HMRC Admin 19 Response

Hi,
You can see guidance here:
Overseas pensions: pension transfers
You should seek financial advice if you wish to transfer your QROPs back to the UK.  
Thank you.

 

Hi,
You acquire the propety in 2 stages, so to work out your acquisition cost you take 50% of the value when purchased and add this to 50% of the value of when you acquire the second 50%. This is your acquisition cost and is deducted from the disposal value. To help you work out your gain, there is a calculator below, which includes a link to register for a capital gains account and report and pay any gain within 60 days of the completion date.
Tax when you sell property
Thank you.

Hi,
The declaration is yours. We may seek additional information from you and may disagree with your computation as a result. You can disagree with our decision and this could go to arbitration and ultimately court, where a judge would make an ruling.
Thank you.

Hi,
As a UK resident, you are, by default, liable to tax on all of your worldwide income and capital gains. If you are non UK domiciled and choose not to remit income or capital gains to the UK, you have to declare this in a Self Assessmdent tax return. You can see guidance on residence, domicile and the remittance basis here:
Residence, domicile and the remittance basis: RDR1
Thank you.

Hi DoctorT Ajems,
The disposal would need to be calculated using UK rules with all values converted to GBP sterling. You can see guidance here:
HS281 Capital Gains Tax civil partners and spouses (2024)
Thank you.

Hi,
Yes, you need to report this income in a tax return as its your total income that you are declaring to ensure the correct rate of tax is then applied on the rental income.
Thak you.

Hi
If you qualify for split year then you only report any foreign income for the UK part of the year. You can see guidance here:
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. Again, you can see guidance here:
Tax on foreign income  
The guidance below will help you work out if split year treatment applies:  
RDRM12150 - Residence: The SRT: Split year treatment: Case 4: Starting to have a home in the UK only
You can purchase 3rd party software to file the return online tp include the resdience section
Thank you.
 

Hi,
If you are no longer running the business and not making any taxable supplies then there would be a requirement to deregister from VAT. This would be the case if are a UK established business or a non established business.
We would recommend completing a paper application and attach a cover note with the application confirming why you are cancelling your VAT registration number.
Thank you.

Hi Wai Leong,
You will need to contact our Self Assessment team to progress chase this.
Self Assessment: general enquiries
Thank you.

Hi,
You can use the tool below to check if you need to submit a Self Assessment return:
Check if you need to send a Self Assessment tax return 
Thank you.