HMRC Admin 32 Response

Hi,

Please have a look at the pensions tax manual at PTM041000, as it defines the deemed date of contribution. 

PTM041000 - Contributions: essential principles

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Hi,

You will declare the income earned in Netherlands and can claim Foreign Tax credit relief.

Relief for foreign tax paid (Self Assessment helpsheet HS263)

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Hi,

You enter the gross amount received under foreign income. foreign tax credit relief can apply if UK tax is also due on the same source.

Relief for foreign tax paid (Self Assessment helpsheet HS263)

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Hi,

If you qualify for split year then you only report any foreign income for the UK part of the year

RDRM12000 - Residence: The SRT: Split year treatment

If you do not qualify then you will need to report all your foreign income to the UK

Tax on foreign income

The guidance at RDRM12150 at GOV.UK will help you work out if split year treatment applies. 

Thank you.

Hi,

Overseas income is a requirement to file a return as you are liable on your worldwide income if you are UK resident. 

You will now need to send in paper returns as you will have closed the option to file online by answering no.

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Hi,

When it comes to capital gains tax (CGT), UK-domiciled ETFs are treated the same way as other investments like stocks and shares.

Gains from the sale of these ETFs are subject to CGT, provided they exceed the annual exemption limit.

Dividends and interest distributions from UK-domiciled ETFs are also subject to Income tax, with different rates depending on the investor’s tax bracket. 

Thank you.

Hi,

Please refer to:

Tax on your UK income if you live abroad

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Hi,

HMRC cannot comment on future events as legislation and/or plans may change. For current rules, please refer to:

HS283 Private Residence Relief (2023)

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Hi,

Please refer to guidance at:

Tax on your UK income if you live abroad

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Hi,

As this is not on the list of public funds, then you can still pay into a UK pension to receive the additional relief.

Guidance: Public funds

Thank you.