HMRC Admin 20 Response
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RE: UK Company Pensions - UK Citizen with residence in Austria
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RE: Crypto Gifting to Son and CGT
Hi,
That is correct.
Thank you. -
RE: Leaving UK and working remote for UK company whilst in transition of receiving residency
Hi,
If you are in Spain and working there for a UK based employer, you are taxable on your earnings in Spain.
All HMRC would require is the P85.
Thank you. -
RE: Capital Gains Selling Nominated Residence to move to Second Home
Hi,
HMRC cannot comment on future events as legislation and/or plans may change. however, on current legislation, house A would only attract CGT if sold.
Thank you. -
RE: Does my rental property qualify for private residence relief?
Hi,
Please refer to HS283 Private Residence Relief (2024) and Capital Gains Tax rates and allowances
Thank you. -
RE: Foreign income from self-employment in overseas
Hi,
Yes you need to report this as foreign income and you can claim foreign tax credit relief for the tax paid in Hong Kong -
Tax on foreign income
Thank you. -
RE: CGT for married couples
Hi,
HMRC cannot comment on future events as legislation may change.
Based on current guidance as you will have 2 homes, you will need to nominate one as your main residence and the other would be liable for CGT when sold.
See CG64525 - Private residence relief: only or main residence: two or more residences: nominations on marriage or on registering as civil partners
Thank you. -
RE: Gifting a UK property to a child who lives overseas
Hi,
Yes as it is seen as a disposal as it is not your main residence.
Thank you.
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RE: How to claim back tax on a SIPP withdrawal for a non UK tax resident.
Hi,
Please refer to https://www.gov.uk/tax-uk-income-live-abroad
Thank you.