HMRC Admin 19 Response

Hi,

If you are UK resident and domiciled then, yes, you need to declare the foreign income. You can see guidance here:

Tax on foreign income

Thank you.

Hi,

You can see guidance here:

Tax on foreign income

For exchange rates you can use any within the relevant tax year here:

HMRC currency exchange average rates

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Hi,

You can see guidance here:

RDRM32020 - Remittance Basis: Accessing the remittance basis: Claiming the remittance basis: Making a claim

RDRM32390 - Remittance basis: accessing the remittance basis: remittance basis charge - nomination of foreign income and gains: payments on account - interaction with the remittance basis charge (RBC)

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Hi,

You can see guidance here:

Your right to buy your home: a guide Updated 6 April 2023

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Hi,

It is important to recognise that when making a negligible value claim you would make a 'deeemed disposal' of your shares, with those shares then being immediately reacquired. The guidance which answers your question can be found at VCM23110 below, that states 'The deferred gain...will be brought back into charge when there is a chargeable event.' These events include 'a disposal, including a deemed disposal of the EIS eligible shares'.

VCM23110 - EIS: deferral relief: shares issued on or after 6 April 1998: when is the deferred gain brought back into charge?

It is therefore clear that if making a negligible value claim on EIS shares which formed the basis of a deferral relief claim, the revived gain would be brought back into charge on the date of deemed disposal. The date of your deemed disposal and reacquisition is generally the date of your claim, although an earlier date may be specified in your claim as long as a) it is a date later than that on which the shares became of negligible value and b) that earlier specified date is not more than 2 years before the beginning of the tax year of assessment in which the claim was made. You can see information here: 

CG13130 - Introduction and computation: occasions of charge: assets lost/destroyed/negligible value: date of deemed disposal/reacquisition

A negligible value claim may not be made if the shares no longer exist, for example, after the company concerned has been dissolved. 

Thank you.

Hi,

It should still be shown on your tax return as it is UK income. As a non resident, it will be treated as disregarded income but you need to ensure the residence page SA109 is completed on your tax return. You can see guidance here:

Tax on your UK income if you live abroad

Thank 

Hi,

Please contact our Inheritance Tax team for advice.

Inheritance Tax: general enquiries

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Hi,

You can see guidance here:

Report and pay your Capital Gains Tax

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Hi,

1. You will not pay tax on the transfer of the capital.  
2. You can see guidance here: Check if you need to pay tax when you sell cryptoassets
3. If the gift is not to a spouse or a charity, this would be seen as a sale and subject to capital gains tax

Thank you.