HMRC Admin 32 Response

Hi Past_My_Best Payne
If HMRC receive interest figures of more than £10,000 from your bank or building society then this is Self Assessment criteria and we would set up a Self Assessment record. It can take up to October to receive the details from the bank or building society. We will review your record when the details are received.
If you think the interest figures being used are incorrect you will need to contact our Income Tax team to review.
Income Tax: general enquiries
Thank you.

Hi,

One of the key considerations when deciding whether a repair is a deductible expense is whether it is revenue or capital. Revenue expenses are generally repairs and maintenance (property repairs). Examples of this are replacing a boiler, re-wiring, windows, roof, kitchen & bathroom and so on. They do the same thing as before.  

Capital expenses are considered to be improvements, such as structural changes, eg new conservatory, extension where there was nothing there before.

A new state of the art, bespoke kitchen can be considered capital, when it replaces a standard kitchen and is an improvement over the old kitchen, for example an old all in one cooker is replaced with designer hobs and fitted ovens. 

It is largely a question of fact and degree in each case, whether expenditure on a property leads to an improvement.

PIM2030 - Deductions: repairs: is it capital?

Thank you.

Hi,

No, it should not.

Thank you.

Hi,

No. Overseas earnings, earned in tax years, while not resident in the UK, are not taxable in the UK. Please also have a look at link below for more information on overseas studnet and foreign income.

Tax on foreign income

Thank you.

Hi,

As the loss is prior to the UK sale, then the in year losses covers the tax due and the 60 day report doesnt need to be filed. You do need to declare both on your tax return.

Thank you.

Hi,

No. When declaring the income, you can claim Foreign Tax Credit Relief to cover any UK tax that may be due. You would need to contact the tax department of the other country regarding any excess.

Thank you.

Hi,

No, you cannot claim this.

Thank you.

Hi,

A UK resident individual is required to declare their world-wide income and gains to HMRC each tax year. An individual with overseas income or gains would do this by completing a Self Assessment Tax Return, no matter how small the amount of overseas income or gains and even if no tax is payable.  

You would declare your overseas income and or gains in pounds sterling, by submitting SA100 (tax return) and any supplementary pages as appropriate. Overseas interest would be declare in pounds sterling on on SA106 (foreign).  

You can register for self assessment at:

Check how to register for Self Assessment

Thank you.

Hi,

The moment you returned to the UK to be resident, you became taxable in the UK on your Australian job and not in Australia. You will need to contact the Australian tax authorities to claim a repayment of the overpaid tax paid there, since February 2023. Unfortunately we cannot advise you how to do this.

As you are taxable on your Australian employment from February 23, you would declare your Australian employment income from February to 5 April 23 in your 2022 to 2023 tax return, SA102 (employment).  

If you’re claiming Foreign Tax Credit Relief on income included elsewhere in your tax return, you should show it on SA106.

Thank you.

Hi,

If not claiming the remittance basis, yes. See guidance at: 

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

Thank you.