HMRC Admin 19 Response

Hi steve888richards,

There are no Income Tax implications on the transfer of money to the UK if this is capital from savings.

If the money generates any interest, however, and you are a UK resident, then this would need to be reported for Income Tax purposes.

You may wish to speak to your UK bank if you have one about the transfer. 

Thank you.

Hi,

If you qualify for split year then you only need to declare income for the UK part of the year.

You can see the following guidance on the completion of the SA109 with regards to this:

Residence, remittance basis etc (Self Assessment SA109)

Boxes 18-22 would only apply if you are claiming tax relief in the UK under a double taxation agreement. 

Thank you.

Hi,

As a UK resident, any foreign income earned while a UK resident generally needs to be reported to the UK unlss you are non domicile. In theses cases you can defer reporting the income until it is brought into the UK.

Gifts of money would not need to be reported for tax purposes. Any interest gained on the amount would however have been subject to UK tax. 

Thank you.

Hi,

As a UK resident all income from abroad is subject to UK tax unless there is a specific clause in the tax treaty to exempt this.

Please see the Australia tax treaty here:

UK/ AUSTRALIA DOUBLE TAXATION CONVENTION

DT2650PP - Double Taxation Relief Manual: Guidance by country: Australia: Contents

Thank you.

Hi smorrison,

There are no Income Tax implications on the transfer of money. 

Thank you.

Hi,

Financial planning is looking at ways to reduce your tax liability which HMRC does not get involved in.

HMRC may tax a UK resident's world wide income.

As mentioned previously if you take your Australian pension then under article 17 of the double taxation agreement the UK can tax this. If the pension you take is classed as a Trivial Commutation Lump Sum then Australia have the right to tax it and it will not be taxed in the UK.

Thank you.

Hi,

HMRC does not give advice on planning for the future as the tax rules can change at any time.

Under the current Australia /UK double taxation agreement, article 17, Pensions paid to a resident of the UK from Australia shall be taxable only in the UK. 

UK/ AUSTRALIA DOUBLE TAXATION CONVENTION

Thank you.

Hi,

Please see the following guidance on Tax on Foreign income:

Tax on foreign income

Thank you.
 

Hi,

Please see the following guidance which states that pension from Hong Kong remains taxable in Hong Kong:

UK/HONG KONG DOUBLE TAXATION AGREEMENT AND PROTOCOL

Thank you.

Hi,

To determine your tax residency status, please see the guidance here:

RDR3 Statutory Residence Test

Thank you.