HMRC Admin 32 Response
-
RE: which address should I put in self-assessment registration
Hi,
You can use the rented address as your business address. You can contact HMRC to correct your name or do this in your personal tax account.
Thank you. -
RE: is it necessary to set up as sole trader
Hi,
Yes, you need to register for Self Assessment and declare this income as self employed sole trader. Please refer to.
Tax on foreign income
Expenses if you're self-employed
Thank you. -
RE: Income from Self-Employment Ended Before Moving to UK
Hi,
No, as under the terms of the double taxation treaty, income for work carried out on Hong Kong soil is only taxable there.
Thank you. -
RE: Will I pay capital Gains Tax or Income Tax on sale of US stocks?
Hi,
Based on the limited information, it is capital gains and is on the gain only.
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. -
RE: Self assessment for tax year 22 to23
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 will help you work out if split year treatment applies.
RDRM12150 - Residence: The SRT: Split year treatment
Thank you. -
RE: Split year treatment
Hi ERIC LAW,
Under the terms of the double taxation treaty, this income is not taxable in the UK and you do not need to declare it.
Thank you. -
RE: clean capital declaration when moving to the UK
Hi,
Please refer to:
Paying tax on the remittance basis (Self Assessment helpsheet HS264)
There is no actual declaration form to complete at the time of arrival to show your wealth to HMRC. This may be required by other government bodies to show that you can financially support yourself without any UK government subsidies.
Thank you. -
RE: Appointee of my father’s social security benefits overseas
Hi,
No, you dont need to declare the actual benefits that are paid in. However, if any interest is generated in the account, you need to declare this.
Thank you. -
RE: Register for self assessment
-
RE: Reporting sale on SA 108 form.
Hi,
The SA108 is not applicable to the sale of UK residential properties until you are actually filing your tax return hence the reason it is not there for the 2023 to 2024 tax year. Any gain for residential property must be reported and paid within 60 days, link given in previous reply.
You can also contact our Income Tax team to have a paper version of the property disposal return issued to you.
Income Tax: general enquiries
Thank you.