HMRC Admin 32 Response
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RE: Fixed rate bond interests report in the tax return
Hi,
If you are unable to access any of the capital or interest in the bond, until it matures, then you declare the total amount of interst in the tax year that the bond matures and you are able to access the capital and interest.
If you have access to the capital in the bond at any time, then the interest is declared in each tax year that it arises.
The provider will be able to give you this information.
Thank you. -
RE: Interest from overseas savings SA106
Hi,
Foreign interest should be shown in the appropriate sections for interest on SA106, including any foreign tax paid. As the remittance basis is not being applied, your husband will need to declare all of his world-wide income, whether remitted to the UK or not.
Thank you. -
RE: Am I allowed to earn savings interest?
Hi,
You can open a savings account while in the UK on a skilled workers visa. Please have a look at the guidance for tax on savings interest at:
Tax on savings interest
It is only in situations where your savings interest exceeded £10000 that a tax retur is required.
If you have overseas interest, then this should be reported in a tax return.
Thank you. -
RE: Capital gains Tax after divorce
Hi,
Please refer to:
CG22400 - Transfer of assets: between spouses or between civil partners: separation, divorce or dissolution
Thank you. -
RE: Tax Liability on Financial Services Compensation
Hi,
Please refer to guidance at:
SAIM2340 - Interest: exemptions: compensation for mis-sold pensions
Thank you. -
RE: How to for Letter of Confirmation of Fiscal Residence ( not certificate)
Hi Kevin,
Please refer to:
How to apply for a certificate of residence to claim tax relief abroad
This covers a letter of confirmation too.
Thank you. -
RE: CGT RATE FOR GRANT OF LONG LEASE
Hi,
Please refer to guidance below and associated links.
CG71350P - Capital Gains Manual: Land: Leases: Alteration of terms of lease
Thank you. -
RE: Who pays UK Inheritance Tax on foreign property
Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you. -
RE: Working tax credit overpayment
Hi,
Please note: ‘there is no time limit for the recovery of the amount payable where HMRC are not bringing actions for the recovery of debts before the court. HMRC may not pursue any debt over six years old through the courts, but we are at liberty to recover by other means’.
Thank you. -
RE: Remote working in UK for Irish company
Hi,
If your employer transfers you to the UK payrol then yes. NI would automatically be deducted if this is the case.
Thank you.