites

The arguaments are for a bricklayer, however, if you replace the bricklayer with your own circumstances, you should be able to make a decision on whether the journeys are allowable or not. We cannot make that decision for you. If you still cannot make a decision, you may wish to seek professional advice.

Thank you.