HMRC Admin 19 Response

Hi,

Yes, your understanding of the position, as stated in your original post, is correct and you are not required to complete a Self Assessment tax return. We apologise for any confusion caused by previous responses. You can see guidance here:                                                   

HS300 Non-residents and investment income (2020)

Thank you.

Hi,

A lump sum is not legally defined and is therefore a matter of interpretation. HMRC's position is that a lump sum is any payment that is not a periodic payment. This may not empty the pot, and a taxpayer may have more than one lump sum payment. 

For example, if an individual receives monthly pension payments and then takes out a larger payment as a 'one off' from the same pension pot, whilst continuing to receive regular monthly pension payments, then this one off larger payment can be considered a lump sum as it is not a regular periodic payment.

Thank you.

Hi Jon Carr,

You can see an example below of how to calculate your Capital Gains Tax liability in a year in which you have:  

•  a capital gain on the sale of residential property                                        
•  a capital loss on the sale of shares                                                                                                                     

Example 1– gains of the year exceed losses of the year

Thank you.

Hi,

Deemed payments are treated as earnings from an employment with an intermediary, and are subject to PAYE.  

You can get tax relief on private pension contributions worth up to 100 percent of your annual earnings. You can see guidance here:         

Tax on your private pension contributions

Thank you.

Hi,

German state pension is only taxable in Germany. If you have any other German pension then this could be taxed In both countries and you would then claim relief for the foreign tax paid.

Thank you.

Hi,

You can see guidance here:

Capital Gains Tax: what you pay it on, rates and allowances

Thank you.

Hi,

You can see guidance here:

Tax when you sell shares

Thank you.

Hi Andrew Blair,

As August 2019 falls into the 2019 to 2020 tax year, no. 

Thank you.

Hi,

If submitted on the correct capital gain section of the return then this will show in your calculation. If you submitted the return online and included this as an attachment or a comment, then you will need to correct the return to include the capital gains section,

Thank you.