HMRC Admin 32 Response

Hi Sam,

If you do not need to complete a Self Assessment Tax return in the year you leave, all you need to do is submit form P85 no sooner than 8 weeks before your known departure date.  

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

Thank you.

Hi,

Every tax year you can put money into one of each kind of ISA. The tax year runs from 6 April to 5 April. You can save up to £20,000 in one type of account or split the allowance across some or all of the other types.

Individual Savings Accounts (ISAs)

If you have more than 1 ISA of the same type, you can only deposit in one of them, up to a maximum of £20000.

Thank you.

Hi,

Interest ‘arises’ when it is received or made available to the recipient. The interest received on your 6-month fixed term deposit should therefore be reported in your 2023 to 2024 tax return.                         

SAIM2400 - Interest: taxation of interest: the tax charge

Thank you.

Hi,

You will need to contact the department the reference is for so that they can try and trace the application.

Contact HMRC

Thank you.

Hi,

You may be resident under the automatic UK tests if:

• You spent 183 or more days in the UK in the tax year.
• Your only home was in the UK for 91 days or more in a row - and you visited or stayed in it for at least 30 days of the tax year.
• You worked full-time in the UK for any period of 365 days and at least one day of that period was in the tax year you’re checking.                

You may also be resident under the sufficient ties test if you spent a number of days in the UK and you have additional ties to the UK, like work or family.                                                                                                    
If you are still unsure about your residence status, please use the HMRC 'Check Your UK Residence Status' tool.                                  

Which tax year do you want to check your UK residence status for?

Thank you.

Hi,

The current timescale for processing the forms is 4 weeks. You can register for an online account and online filing even if you registered by paper SA1 form. If a paper SA100 is required they will need to request this by contacting our Self Assessment team once they have received the UTR.

Self Assessment: general enquiries

Thank you.

Hi,

1. If no US tax was deducted, completion of the SA106 will not be required.
2. The applicable exchange rate will be the rate for the month in which the sale was completed.                    

HMRC exchange rates for 2023: monthly

Thank you.

Hi,

You would show your dispsal proceeds in box 24 and your allowable costs in box 25 and allow you to show a gain in box 26. The gross figure for losses can be entered in box 27 and box 47.

In your husband's case, he would declare the disposal proceeds in box 24, allowable costs in box 25 and the net gain in box 26. The annual exempt allowance will be applied, no Capital Gains tax is payable.

Thank you.

Hi,

It would appear that you are returning to the UK in 2023 to 2024. As you were not resident in any of 3 tax years the UK before 2023 to 2024, you need to consider the sufficient ties. The instructions for 90 tie, states:

"The individual will have a 90 day tie for the tax year if they have spent more than 90 days in the UK in either or both of the previous 2 tax years immediately before the year under consideration".  

You advise that you spend more than 90 days in the UK in 2021 to 2022. This would suggest that you meet the criteria for a 90 day ties. 

RDRM11570 - Residence: The SRT: 90 day tie

You may also need to consider the country tie, if you were resident in the UK in one or more of the 3 tax years before 2023 to 2024.

RDRM11580 - Residence: The SRT: Country tie

Thank you.

Hi,

HMRC would not need to know where the money came from but your bank may ask for details. No inheritance tax is due as it is not income from a UK estate/asset. As your parent is living in Poland there is no UK capital gains but she may want to check with the tax office in Poland re any charges that may be due.

Thank you.