HMRC Admin 32 Response

Hi anbujoe,

The money given as a gift is taxable income and will beed to be declared.

EIM01450 - Employment income: gifts and other voluntary payments

With regards to the property purchase, how you fund the purchase is up to you. You can borrow money from financial providers by way of a mortgage. This is not taxable income.

Thank you.

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.

Hi Suresh,

It may be taxable on the remittance basis. see further guidance at:

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

Thank you.

Hi,

You need to be a non UK resident for 5 years to have the full benefits of the QROPS system. If you withdraw funds within these 5 years you are liable to UK tax.

Thank you.

Hi Julia,

I apologise if you are unable to get through. If your estimated income for the employment is updated on the Personal Tax Account and this is not generating a new tax code, you will need to keep trying to get through.

Thank you.

Hi Scott Barrie,

We can not take action regarding your record from this forum as we can not access your record. If you are unhappy with the service that has been provided you can make a complaint using the below link.

Complain about HMRC

Thank you.

Hi,

The contact methods for Income Tax are listed here.

Income Tax: general enquiries

Thank you.

Hi MStirling,

There is a Capital Gains Tax calcuator below which will help you determine if there is no UK capital gains tax to pay.

Tax when you sell your home

If there is none as you say, then there would be no tax charged against bringing the money from the sale of the property to the UK, unless the money generated interest, in that case, the interest  may be taxable.

Thank you.

Hi,

1. It is up to you what you cxonsider to be your main employment and if you wish to make the 2nd job he main one, you will need to contact us to have this updated.  
2. Again this is a choice for you.  
3. If the dividends are over £1000, you will need to notify HMRC. If they are over £10,000 these need to be declared in a Self Assessment Tax Return.   
4. Again this is your choice. This all relates to financial advise which we are not authorised to give.

Thank you.

Hi Aurelie,

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.