HMRC Admin 32 Response
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RE: Home to office mileage
Hi,
The business income manual covers itinerant workers and the travel costs to and between sites, but places qualitive limits on the distance that an itinerant taxpayer could live from the locatation at which they normally carry on their trade, for the cost to be allowable.
You would need to read the section of the court ruling, which can be found at:
BIM37620 - Wholly and exclusively: duality of, or non-trade, purpose: travel costs: to and between sites
Thank you. -
RE: Gift tax for cash gift from overseas
Hi MK1102,
There does not appear to be a disposal of property or land and you do not appear to have beneficial ownership of the property or land. It would appear that this may be a cash gift from your parents, which is not taxable. If it is not a gift, then I would need to refer your to BIM100125 regarding miscellaneous income.
BIM100125 - Miscellaneous income: scope of the provisions: sweep-up
Thank you. -
RE: Transferring savings to spouse to reduce interest tax liability
Hi,
There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax.
Further guidance can be found here.
Tax on savings interest
Tax on dividends
Thank you. -
RE: Split Year Tax for UK & Hong Kong
Hi,
If you qualify for split year then you only report any foreign income for the UK part of the year.
RDRM12000 - Residence: The SRT: Split year treatment
If you do not qualify then you will need to report all your foreign income to the UK.
Tax on foreign income
The guidance at RDRM12150 at GOV.UK will help you work out if split year treatment applies.
Thank you. -
RE: Gift tax for cash gift from overseas
Hi,
There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax.
Further guidance can be found here.
Tax on savings interest
Tax on dividends
Thank you. -
RE: UK.GOV Account "The details entered don't match our records "
Hi,
Unfortunately we do not have a timescale for this.
Thank you. -
RE: P45 Issue
Hi,
HMRC should receive the P45 information electronically from your previous employer. In order to update your tax code, you will need to contact us after you have received your first pay to allow us to amend the code.
Income Tax: general enquiries
Thank you. -
RE: Gift tax for cash gift from overseas
Hi jasonneil Neil,
Cash gifts do not attract Income Tax or Capital Gains, whether the gift emanates from the UK or abroad. Any interest the gift generates once you receive it, may be subject to tax. If the gift is placed immediately upon reciept, into an ISA (the max deposit annually for ISAs is £20000.00) the interest the gift accruesm, would not be taxable.
Thank you. -
RE: Money transfer
Hi sukenik,
You will need to contact our Income Tax team regarding this.
Income Tax: general enquiries
Thank you. -
RE: Tax on foreign pension lump sum for UK resident
Hi,
As the pension pot is held in the Isle of Man, we need to review the double taxation agreement with the UK and the Isle of Man.
Isle of Man: tax treaties
Article 17 covers pensions and advises that pensions and lump sums paid to a resident of the UK, shall only be taxable in the UK. You will need to submit a request for a certificate of residence.
How to apply for a certificate of residence to claim tax relief abroad
You will need to include details of the pension lump sum, including a gross amount. HMRC will send you a certificate of residence, which you should send to the Isle of Man tax authorites, to claim repayment of any tax deducted from the lump sum.
Thank you.