HMRC Admin 19

Hi,

You should complete the relevant pages of your 2021/22 to claim the FHL loss, which will then be available to carry forward to future tax years (to be set off against any future FHL profits).

As regards the difference between the Portugese and the UK tax years, you will have to work out what proportion of your FHL profits and expenses fall within each UK tax year, and declare the relevant amounts accordingly.

Thank you.

Hi hokmanli,

You should declare any loan interest paid to you by your brother, otherwise, there are no tax consequences.

Thank you.

Hi,

At that time refers to the period during which you had a home in the UK.

So, for you to qualify per the second automatic UK Test, you would, have to have had a home in the UK for a period of 91 consecutive days and at least 30 of those days had to fall within the 2021/22 tax year and during that period, you had to have no overseas home or if you had an overseas home, you were in it for fewer than 30 days in 2021/22. 

Thank you

Hi,

You will need to send computations for each asset or type of asset you sold or disposed of in support of the capital gains summary. There are working sheets on pages CGN 11 and CGN 12 of the summary notes that you can use for simple calculations of gains or losses on the disposal of land, other assets and whole holdings of shares. You do not have to use these working sheets, and cannot use them if you have part disposals of share holdings or cryptoassets.

You should ensure the computation you provide gives sufficient information to show how gains and losses are calculated. You will need to put ‘X’ in the appropriate box if your computation includes a valuation and tell us, the date of the valuation and a full description of the asset in the additional information 'white space' section, or in the computation.

Thank you.


 

Hi,

The form you require does not have a specific reference number, it is simply known as the manual Capital Gains Tax UK Property Disposal Return form.

Thank you.

Hi,

Please declare the full amount of the REIT dividend distribution, as shown on the relevant dividend voucher.

Thank you.

Hi,

Without knowing your current employment and residence circumstances, we are unable to advise you regarding National Insurance contributions.

Thank you.

Hi,

Please note that working overseas for a year will not affect your domicile status in any way. You can see guidance here:

Residence, Domicile and Remittance Basis Manual

Thank you.
 

Hi Yanng 1229,

There are no UK tax implications on cash gifts received from abroad from relatives or friends, however tax may be due on any interest generated from this income.

Thank you.

Hi,

In order to establish if you need to complete a UK tax return in the tax year of your arrival in the UK, you will each need to do the Statutory Residence Test.

RDR3 Statutory Residence Test

If there are any particular questions you are unsure about, you can post this on the forum or phone us on 0300 200 3311.

You may also find the guidance on leaflet HMRC 6 helpful:

Residence, domicile and the remittance basis

Thank you.