HMRC Admin 19 Response

Hi,

No, there is no tax liability for transferring savings into the UK.

Thank you.

 

Hi,

You can see guidance here:

Claim tax relief for your job expenses

Thank you.

Hi,

You can submit a claim for exemption under the double taxation agreement. Tthe form is here:

Double Taxation: Treaty Relief (Form DT-Individual)

Thank you.

Hi Bill Wong,

You will need to determine your residence status, to determine the action needed. You can see the guidance on residence here:

Guidance note for residence, domicile and the remittance basis: RDR1

You can take the tests here:

RDR3 Statutory Residence Test

If split year treatment applies you will need to complete a Self Assessment tax return to claim this.

You will need to complete a Self Assessment tax return anyway, as the foreign income generated while you are resident in the UK, is taxable in the UK.  You can register here:

Register for Self Assessment

Thank you.

Hi,

The official exchange rates can be found here:

Exchange rates from HMRC in CSV and XML format

More historical rates can be found here:

Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009

Thank you.

Hi,

There may be a transfer charge to pay. You can see guidance here:

Overseas pensions: pension transfers

Thank you.

Hi,

There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax. Further guidance can be found here:

Tax on savings interest

Tax on dividends
 
Thank you.
 

Hi,

To qualify for the foreign workers exemption, all of the following have to apply:                            

• your income from your overseas job is less than £10,000
• your other foreign income (such as bank interest) is less than £100
• all your foreign income has been subject to foreign tax (even if you did not have to pay, for example because of a tax-free allowance)
• your combined UK and foreign income is within the band for basic rate Income Tax you do not need to fill in a tax return for any other reason

You can see more information here: 

Tax on foreign income

Thank you.


 

Hi,

Yes, there would be capital gains implications as this is still seen as a sale as you would have a value at the time purchased and a value at the time of transfer. As a non resident, you need to report the 'sale' even if no tax to pay. You can see information here:

Tax when you sell property

Thank you.

Hi,

You can see guidance here:

Tax on foreign income

Thank you.