HMRC Admin 32 Response

Hi,

You will be able to claim private residence relief on the gain arising from the disposal. If this relief covers the full amout of gain, then no Capital Gains Tax is payable, but a tax return should still be submitted.  

There is a calculator below, which will help you work out your gain.

Work out your tax if you're a non-resident selling UK property or land

Have a look a the guidance below to help work out the private residence relief.

HS283 Private Residence Relief (2022)

Thank you.

Hi,

Yes, you will need to register for self assessment, as you are in receipt of overseas income, regardless of how little it may be. Interest from overseas bank accounts, is taxed in the same way as UK interest.  

Please have a look at the guidance below and take the residency tests.

RDR3 Statutory Residence Test

This will help you determine whether all of the interst is taxable or just the proportion arising from when you came to the UK, to the end of the tax year.

Thank you.

Hi,

The HMRC online tax return, does not support the submission of the SA109 (residence) section or other sections for trusts or partnerships, so to submit an online tax return, you would have to buy a commercial Self Assessment Tax Return, that does include this area.

A list of commercial software suppliers can be found at:

Self Assessment commercial software suppliers 

You will be able to submit a paper SA109 to amend your captured tax return, so that you can claim split year treatment. 

Thank you.

Hi,

No you cannot add this to a 2022 to 2023 tax return. Each tax year needs to be looked at separately. Although it is too late to amend your 2019 to 2020 tax return, you can still claim, in writing, 'overpayment relief' for 2019 to 2020, up to 5 April 2024.  

Please follw the guidance below to ensure you use the correct formatting for claiming overpayment relief.

SACM12150 - Overpayment relief: Form of claims

Thank you.

Hi,

If you are in receipt of overseas income or capital gains, no matter how little it is, you meet the criteria for completing a Self Assessment Tax Return.  ax in the UK is calculated by default, using the 'arising basis' on all of your world-wide income and gains would be taxable in the UK. As you are resident in the UK, but not domiciled, you can opt to choose the 'remittance basis' of tax, which means that you only pay tax on your UK income and gains and any overseas income and gains remitted to the UK. As you have paid tax in the UK on the income you sent to your savings account in India, you would only need to declare the interest arising from the capital in your savings account.  

Have a look at section 9 of RDR1 as the remittance basis is not always the best option.

Guidance note for residence, domicile and the remittance basis: RDR1

Overseas income and gains should be conferted to pounds sterling and declred on the tax return. The rules for taxing savings interest would apply equally to IK interest as it would to overseas interest.

Thank you.

Hi,

There is not a field to enter this information. Once you submit your amendment your statement will be updated to show any balance due. 

Thank you.

Hi,

You can register as self employed sole trader at:

Set up as a sole trader

Thank you.

Hi,

You would need to contact HMRC to review this for you.

Self Assessment: general enquiries

Thank you.

Hi,

You would need to contact HMRC to see if the SA1 has been processed.

Self Assessment: general enquiries

Thank you.

Hi,

It sounds like you do not have a live Self Assessment record. You would need to register.

Self Assessment tax returns

Thank you.