HMRC Admin 19 Response

Hi,

Your spouse or civil partner may have to pay tax on any gain if they later dispose of the asset. Their gain will be calculated on the difference in value between when you first owned the asset and when they disposed of it. If this was before April 1982, your spouse or civil partner should work out their gain using the market value on 31 March 1982 instead.

They should keep a record of what you paid for the asset.

Thank you.

Hi,

There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax. Further guidance can be found here:

Tax on savings interest

Tax on dividends

Thank you. 

Hi,

If the contributions are from your net pay, then yes, this will reduce the adjusted income figure.

Thank you.

Hi,

You can see guidance here:

Tax on foreign income

Thank you.

Hi,

We cannot advise you on your residence status as that is for you to confirm using the guidance available. If you are non domiciled you can opt for the remittance basis but you must complete a tax return to confirm this.

Thank you.

Hi,

Please contact the Inheritance Tax team for advice.

Inheritance Tax: general enquiries

Thank you.

Hi,

There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax. Further guidance can be found here:

Tax on savings interest

Tax on dividends

Thank you. 

Hi,

You can see guidance here:

CG25330A - Remittance basis: election for foreign losses to be allowable: TCGA92/S16ZA

Thank you.

Hi,

You can see guidance here: 

Lifetime ISA

Thank 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. You can see the guidance here:

Tax on foreign income

The following guidance 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

Thank you.