L T

Dear Sir/Madam, Thank you for your clarification. We really appreciate this. Kind regards LT

Dear Sir/Madam, Good afternoon. Can you please kindly clarify above question? Kind regards LT

Dear Sir/Madam, Good morning and I hope you are well. Can you please kindly clarify if a minor children under 18 need to pay Capital Gains Tax under following situation? A buy-to-let company was set up with initial shareholder as father, mother and the minor daughter under 16, with each one holding 1 same ordinary share that is worth 1 pound. So total 3 pounds / 3 shares. There is no special arrangement/trust or whatsoever between the parents and the daughter. All of them are UK tax residents. Afterwards, the BTL company purchased 2 residential properties under mortgage and then the daughter transferred her 1 share to her father. Under this situation, the market value of the share when transfer might not be the same as it was at the initial issue. Will the daughter be subject to capital gains tax? Does the company need to get independent valuation of the shares at the time of transfer and does the daughter have to register self-assessment if the value is a significant increase beyond the annual exemption amount? Thank you very much for your kind help and explanation. Kind regards LT

Dear Sir/Madam, Thank you for your clarification. Kind regards LT

Dear Sir/Madam, Thank you for your kind response. Regards LT

Dear Sir/Madam, I am already doing self-assessment for Buy to let property rental income. I am going to leave UK for one year. Do I still have to register NRLS plz? Thank you for your clarification. Kind regards LT

Dear Sir/Madam, Thank you for your response. Please excuse my frankness but it seems like that you did not address the query directly. Can you please clarify if the dividend to a non-UK tax resident from a BUY-TO-LET company is disregarded income or not? thank you very much for your clarification. Kind regards 

Dear Sir/Madam, Sorry for the typing mistake. Should be "disregarded income" instead of "disregarding income". Thank you, Looking forward to your kind reply. Kind regards LT

Dear Sir/Madam, RE. https://www.gov.uk/government/publications/non-residents-and-investment-income-hs300-self-assessment-helpsheet/hs300-non-residents-and-investment-income-2022#non-residents-and-investment-income I am always a non UK tax resident, I have shares from a UK company which holds a few buy to let properties to generate letting income. I get dividends of around 20000 pounds per year and no other uk-source income other than this. Do I have to pay UK dividend tax for this? Is this "disregarding income"? Thank you very much. Kind regards LT

Dear Sir/Madam, Thank you very much for your response. Kind regards LT