Peterson

Hi, I moved to UK in July 2022 and became a UK tax resident in 2022/23. Split year treatment is to be applied with the UK part starts from July 2022. I have a foreign life insurance policy taken out some years ago and an event potentially meeting the definition of partly surrender (which could be a chargeable event as I understand) occurred in April 2022 (i.e. in the non-UK part of the year). Do I need to take into account this event in my self assessment? Many thanks.

Hi Admin, Thanks for your reply. For the Capital Gains part, though the final payment was received in August 2022, given that I was living in the property and it was my only residential property all the time up to 10 July 2022, shouldn't any gain be exempted from UK tax in any case? If it is exempted, do I need to include it in my Return? Thanks again.

Hi, I moved to UK in 10 July 2022 and became a UK tax resident from this date onwards. I have checked the relevant requirements that I can apply the split year treatment for 2022/23 and I am NOT going to make a claim for the remittance basis. May I know if I have to include the following items in my tax return (SA forms) to be submitted: 1) Salary and pension benefits in relation to employment in my original country during the time when I was NOT UK tax resident, though some payments may be received after 10 July 2022. The employment has already been terminated before 10 July 2022. 2) Gain, if any, from the disposal of my property, which was the only residential property that I lived in before moving to UK. The disposal was made with the exchange of contract taken place in May 2022, though part of the final payment was received in August 2022. Thank you.