HMRC Admin 32 Response

Hi,

Income from 'Preferred shares' is treated as dividends.  

Tax on dividends

Thank you.

Hi,

As its a conversion and not a withdrawal of the actual pension, this is not taxable in the UK and doesnt need to be reported here.

Thank you.

Hi,

Please refer to additional guidance at:

EIM32075 - Travel expenses: travel for necessary attendance: definitions: temporary workplace

Thank you.

Hi,

You will not pay tax on the actual capital that you transfer but may be liable on any interest or dividends this then generates.

Thank you.

Hi,

As this would be seen as enhancement as the value of the property has incereased, this expense would be allowed provided you have receipts to support it.

Thank you.

Hi,

You will need to send the certificate along with the claim for double taxation relief. 

Double Taxation: Treaty Relief (Form DT-Individual)

Thank you.

Hi,

You need to enter the gross amount of income you receive and the amount must be in sterling. If filing by paper, you can leave the entry at box 2 empty and HMRC will calculate the amount of foreign tax credit relief due to you. The amount of credit due is dependant on what the UK tax would be on the foreign income.

Thank you.

Hi,

Income Tax and Capital Gains are charged using the 'arising basis'. This means that the income / gains are taxable in the tax year in which they arise. If you are unable to access the principle in your account until the account matures, then the interest is taxable in the tax year the account matures. If you an access the principle at anytime, then the interest is taxable each tax year it arises.

Thank you.