Willy Choy

Understand, thank you!

Thank you. Do you mean HMRC does not handle tax issues in Scotland or I should address the ADS issue to another authority please?

I just bought a property in Scotland and paid the ADS. Nevertheless, as I will only land there 1 year later, probably one of my best friends will go there first and I want to let her family staying in my house for a few months and its free. May know if they can still register in Council and so kids can go to schools please? And will it impact me to claim back the ADS after I sold my property outside UK and move to Scotland 1 year later please? Thanks for your clarification.

Thanks for your kind reply. Nevertheless, the Premium Financing tool is part of the investment when purchasing this insurance policy. If the gross return cannot be deducted the interest expenses when calculating the income tax, my net return will be a negative return after paying the tax, hence can HMRC consider the case in whole structure rather than just looking at the gross return of the insurance policy? Thanks for your advice again.

Good morning, if I have a few saving and life insurance policies in HK and will go to UK later on and will do the surrender after arriving UK, may know that: 1) if the return of the insurance policies will be sudject to CGT or income tax? 2) can the returns be split to 2 periods that the period in HK (the period before i arrived UK) is not liable to pay any taxes? Thanks for the clarification

Dear Sirs, I hold a few life insurance and saving insurance policies in HK. Part of the insurance premiums paid are coming from Premium Financing loans that are provided by banks and so need to pay interests on a monthly basis. After coming to Scotland by using BNO visa later, I will surrender it and get back a return and expect that it will be deemed as an income when i report my income tax assessment. Nevertheless, can I deduct the interest expenses first when assessing on the income tax please? Thanks for your advice.

Dear Sirs, I hold a few life insurance and saving insurance policies in HK. Part of the insurance premiums paid are coming from Premium Financing loans that are provided by banks and so need to pay interests on a monthly basis. After coming to Scotland by using BNO visa later, I will surrender it and get back a return and expect that it will be deemed as an income when i report my income tax assessment. Nevertheless, can I deduct the interest expenses first when assessing on the income tax please? Thanks for your advice.