M L Lee

Hi, I have some questions regarding home insurance payout. My garage was burgled last year and some properties inside at the sum of about 12,000 pounds were stolen. The case was reported to the police. I received insurance compensation from my insurer at the sum of 10,000 pounds based on a home content insurance policy. I spent 8,000 pounds to buy some of the stolen properties. The remaining 2,000 pounds is still unused. Under the above circumstance, do I need to report the insurance compensation in my self assessment? If affirmative, what is the amount I should declare? Thank you!

Hi, I have a question about the process of Split Year Treatment Application. If I apply for the Split Year Treatment via SA109, should I hold my submission of other tax assessment Form, say SA106, pending the application result of Split Year Treatment application? Or If I need to submit SA109 and SA106 in one go for HMRC to consider all my tax assessment. If HRMC will not notify taxpayer solely on Split Year Treatment application, should I report all my income for tax assessment after the day which the UK part of the year begins (box 6 of SA109)? Thank you.

Dear HRMC Team This forum is very useful and I appreciate the efforts of those officers responding to the queries. I moved to the UK with my family in August 2023 under the BNO Visa Scheme after retirement as a Hong Kong Civil Servant in May 2023. I understand that by virtue of the Article 17 of the UK/Hong Kong Double Taxation Agreement and Protocol signed on 21 Jun 2010, pension arising from Hong Kong in respect of past employment in Hong Kong shall only be taxable in Hong Kong. Based on the previous reply in this forum, I am given to understand that such lump sum and monthly pensions is exempted from UK tax and thus not necessary to be included in self-assessment. Please correct me if this position is still valid in view of the latest UK Government tax reform proposal. Furthermore, is the same exemption also applicable to salary paid in lieu of annual leave and other welfare related allowance, say education allowance payable to a Hong Kong civil servant? After I arrived in UK in August 2023, I was still receiving the salary from the HKSAR government in respect of my paid annual leave and a sum of overseas education allowance for my daughter until October when I was formally retired and strike off from Hong Kong civil servant. Do I need to include these two sums in 23 to 24 self assessment for the UK tax? Thank you!