HMRC Admin 19 Response

Hi,
As you have emptied each pension pot, you will need to complete a P50Z for each pension. You can see guidance here:
Claim a tax refund if you've stopped work and flexibly accessed all of your pension (P50Z)
Thank you.

Hi Keith Duncan,
To apply for a UTR you need to register for Self Assessment, on succesfully registering, your UTR will be issued to you:  
Check how to register for Self Assessment
Thank you.

Hi,
As there is no Capital Gains Tax liability on the transfer of assets between husband and wife, the transfer is at the value at the time of inheritance.  
Your mother now owns 100% of the property she inherited, so she would use the inherited value as declared in probate.
Thank you.

Hi,
Yes, you will be able to claim a foreign tax credit, for tax deducted in the USA. This needs to be declared in the foreign section of the tax return. The UK will tax bonds as income and equities as dividends.
Equities, bonds and commodities are subject to Capital Gains Tax on disposal.
Thank you.

Hi,
Are these items your own personal property or are they acquired for the purpose of disposing for profit? If they are your personal possessions, then there is the potential for Capital Gains Tax. You can see guidance here:
Capital Gains Tax on personal possessions 
If they are acquired as part of your trade to dispose for profit, then they should be included in your gross turnover from self employment. If you exceed £1000 trading allowance, then you will need to register for Self Assessment as self employed and complete Self Assessment tax return.
Check how to register for Self Assessment
Thank you.

Hi RPDean,
If your gross self employment income will be greater than £1000 in the tax year then you will need to register as self employed and complete a Self Assessment tax return at the tax year end: Check how to register for Self Assessment
Thank you.

Hi,
Yes, Capital Gains Tax may be payble. The person who inherited the share of the asset is the 'beneficial owner' of the 50% share of the property, even if their name does no appear on the title deeds. This means they may be liable to Capital Gains Tax on the disposal of the property. They will receive the funds arising from the dispsosal. Please have a look at the guidance below, it includes a capital gains calculator and links to register for a capital gains account, report and pay the Capital Gains Tax within 60 days of the completion date.
Tax when you sell property
Thank you.

Hi,
You will need to review the guidance on statutory residence to determine your residence status here:
RDR3 Statutory Residence Test
If you are tax non resident for the whole tax year, you would not be required to declare this income in a tax return.  
If you are tax resident for the whole tax year, you would be required to declare it and claim any appropriate foreign tax credit.
Thank you.

Hi,
Provided your foreign interest is untaxed, you can use box 3 for interest of £2000 or lower.
The alternative is the interest section of the foreign page, SA106, or online return.  
Thank you.

Hi,
The tax treaty allows for Hong Kong to tax your rental income first. HMRC will also have the right to tax your rental income in a Self Assessment tax return, under your worldwide income in the foreign section. You will need to work out your net profit using GBP sterling.  
You will also be able to claim for interest charged on the mortgage in the box 'Residential property finance costs' on your online return or box 44 of SA105: 
UK Property
Thank you.