HMRC Admin 32 Response

Hi,

As the account is in your name only it would be you that would have 100% of any interest received. you would actually need to make the account a joint one for it to be spit automatically 50/50. You can also submit a declaration of trust to say that she is the benefical owner of 50% of the account but this cannot be applied retrospectively. As you state you moved here in 2016, it is possible you are not domicile and can therefore claim the remittance basis.

Please refer to:

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

Thank you.

Hi,

Yes, that is correct.

Thank you.

Hi kms,

Yes, that is correct.

Thank you.

Hi,

You wont pay any tax in the inheritance as its from abroad. however, if the property you intend to buy generates any rental income, you need to declare this.

Thank you.

Hi,

That is your Natoinal Insurance number if you dont have a self assessment UTR.

Thank you.

Hi,

Please refer to guidance at:

Tax on your UK income if you live abroad

Thank you.

Hi,

Please refer to:

Voluntary National Insurance

Thank you.

Hi,

UK/US citizens resident in the UK, are taxable on their IRA income in the UK. If US tax is withheld you should seek a refund of this tax. HMRC will not give you a credit for this tax against any UK tax charged on this income.

Thank you.

Hi,

Yes, you can bring it anytime. If any interest is earned on the income whilst it is still in Singapore, you need to declare this as foreign income.

Tax on foreign income

Thank you.