HMRC Admin 19 Response

Hi,

These can be found here:

Exchange rates

Thank you.

Hi,

US government bonds, sometimes known as T-Bills or Treasury Bills are generally taxed as income rather than capital gains. The return is paid at maturity rather than regular interest payments. In the UK, these are known as deeply discounted securities, with the discount being the difference between the price at which they were issued and the price received at maturity.

On a foreign 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. Losses cannot be deducted. You can see more information here:

SAIM3010 - Deeply discounted securities: introduction

Thank you.

Hi,

You will need to tailor your return at section 3 to say yes to capital gain. You need to state that it is unlisted shares and then complete the boxes required for the amounts.

Thank you.

Hi,

It depends on whether these are used for personal use or whether you are trading. You can see guidance here: 

CG78300 - Foreign currency: introduction

If trading, you need to tailor your return at section 3 to complete the capital gains section.

Thank you.

Hi,

Under the terms of the double taxation treaty with Hong Kong, this income is only taxable in Hong Kong and does not need to be declared in the UK.

Thank you.

Hi,

As a non UK resident you are required to complete a residence page with your tax return and this cannot be done online with HMRC software, this has always been the case. You will need to purchase third party software to file. You can see more information here:

Tax on your UK income if you live abroad

Self Assessment commercial software suppliers

Thank you.

Hi,

No, this is not an allowable expense.

Thank you.
 

Hi,

The chargeable event would normally have notional tax deducted at source. If not, based on the amount received, this would be covered by your personal allowances and there is no need for a tax return.

Thank you.

Hi Jess W,

If it is a UK residential property and there is no tax to pay, you do not need to report the sale.

Thank you. 

Hi,

You can see guidance here:

https://www.gov.uk/understand-self-assessment-bill/payments-on-account

Thank you.