HMRC Admin 32 Response
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RE: Split year treatment and foreign income
Hi,
Please refer to:
RDR3 Statutory Residence Test
RDRM12000 - Residence: The SRT: Split year treatment
This will apply to all questions.
Thank you. -
RE: Protected Trust - UK situs asset definition
Hi,
Please refer to below and related links.
STSM101060 - Introduction to Collective Investment Schemes: Exchange Traded Fund - Overview
Thank you. -
RE: Gain and losses in day trade for index
Hi lprsc Pang,
Capital losses can be reported in the relevant pages (SA108) of your Self Assessment tax return. If you are not registered for Self Assessment, you can write to HMRC to claim the capital loss instead. Losses can be carried forward and used to reduce any capital gains arising in future years. As regards the chargeable assets threshold of £49200, please refer to the SA108 notes.
Capital Gains Tax: what you pay it on, rates and allowances
Capital Gains Tax summary notes
Thank you. -
RE: Money transfer
Hi lprsc Pang,
Capital losses can be reported in the relevant pages (SA108) of your Self Assessment tax return. If you are not registered for Self Assessment, you can write to HMRC to claim the capital loss instead. Losses can be carried forward and used to reduce any capital gains arising in future years. As regards the chargeable assets threshold of £49200, please refer to the SA108 notes.
Capital Gains Tax: what you pay it on, rates and allowances
Capital Gains Tax summary notes
Thank you. -
RE: Enquiry about registering self-assessment
Hi,
You will need to register for self assessment, to declare your taxable overseas pensions.
You can regiser for self assessment at:
Register for Self Assessment if you are not self-employed
If you cannot do this online you can fill in the form at:
Registering for Self Assessment and getting a tax return
You can print it off and send to HM Revenue and Custom BX1 9AS. If you are asked do you have a UK national insurance number, please select 'No'. You will be asked to provide a reason why you do not have one. You would just need to mention that you have just relocated to the UK, so do not have a UK NINO.
Thank you. -
RE: Correcting information in Registration Form for Self Assessment and Getting a Tax Return
Hi,
There is no need to correct the registration form. You would merely declare the income on the appropriate supplementary pages (SA106 Foreign) and the split year treatment on SA109(Residence, Domicile & Remittance). Any other information can be included in box 20 of SA100 (tax return). The tax return and supplementary pages can be download at
Self Assessment tax return forms
Please note that you cannot use the HMRC online tax return to submit residency information. Instead, if you have a government gateway user ID and password, you can opt to purchase a commercial tax return with the residence section included and submit the commercial version using your government gateway user ID and password.
You can register for a governemnt gateway user ID and password at:
HMRC online services: sign in or set up an account
Thank you. -
RE: Do Not Receive the UTR Number Yet
Hi,
Our current timescale for the forms to be processed is within 4 weeks of it being received. If you have not received the UTR in the next 3 weeks you will need to send the form again.
Thank you. -
RE: Second job tax
Hi,
If the employment has ended the employer should issue a P45 to you and update HMRC to advise it has ended. If you have signed up for the Personal Tax Account you can update your estimated income for the year. Once this is updated the underpayment would be removed as you would be in the basic rate tax band rather than higher rate.
Personal tax account: sign in or set up
Thank you. -
RE: PRIMARY RESIDENCE - Capital Gains Tax
Hi,
Once you have calculated the gain and deducted private residence relief, if there is still a gain, You can report this by creating a capital gains account at:
Report and pay your Capital Gains Tax
If you cannot do this online, you can downoad a paper copy of the capital gains return at:
Report Capital Gains Tax on UK property
Thank you. -
RE: UK citizen living and working in Ireland - shares
Hi,
As you are resident in Ireland and you receive non UK dividends, you will not be taxable on those dividends in the UK, even if you transfer the dividend to a UK bank account. As for declaring the dividends in Ireland, you would need to contact the Irish tax and customs authority, as you will most likely be liable to pay tax on the dividens there, regardless of where the bank account is that you send the divident to.
Thank you.