HMRC Admin 32 Response

Hi,

It is generally when the contracts are exchanged unless there are any conditions attached. For your scenario you fall into 2023 to 2024 so get the £6000 allowance.

Thank you.

Hi,

Please refer to guidance at:

RDRM12160 - Residence: The SRT: Split year treatment: Case 4: The overseas and UK parts of the tax year

Thank you.

Hi,

HMRC cannot advise you on your residence as that is for you to determine based on the guidance available.

RDR3 Statutory Residence Test

Whether you need a return or not depends on a number of factors and you can check this at:

Check if you need to send a Self Assessment tax return

If a tax return is required it can be submitted by you or an agent.

Thank you.

Hi,

Whether you’re taxable on the ‘arising basis’ or the ‘remittance basis’, you’re taxable on any remittances of income or gains that arose or accrued in an earlier year in which you were taxed on the remittance basis.

Thank you.

Hi,

From 06 April 2024, Yes.

Thank you.

Hi,

Generally speaking, where the disposal of an asset is subject to contract the date of disposal for capital gains tax purposes is as follows:

The time at which the disposal (or acquisition) is made is the time the contract is made. It is not, if different, the time at which the asset is either conveyed or transferred.

Where the contract is conditional (and in particular if it is conditional on the exercise of an option) the date at which the disposal takes place is when the condition is satisfied.             

For your scenario this would be March 24.

Thank You.

Hi,

Please refer to guidance at:

Tax on your private pension contributions

Thank you.

Hi,

The calculation is based on the entire growth from date of purchase to date sold.

Thank you.

Hi,

In return for a service is broad language, and could cover a lot of different scenarios, for example, sharing a social media post, or signing up to use a particular platform.

As you had to send tokens to an address this is seen as a service and therefore liable to Income Tax. When you receive airdrops of crypto that are subject to Income Tax, you’ll pay tax based on the fair market value in GBP at the time you received them. 

Thank you.

Hi,

As there is no gain and no tax to pay you do not need to report it.

Thank you.