HMRC Admin 32 Response

Hi,

Please visit link below for recorded videos of webinars.

Expenses and benefits

Thank you.

Hi,

You would need to contact our income tax team to request this.

Income Tax: general enquiries

Thank you.

Hi,

Please refer to:

Remittance basis 2023 (HS264)

Thank you.

Hi,

Yes, that is correct.

Thank you.

Hi Aird,

Yes. You will then only need to declare any interest or dividends that the capital then generates.

Thank you.

Hi Hilary,

Sorry, we can only answer HMRC questions on this forum.

Please contact the Future Pension Centre for advice.

Contact the Future Pension Centre

Thank you.

 

Hi antonioscotti,

No. The gifted money is not taxable. However, if it 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.

Hi Kit WONG,

You will need to contact our webchat team for advice on this matter.  

Self Assessment: general enquiries

Thank you.