HMRC Admin 19 Response
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RE: Inheritance Tax
Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you. -
RE: Joint Account of Overseas Bank - How to report on Foreign Income with No Share at all
Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you. -
RE: CGT on property with declaration of trust
Hi,
No, income from property is taxable under Income Tax legislation, so cannot be set agains capital gains.
Thank you. -
RE: Bring savings from the Cayman Islands
Hi,
As long as the money you are bringing into the UK from your Cayman bank account was not earned in the tax year you bring it to the UK, then it will not be taxable.
There is no HMRC requirment for you to notify your UK bank. You may wish to speak to your banking provider, in case they have any other requirements.
Thank you. -
RE: ISA transfers
Hi,
That is correct, you can only invest in one of each type of ISA per year and if you transfer money from one ISA to another it does not count towards your allowance.
Thank you. -
RE: Tax on a UK Government Pension (if you live abroad)
Hi,
If you obtain Irish Nationality at a later date, you can apply for the pensin to be paid tax free in the UK. You would need to provide evidence of the change of your nationality.
Thank you.