HMRC Admin 32 Response
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RE: Gains on foreign life insurance policies
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. -
RE: PhD student holding BNO visa: is the PhD stipend NOT taxable?
Hi,
Please refer to below in conjunction with Article 19 of the double taxation treaty.
DT1930 - Non-residents: UK income: Visiting students and apprentices
2010 Hong Kong-UK DTA
Thank you. -
RE: HMRC Form required for Capital Gains Tax - selling French property
Hi,
It is a certificate of residence you apply for and specify that it is for a french property.
How to apply for a certificate of residence to claim tax relief abroad
Thank you. -
RE: Foreign income
Hi,
Article 15 of the UK/china tax treaty related to employment income and advises that employment income earned while in China is taxable in China, but if in the UK when earning the income, then it is taxable in the UK as foreign employment income, provided you spend less than 183 days in any 12 month period in China.
This would be declared on a self assessment tax return.
Income from RSUs would fall under the guidance below.
UK/CHINA DOUBLE TAXATION AGREEMENT SIGNED 27 JUNE 2011
If taxable in the UK, and combined by your employer into your income, you would declare on page SA102, with any tax deducted on SA106, so that you can claim a foreign tax credit.
If separate from your employment income, you would show the vested shares in the box marked "Tips and other payments not included on your P60".
Thank you. -
RE: Tax reclaim relating to income from discretionary trust
Hi,
Trust income is criteria for completing a self assessment tax return (SA100).
The trust income is declared on SA107.
As the trust has already paid tax on the trust income at 45%, anyone who pays tax a lower rate or no tax at all can claim a repayment of the tax already deducted on their behalf by the trust.
Only where an individual pays tax in their own right at 45%, would there be no refund, as the correct amount of tax was deducted.
Thank you. -
RE: CGT on house after fathers death where mother resided as tenants in common
Hi,
The gain will be based on the half share and from your figures its the 35k that it will be taxable on and for your share £11.5k. Tax is due on anything over £3000 for 2024 to 2025.
Thank you. -
RE: Selling a part share of domestic property
Hi,
If you are living in the property as your main resdience then no captial gains will be due whether you are married or not.
Thank you. -
RE: Van purchased by wife for my business (loan)
Hi,
We can only provide general information and guidance in this forum.
For an answer to a detailed question of this nature, you would need to contact our self assesment team using the link below or seek professional advice.
Self Assessment: general enquiries
Thank you. -
RE: PAYE for non UK director
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RE: Can we earn through google adsense or Facebook when we are in work visa?