HMRC Admin 32 Response

Hi,

Please refer to guidance at:

Remittance basis 2024 (HS264)

Thank you.

Hi,

Please refer to the guidance notes at:

Residence, remittance basis etc notes

Thank you.

Hi,

You will take an average of the 3 taking into account the higher valuation on the 2nd 2.

Thank you.

Hi,

You would declare the Insolvency Service payment as a redundancy payment under the other UK income section. For the redundancy you would answer yes to the question on the tailor your return section- Did you receive any other UK income, for example, employment lump sums, share schemes, life insurance gains? This will then open the section to declare the redundancy payment. 

Thank you.

Hi,

Please refer to:

Remittance basis 2024 (HS264)

Thank you.

Hi,

The 183 days is in reference to the days you live in the UK wether working or not. If taxed in both countires you can claim foreign tax credit relief for the tax paid in the country that you are not resident.

Thank you.

Hi,

Details of how to amend your Self Assessment tax return can be found at:

Self Assessment tax returns

You will declare this as PAYE income and this will allow you to show the tax paid.

Thank you.

Hi,

The interest paid on commerical and government bonds, also know as the 'coupon', is taxable as income in the UK. Income cannot be used to offset losses on the price bond fund. Capital Gains losses can be set against other Capital Gains.

Thank you.

Hi,

This is something you should discuss with your ISA providers. Any of the interest generated from the ISA is tax free, so it would be at the discretion of your provider whether they would pay the interest monthly as you suggest.

Thank you.

Hi,

You can access detailed information regarding the Let Property Campaign online at:

Let Property Campaign

Thank you.