HMRC Admin 32 Response

Hi,

We would need to access your record to review the repayment.
You can contact HMRC at:

Self Assessment: general enquiries

If you select Ask HMRC online then you will have the option to webchat with an adviser. 

Thank you.

Hi,

Ireland and Luxbembourg are popular for ETFs for their favourable tax regimes.  
Please have a look at the guidance at:

STSM101060 - Introduction to Collective Investment Schemes: Exchange Traded Fund - Overview

The taxation of an ETF depends on the asset class: Bonds, equities and commodities.  Bonds are taxed as income & CGT, equities are taxed as dividends & CGT and commodities taxed as capital gains.

Thank you.

Hi,

For assistance you will need to contact our Online Helpdesk.

Technical support with HMRC online services

Thank you.

Hi,

The £37700 is taxable income after your persoan allowance £12570 so to pay tax at the higher rate your gross income would need to be above £50270.

Income Tax rates and Personal Allowances

Thank you.

Hi Whaddy1990,

Please refer to:

Expenses if you're self-employed

Thank you.

Hi,

You will need to look at the guidance on split year treatment. If it applies, you only mention your income from 6 April to the date you arrived as a freehand note. If split year treatment does not apply, you need to declare your foreign income from 6 April and claim a tax credit for foreign tax paid.  
The tax treaty between the UK and Hong Kong, means you are taxable in the UK on the Hong Kong income from the date your arrived in the UK.  
Personal allowance is not split in any way, where you claim split year treatment. You are still entitled to the full amount. Declaring the capital gains tax from the disposal of shares in Hong Kong, will depend on split year treatment.
You can claim private residence relief for disposing of a property that was your main residence. If the property was your main residence for the whole period of ownership, private residence relief will cover all of any gain, so no tax is payable.
Split year treatment will determine if you need to declare the disposal on a tax return. The disposal of an overseas asset should be reported in a self assessment tax return, whether or not a gain arises. Provided that your savings transferred to the UK, were earned while you were not UK resident, they will not be taxable. Split year treatment will determine what interest is declared.
If split year treatment applies, you declare your UK income and capital gains for the whole tax year and your world-wide income and capital gains, from the date you arrived in the UK.  
If split year treatment does not apply, you are required to declare your world-wide income and capital gains for the whole tax year and claim a foreign tax credit for up to 100% of the foreign tax paid.

Thank you.

Hi,

Please refer to guidance at:

HS286 Negligible value claims and Income Tax losses on disposals of shares you have subscribed for in qualifying trading companies (2024)

Thank you.

Hi,

You need to complete a tax return to claim split year treatment. You would only include in the tax return, your UK income and capital gains for the whole tax year and your foreign income and capital gains for the period you were resident in the UK. As you were not resident in the UK at the time of disposing of your residential property, any gains would not be taxable.

Thank you.

Hi,

Paying National insurance does not affect your taxable income.

Thank you.

Hi Heraclitus
As your income is over £17570 you would not be entitled to the £5000 starting rate for savings. You would be entitled to the £1000 personal savings allowance.
Tax on savings interest
Thank you.