HMRC Admin 19 Response

Hi,

For the MPF fund, no, you do not need to report it to HMRC.

Thank you.

Hi,

1. That is correct.  
2. You can claim the advertising expenses if you do not claim the property allowance. You can only claim actual expenses or the property allowance, not both.

Thank you.

Hi,

The interest earned will still fall under the ISA rules.

Thank you.

Hi,

Based on the information provided it appears that the office in the Isle of Man is a permanent workplace. Any travel expenses incurred, including accommodation, are ordinary commuting and are not allowable as a deduction. You can see guidance here:

EIM31800 - Deductions: travel expenses: general

EIM32000 - Travel expenses: travel for necessary attendance

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 will need to contact our Income Tax team for details of any timeframe for dealing with your query.

Income Tax: general enquiries 

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Hi,

You can see guidance here, in conjunction with the double taxation treaty with Hong Kong:

Paying tax on the remittance basis (Self Assessment helpsheet HS264)

Tax treaties

Thank you.

Hi,

No, the gain is based on the increase in value from the date the property was purchased. You can then claim Private Residence Relief for the period you lived in the property to reduce any taxable amount. You can see guidance here:

HS283 Private Residence Relief (2024)

Thank you.

Hi,

You can see guidance here:

Apply to pay voluntary National Insurance contributions when abroad (CF83)

Thank you.

 

Hi,

You can see guidance here:

Tax on your UK income if you live abroad

Thank you.