HMRC Admin 19 Response

Hi,

If you contact our Income Tax team we will be able to review each year.

Income Tax: general enquiries

Thank you.

Hi,

If you are unable to pass the verification you will need to contact us by telephone or in writing.

Income Tax: general enquiries

Thank you.

Hi,

This is a choice for you to make as to whether you have a self employed property business or a capital gain.  

HMRC are unable to provide financial planning advice. You may wish to speak to an independent financial adviser for further assistance.

Thank you.

Hi CharlesFr,

There are no Income Tax implications of transferring capital from a foreign bank account to a UK bank account. Only if the capital generates income, such as interest or dividends, then this would be subject to Income Tax.

You can see information below regarding limits to the amount of cash brought into or taken out of the UK.

Take cash in and out of the UK

Thank you.

Hi,

We cannot confirm your residence position for you. You have to determine this and then inform us whether you are UK resident or not. You should be able to determine this by taking the Statutory Residence Test here:

RDR3 Statutory Residence Test

You can also use the link below which you may find easier if you are unable to confirm using the Statutory Residence Test.

Tax on foreign income

Thank you.

Hi,

We currently expect returns to be processed within 3 weeks of receipt. If the nominated partner contacts our Self Assessment team we will be able to look into this.

Self Assessment: general enquiries

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Hi,

There are no Income Tax implications on the giving or receipt of cash gifts, but you may wish to speak to Inheritance Tax regarding any Inheritance Tax implications.

Inheritance Tax: general enquiries 

You may also want to review the guidance here:

How Inheritance Tax works: thresholds, rules and allowances

Rules on giving gifts

Thank you 

Hi,

You can see guidance below which confirms that capital gains is chargeable on beneficial owners of property.

CG10720 - Persons chargeable: beneficial owner

You can see information regarding Private Residence Relief here:

Private Residence Relief (Self Assessment helpsheet HS283)

If you have lived in the property for the full period of ownership and this is your only home then any capital gain on disposal will be covered by Private Residence Relief. As your sister has never lived in the property then she could be liable to pay Capital Gains Tax.

Thank you.

Hi,

If you are unable to pass the verification questions you can report your capital gain to us by using the form from the link here: 

Report Capital Gains Tax on UK property

We will then issue a calculation to you and confirm the Capital Gains Tax due and the date is due to be paid by.

Thank you.

Hi,

On the basis of the information provided you appear to qualify for the 'foreign workers' exemption, and you would therefore not be required to submit a Self Assessment tax return. You can see guidance here:

Tax on foreign income

Thank you.