HMRC Admin 18 Response

Hi,

Your question would appear to cover both personal tax and corporation tax concerns in relation to the dividends, which make your question difficult to review.  This forum covers personal tax only.  It would appear that the UK company is in receipt of foreign dividends and would share those foreign dividends with the share holders, who would declare as foreign dividends and not UK dividends.  Dividends arising from the UK company and paid to shareholders would be classed as UK shares and dividends.

Thank you.

Hi,

If you move to another country to live, then you will be taxable your world-wide income in that country.  If you choose to transfer your earnings into a UK bank account after paying tax on it in the other country, then no further tax is payable on those savings.  You don't get to choose which country you want to be taxed in.  This is based on your country of residence and the tax treaties that country has with other countries.

Thank you.

Hi,

The rules on the remittance basis are complex.  You would need to review the guidance at:

Residence, Domicile and Remittance Basis Manual

Thank you.





 

Hi,

The interest will be taxable in the year it arises, if you are able to access the interest, eg withdraw it from the account.  If the account is an ISA, there is no tax liability on the interest.  If the account has restrictions that prevent you accessing the interest, until a set period of time has passed eg, 3 years, the interest would be taxable when you can access it, say after that 3 year restriction had lapsed.

Thank you.

Hi,

No.  The deceased's estate is entirely overseas, so no tax is payable by the estate in the UK.  The UK beneficiary of the estate, has no tax to pay on anything they inherit, so have nothing to declare.  However, if the UK beneficiary disposes of assets they inherited, then there may be capital gains tax to pay in the UK where the disposal value is greater than the inherited value.

Thank you.

Hi,

Please contact the Inheritance Tax team for advice:

Inheritance Tax: general enquiries

Thank you.

Hi,

Please contact the Inheritance Tax team for advice:

Inheritance Tax: general enquiries

Thank you.

Hi,

So that the foreign property profits can be brought into the tax calculation, you will need to declare the property income and expense on SA105 or in the online property income section.  

As you will have paid foreign tax on the property income, you would also complete the foreign section, to work out how much foreign tax credit relief is available.

Thank you.

Hi,

Please refer to:

Self Assessment tax returns

Thank you.

Hi,

Yes this is still classed as rent as it is seen as a payment in kind -

Property Income Manual

Thank you.