HMRC Admin 19
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Re: Self-Assessment 2022-23
Hi,
You would still have the same account as before, however this would need to be reactivated by registering for self employment:
Register for Self Assessment
Thank you. -
Re: REIT Dividend distribution form investment clarify
Hi,
The income charged is the full amount or value of the dividends paid and other distributions made in the tax year, you can see more information here:
SAIM5020 - Dividends and other company distributions: the charge to tax on UK dividends etc.
No expenses are allowable. You should declare the full amount of the dividend. The calculation will take into account the dividend allowance.
Thank you. -
Re: Personal Tax from Foreign Income
Hi,
Firstly, complete the Self Assessment criteria checker to find out if you are required to complete a Self Assessment tax return form for the years in question:
Check if you need to send a Self Assessment tax return
We cannot advise you on what you should do with your tax return in Hong Kong, however when submitting your UK form you can claim foreign tax credit relief on any employment tax paid in Hong Kong to avoid double taxation if you are deemed a UK resident.
You can see the following link to register for Self Assessment:
Register for Self Assessment
Thank you. -
Re: Cash gift from parents outside UK
Hi,
You do not need to declare money gifted to you from a family member. However, there may eventually be inheritance tax implications depending on the circumstances.
Thank you. -
Re: Second Automatic UK Test
Hi,
This should be from the date you were living in the home.
Thank you. -
Re: Foreign Capital Gains.
Hi,
Yes you would complete both the SA106 and also the SA108.
Thank you. -
Re: Self Assessment for income in Hong Kong
Hi,
Please see the double taxation treaty between the UK and Hong Kong. Article 14 suggests this income would remain taxable in Hong Kong. However, if you are a UK resident for tax purposes for the 2021/22 year then you are required to declare your worldwide income on a Self Assessment form.
Hong Kong: tax treaties
With regards to the MPF and if this qualifies for tax exemption, you would need to check if this is a qualified overseas pension by checking the recognised overseas pension schemes notification list:
Check the recognised overseas pension schemes notification list
Any further information on whether your pension scheme is a qualified one or not will need to be directed to our pension scheme services.
Once the facts are established this will allow you to decide if the gross or net of pension contritbutions figure is declared as your taxable income.
Thank you.
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Re: Sole Trader claiming laundry expenses
Hi,
If the expenses are wholly, exclusively and neccessary then they would be allowed.
You must calculate the figure based on what you spend per annum soley towards washing the clothing relating to the business.
Thank you. -
Re: Double tax on US pension incomr
Hi,
If you are claiming tax back under the double taxation treaty between the US and the UK, please complete a DT Individual form and send to HMRC by post:
Double Taxation Treaty Relief
Thank you -
Re: 2 self employed people working together
Hi,
Our colleagues at the Employers Helpline can assist you with your query, you can contact them here:
Employers: general enquiries
Thank you.