HMRC Admin 19 Response

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 following guidance 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,

Yes, this will need to be declared in a tax return.

Thank you.

Hi,

You can attach a pdf of what your broker sent as well as your own record as clarification.

Thank you.

Hi,

If the turnover, gross, is over £1000, yes, you need to declare it as there will still be taxable income after the deduction of the £1000 trading allowance.

Thank you.

Hi,

You will use the same UTR and tailor your return at section 3 to show the sources of income that you have.

Thank you.

Hi,

You can see guidance here:

Tax on foreign income

Thank you.
 

Hi,

These forms are for paper returns. For online filing you need to tailor you return to suit your sources of income.

As no tax was deducted on the foreign income you will declare this either under employment or self employment if the income is not interest, dividends, pension or rental income.

Thank you.

Hi,

If your parents are resident in Belgium when they gift you a UK property, they may have tax to pay in Belgium.  

You may be subject to Capital Gain Tax should you decide to dispose of the property at a later date. You can see the guidance below which includes a calculator, to help work out a capital gain.

Capital Gains Tax

Thank you.

Hi,

Yes, you both need to report the gain. You can see guidance here:

Report and pay your Capital Gains Tax

Thank you.

Hi,

When you submit the P85 there will be a section on the form to enter your UK bank details. Once reviewed we will send you a calculation of any refund due and how it will be repaid. 

Thank you.