HMRC Admin 32 Response

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.

Hi,

Yes, you can use any of the 3 spot rate dates.

Thank you.

Hi,

UK/US citizens resident in the UK are taxable on their IRA interest in the UK. IRA's are treated differently from Roth IRA's, in that they are taxable in the UK under foreign interest. The gross interest would be declared in the self assessment tax return, using the supplementary page SA106. The interest would be treated in the same way as UK interest and attract that starting rate of £5000.00.  

Have a look at:

Tax on savings interest

DT19852 implies that tax is not payable in the USA on this interest. 

Thank you.

Hi,

You can contact us on webchat. You can use the link belowt and go to 'Ask HMRC Online'.

Self Assessment: general enquiries

Thank you.

Hi,

There is currently no Webchat for PAYE, you can contact them by telephone or by writing.

Income Tax: general enquiries

Thank you.

Hi,

As the payment is from your employer, the income should be shown in the employment section if it is included in your P60. You would then claim credit for the Tax in the foreign section under 'Employment, self-employment and other income which you paid foreign tax on'. If it's not included in your P60, please include it on the box on the employment page for 'Tips and other payments not included on your P60'.  

ERSM20193 advises that when RSUs payout at the market value on what is called "dividend equivalents" in either cash or shares, such payments will generally be taxed as earnings in the year they are received.  

Employment Related Securities Manual

Thank you.

Hi,

To answer this in full, can you confirm if the space is within residential property grounds eg driveway.

Thank you.

Hi,

Please refer to:

Report and pay your Capital Gains Tax

Thank you.