HMRC Admin 18 Response

Hi,

It may be best to call us to dicuss further as to whether these are income distributions or dividends. See link below:

Self Assessment: general enquiries

Thank you.

 

Hi,

If you report these dividends to the UK then you can claim FCTR against any UK liability by advising us that of the amount of tax paid in Australia. This would need to be done through self assessment on the foreign section.

Thank you.

 

Hi,

If you are UK resident you will notify HMRC of your worldwide income, howerver, if your circumstances meet split year treatment you will pay tax on the income arising in the UK part of the year.

You will notify us of this by completing self assessment return and filling in the Residence, remittance section (SA109).

Thank you.


 

Hi,

As a UK resident you would be entitiled to pay income tax in the UK.

A guide to UK and Australia tax treaty agreement and tax on foreign income see link below for more information:

Australia: tax treaties
   
Tax on foreign income Skip to contents of guide Contents

Thank you.
 

Hi Taimmah,

Yes, you will not be charged  income tax on transferring your capital to another account.

Thank you.
 

Hi,

There are no income tax implications when you receive a cash gift, cash gifts from Uk resident, overseas relative or from a friend.

You may need to check with your bank and here is a link re. inheritance tax and Gifts:

Inheritance Tax

Thank you.