HMRC Admin 32 Response

Hi,

If you are resident in Belgium, yes.

Thank you.

Hi,

Yes. You shoud consider the inheritance tax implications relating to your estate.  

Inheritance Tax

Thank you.
 

Hi,

By default, UK resident are subject to tax on their worldwide income and gains on an arising basis. I can confirm that your NRO interest is taxable both in India and in the UK. As this is foreign income, you are required to declare it in a Self Assessment Tax Return. Foreign Tax Credit relief is available in respect of tax deducted at source on NRO accounts.  

Thank you.

Hi,

If it is a cash gift, then no.

Thank you.

Hi Michal,

That is correct.

Thank you.

Hi,

As a certificate has been issued it will still need to be declared.

Thank you.

Hi,

No, as the original £21k has been transferred and is not a new deposit of cash.

Thank you.

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. 

Please also refer to:

HMRC rates and allowances

Thank you.

Hi,

No. the £3000 gift per annum is so that this is not included when working out the value of an estatec.

Thank you.

Hi,

If you had confirmed that the updated car benefit figure was present in your tax code for the year affected, it could be that some of the information in your tax return is incorrect.

To allow us to check your return, and advise you further, contact our Self Assessment team by webchat or phone via:

Self Assessment: general enquiries

Thank you.