HMRC Admin 18 Response

Hi,

If you were tax resident in the UK when you disposed of the property, you will be required to declare the disposal in a self assessment tax return.  So long as the property was your main

residence for the whole period of ownership, then private residence relief would cover any gains, so no tax would be payable.

Thank you.

Hi,

The untaxed interest will be added to your Self Assessment calculation but if below the savings allowance then the savings allowance will be taken into account on the calculation. 

Thank you.

Hi,

No.

Thank you.

Hi,

You would compare our calculation to the one your agent sent to you to agree and this will show any difference in come and/or allowances.

Thank you.

Hi,

Plase navigate to:

Report and pay your Capital Gains Tax

click on the green "sign in or create and account" button and choose the options for forgotten passwords and IDs.

Thank you.

Hi.

If you are resident in the UK then by default, you are taxed using the arising basis on your world-wide income regardless of whether your bring it to the UK or not, so you would declare your

HK property income in the foreign section of a tax return and claim a foreign tax credit of up to 100% of the foreign tax paid.  You will need to review the tax treaty between Hong Kong and

the UK, to determine if any of your Hong Kong sources of income are only taxable in Hong Kong.  Have a look at the article on employment, interest etc to see how you are affected by them:

UK/HONG KONG DOUBLE TAXATION AGREEMENT AND PROTOCOL

Thank you.

Hi,

If you are a higher rate tax payer and your pension contributions are taken from net pay then yes you can claim the relief on your Self Assessment tax return. When you enter the details you

would add on the basic rate tax relief claimed by the pension provider. 

Thank you.

Hi,

Please refer to:

Capital Gains Manual

and

Capital Gains Manual

Thank you.

Hi,

That is correct.

Thank you.

Hi,

Only costs relating to the sale of the actual property can be allowed so you cannot claim funeral expenses or any loans. these would then be paid from any money made from the sale of the

assets for what is allowable, please refer to:

Capital Gains Manual

Thank you.