HMRC Admin 32 Response

Hi tbooth26,

Please refer to below for the NI query. The P85 will refund any excess tax in the year of departure.

National Insurance if you work abroad

Thank you.

Hi Josipa,

It depends on how long you you are actually out of the country.

Please refer to:

RDR3 Statutory Residence Test

Thank you.

Hi,

Your wife will need to contact the Income Tax team.

Income Tax: general enquiries

Thank you.

Hi,

Based on the information provided, you have correctly interpreted the Private Residence Relief guidance, and there will be no CGT to pay on the sale of your residence.                                                
HS283 Private Residence Relief (2021)

Thank you.

Hi,

No. You would not need to declare the transfer of the assets to the UK in a Self Assessment Tax Return. You would have to declare any interest arising from the transfer of your savings.

Thank you.

Hi,

If a foreign entity is a member of a UK partnership it will need to register in the UK and obtain a UTR.

See under Overseas aspects of partnership registration for SA SAM100137 - Records: set up taxpayer record: registration of partnerships and partners - HMRC internal manual - GOV.UK 

SAM100137 - Records: set up taxpayer record: registration of partnerships and partners

Thank you.

Hi,

You would only be taxable on foreign income and gain from the tax year in which you arrive in the UK. Any income or gains arising before that are not taxable in the UK, so there would be no tax implications to transferring these funds.

Thank you.

Hi,

If you create a limited company, then the profits will be subject to Corporation Tax and not Income Tax. As an employee of the company, you would complete and submit P85, to notify HMRC that you left the UK and to seek the issue of code NT for your employment.

Get your Income Tax right if you're leaving the UK

Thank you.

Hi,

SA102 is for declaring employment income and expenses. If you have no UK employment or foreign employment, you would not complete the supplementay page.

Thank you.

Hi,

Form 17 would also be  required along with the declaratio of trust, to alter the 50/50 split to the beneficially owned split.

Declare beneficial interests in joint property and income

Form 17 must be in HMRC possession withing 60 days of being signed. 

TSEM9860 - Property held jointly by married couples or civil partners: Form 17 rule - when declaration takes effect: normal case

This will remain in place until circumstances change as advised at:

TSEM9864 - Property held jointly by married couples or civil partners: form 17 rule - when a declaration stops

Thank you.