HMRC Admin 32 Response

Hi,

Please refer to the following guidance:

Individual Savings Accounts (ISAs): Withdrawing your money

Individual Savings Accounts (ISAs): Transferring your ISA

Thank you.

Hi,

Please refer to the following guidance:

Tax on foreign income

Thank you.

Hi,

HMRC cannot comment on your contract. For the tax position, please refer to:

Tax on your UK income if you live abroad

Thank you.

Hi,

The double taxation treaty allows both countries to tax the rental income. you can claim foreign tax credit relief for any Italian tax paid to reduce your UK tax bill.

Relief for foreign tax paid (Self Assessment helpsheet HS263)

Thank You.

Hi,

Please refer to the Guidance.

Tax on your private pension contributions

Thank you.

Hi Skinny,

Although there is no capital gain arising in Hong Kong, you need to work out if there is a capital gain in the UK.  
If the property was your main residence for the whole period of ownership, private residence will cover all of the gain, so no UK capital gais liability.  
The 3 character code for private residence releif is 'PRR' in box 8 of SA108. Boxes 52.1 to 52.5 of SA108 are for individuals who are not resident in the UK, but have disposed of a UK property. You would only complete boxes 1 to 13 of SA108.

Thank you.

Hi,

As not domiciled, you can claim the remittance basis and the the income from the policy is not remitted in any way then you dont pay tax on it.

Further guidance is at:

Remittance basis 2024 (HS264)

Thank you.