HMRC Admin 32 Response
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RE: Split Year - start date for the UK part
Hi,
We are unable to advise whether split year treatment case 4 or 8 applies to you. This is something that you will need to determine for yourself.
Thank you. -
RE: Capital gains Tax after divorce
Hi,
For full details of the Capital Gains Tax implications when a transfer of assets (including part ownership of a residential property) takes place between separated and divorced spouses, please refer to the guidance at CG10790.
CG10790 - Spouses and civil partners: dealt with separately
Thank you. -
RE: Certificate of Residence
Hi,
If the status on your Personal Tax Account is shown as 'Completed' you can expect to receive the requested Cerificate of Residence through the post within the next few days.
Thank you. -
RE: CGT on gift of house and land
Hi,
On the basis of the info provided, CGT would be chargeable at the lower rate of 10%.
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. -
RE: Less than 100 pounds interest from Hong Kong bank saving is foreign income?
Hi,
If there was no tax deducted on the interest in Hong Kong, and you have no other self assessment criteria, no.
Thank you. -
RE: self assessment return
Hi,
If there was no tax deducted on the interest in Hong Kong, and you have no other self assessment criteria, no.
Thank you. -
RE: Foreign income
Hi,
You may have answered yes to the question in error. Go to section 4 fill in your return and scroll down to the foreign income section and click on the first box. When in there scroll to bottom and click on delete this section. This will then allow you to change the answer at section 3 tailor your return to no.
Thank you. -
RE: Gain and losses in day trade for index
Hi,
The country where you were living when the trade occured.
Thank you. -
RE: Reporting CGT on Overseas Property sale
Hi,
You will show the sale as if it is a UK property that you sold so that the charge appears in the calculation. At the tailor your return section, you need to answer yes to the question, Do you wish to claim Foreign Tax Credit Relief on Capital Gains. This the allows you to enter the tax paid in USA (converted to sterling).
Thank you. -
RE: Business Asset Disposal Relief
Hi,
Yes, you can.
Thank you.