HMRC Admin 19 Response

Hi,

If you stay too long in the UK, you will become tax resident. This means that you would be taxable on your worldwide income in the UK, on the 'arising basis', which would be declared on a Self Assessment tax return.  

You may also have the option of claiming the remittance basis of tax, where you would declare your income, and, or capital gains brought into the UK and pay tax on that.  

You should review the guidance on statutory residence and take the residency test to determine your residency position. This will allow you to work out how many days you can be in the UK and be considered not tax resident. You can see guidance, and take the tests here:

RDR3 Statutory Residence Test

You should review the guidance on the remittance basis, to work out if this is an option.  

Residence, domicile and the remittance basis: RDR1

Thank you;

Hi,

1. You would need to know the amount of tax that relates to the RSU and work it out from there.  
2. As per our original reply.

Thank you.

Hi,

You can see guidance here:

Tax on your UK income if you live abroad

Thank you.

Hi,

No, as this relates to work that was done in Hong Kong.

Thank you.

Hi,

The guidance below describes the 'arising basis' as "most individuals who are resident in the UK are taxable on the arising basis and pay tax on their worldwide income and gains. So, on the arising basis, the foreign income of UK residents is charged to tax in the year in which it arises overseas. For example, an employee is taxed on the full amount of earnings from a foreign employment for the tax year. Likewise, any capital gains are subject to UK tax in the tax year in which the gain accrues. In most cases that is the year in which the asset is disposed of".  

RDRM31030 - Remittance Basis: Introduction to the Remittance Basis: Overview of the Remittance Basis regime: What is the Remittance Basis?

Thank you.

Hi,

Please refer to the guidance and associated links here:

CRYPTO20250 - Cryptoassets for individuals: what is trading

Thank you.

Hi,
  
Please scroll down to overseas transfer allowance in the following guidance for more information:

Lifetime allowance guidance newsletter: March 2024

Thank you.

Hi,

If you are UK resident and domiciled, yes, as you are liable on your worldwide income. You can see guidance here:

Tax on foreign income

Thank you.

Hi,

We can only provide general information and guidance in this forum. For an answer to a detailed question of this nature, you would need to contact our Self Assesment team or seek professional advice.

Self Assessment: general enquiries

Thank you.

Hi

As there are a number of conditions that need to be met to see if this is classed as recycling please refer to the guidance here:

PTM133810 - Unauthorised payments: Deemed or specific situations that are unauthorised payments: recycling of pension commencement lump sums: overview

Thank you.