HMRC Admin 19 Response

Hi,

As it is owned by yourself, your wife and your son, you will need to write to HMRC at:

Self Assessment,
HMRC,
BX9 1AS

You will need to enclose a valid declaration of trust or TR1 land registry form showing the beneficial split. You can see guidance here:

TSEM9520 - Ownership and income tax: express trusts - written declaration

Thank you.

Hi,

The exchange rate that should be used should reflect the date the income was paid. 

Thank you.

Hi,

You can see guidance here:

BIM46445 - Specific deductions: professional fees: court proceedings

BIM42100 - Deductions

Thank you

Hi,

You can see guidance here:

Tax on your UK income if you live abroad

Thank you.

 

Hi,

It will be sorted through your tax return, but if you wish to benefit from it earlier, you would need to write in with evidence for your code to be amended.

Thank you.

Hi,

That is correct. However, make reference to the fact that you do receive the income on your tax return and that it is exempt under article 18 of the DTA.

Thank you.

Hi paul Mcman,

You will need to contact our Child Benefit team for advice.

Child Benefit: general enquiries

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Hi,

If you are gifting this to your wife, then no. You can see guidance here:

Check if you need to pay tax when you sell cryptoassets

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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 information here:

Tax on foreign income

The guidance below 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.
 

Hi,

You can see guidance here:

Tax on your UK income if you live abroad

Thank you.