HMRC Admin 19 Response

Hi,

Students moving to the UK for full time study can claim a relief if the conditions are met, you can see guidance below, including information on repayment claims:

Students moving to the UK for full-time study

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Hi,

Please contact our imports and exports team for advice.

Imports and exports: general enquiries

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Hi,

Please contact our imports and exports team for advice.

Imports and exports: general enquiries

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Hi,

You will need to check this with French customs who can advise if the goods can still qualify for the China-France preference.

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Hi,

Although you will be taxable in the country that your home is located, if you are resident in the UK at the time of completion of the disposal, then you may be subject to Capital Gains Tax in the UK.  

To calculate if there is a gain, you will need to convert the acquisition costs using a just and reasonable exchange rate in use at the time of aquisition. You will also need to do this for the disposal value.  

If the property was you main residence, you may be able to claim Private Residence Relief to reduce any potential capital gain. You can see guidance here:

HS283 Private Residence Relief (2023)

There is also a calulator to help:  

Tax when you sell property

Any Capital Gains Tax payable will need to be declared in a Self Assessment tax return. You can see guidance for Self Assessment here:

Self Assessment

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Hi,

The difference between what you paid for the bond and what you redeem or sell it for, in box 3, page Ai1 on SA101 for UK gains. This will bring the income into the tax calcuation.  

On a foreign DDS investment the income is the difference between the purchase and redemption price after each has been converted to sterling on the day the transactions took place, so includes any foreign exchange gains. This is declared in box 41 page F6 of SA106.  

If you paid foreign tax on the deeply discounted securities, then a foreign tax credit can be claimed in SA106, to avoid double taxation of the gain.

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Hi,

No, these are revenue expeses and can only be set as expenses against the gross rental income in the tax year.

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Hi,

Yes, the payment you made into your pension scheme arises in 2023 to 2024 tax year, so the relief is calculated for that tax year

Thank you.

Hi,

Please have a look at the statutory residence tests below, and take the tests, to determine your residence position:

RDR3 Statutory Residence Test  

If you are resident in the UK for the whole tax year, you will need to consider the split year treatment guidance. If split year treatment applies, you would only declare your worldwide income from the date you arrived in the UK until the end of the tax year. If split year treatment does not apply, you will need to declare your worldwide income for the whole tax year and claim a foreign tax credit of up to 100% of the foreign tax paid.  

If you are considered to not be UK resident for the whole tax year, you would declare that you are not resident and only include any income and capital gains arising in the UK in a tax return.  

Where you have to declare foreign income, and, or capital gains, where foreign tax is payable, you can claim a foreign tax credit in the foreign section of a tax return. You can see guidance on Self Assessment here:

Self Assessment

Thank you.
 

Hi,

Please contact our VAT team so that we can progress your repayment claim.

VAT: general enquiries

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