HMRC Admin 19 Response

Hi,

If you meet the criteria for completing a Self Assessment tax return you will report it there.

Check if you need to send a Self Assessment tax return

Thank you.

Hi,

As you sold the shares immediately upon vesting, there is no Capital Gains Tax to pay.

As the payment is from your employer, the income should be shown in the employment section if it is included in your P60. If it is not included in your P60, please include it on the box on the employment page for 'Tips and other payments not included on your P60'.  The following guidance advises that when RSUs payout at the market value on what is called ""dividend equivalents"" in either cash or shares, such payments will generally be taxed as earnings in the year they are received.  

ERSM20193 - Employment-related securities and options: what are securities: RSUs and dividend equivalents

Thank you.

Hi,

The following guidance describes the accommodation tie.  

RDRM11550 - Residence: The SRT: Accommodation tie

If you have a place to live in the UK that is continuously available to your period of 91 days or more and you spend one or more nights in that property, then you meet the accommodation tie criteria.

Hotels and guesthouses are not usually considered an accommodation tie as people would not usually book a room in the same hotel for at least 91 days continuously in a tax year. It is not the fact that they may be staying in a hotel or guesthouse that matters but the availability of the accommodation and their use of it.

Thank you.

Hi,

There is no Income Tax liablity arising from the gift of cash from one person to another.  

If you are a UK tax resident, then you may need to consider Inheritance tax implications. Gifts below £3000, can be ignored for Inheritance Tax purposes, gift above this amount will need to be included in your estate for Inheritance Tax, should you pass away within 7 years of making the gift. You can see more information on Inheritance Tax here:

How Inheritance Tax works: thresholds, rules and allowances

Thank you.

Hi,

You can see the guidance on mixed funds here:

RDRM35230 - Remittance Basis: Amounts Remitted: Mixed Funds: Remittances from mixed funds

Thank you.

 

Hi,

Yes, to declare non residency requires the completion of a Self Assessment tax return.  

If you are resident for the full tax year, then there is no need to consider split year treatment. If you are non resident for the whole tax year, you do not declare overseas income or gains on the tax return, only UK income and gains.  

UK savings interest and diviends are treated as 'disregared income' and should be declared on the tax return. Any UK tax paid on this income remains payable.  

Overseas income arising in tax years in which you are not resident in the UK, are not taxable in the UK and if some of it is remitted to the UK in a tax year, when you are resident, it will not be taxable.

Thank you.

Hi,

As long as your overseas interest was not taxed, and is below £2000, then you can declare it in pounds sterling in box 3 of SA100.  

If tax was deducted and you want to claim a foreign tax credit, it will need to be declared in SA106.

Tax Return (2023)

Thank you.
 

Hi,

As long as your overseas interest was not taxed, and is below £2000, then you can declare it in pounds sterling in box 3 of SA100.  

If tax was deducted and you want to claim a foreign tax credit, it will need to be declared in SA106.

Tax Return (2023)

Thank you.
 

Hi,

If your parents were not resident in the UK at the time of the disposal of the property, there is no Capital Gains Tax liability in the UK.  

There is no Income Tax liability in recieving a cash gift or from transferring that cash gift to a UK bank account.

Thank you.