HMRC Admin 20 Response
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RE: Transferring paper shares to a nominee account
Hi,
please refer to
Capital Gains Manual CG13350 - Bed and breakfasting: general
and
Capital Gains Manual CG13360 - Bed and breakfasting: conditions to be satisfied
Thank you. -
RE: Change Name
Hi,
The name can be changed online by registering Personal tax account: sign in or set up.
Alternatively you can contact HMRC at Contact HMRC
Thank you. -
RE: Working abroad but UK resident
Hi,
As you are tax resident in the UK, this foreign employment income would be declared in your self assessment tax return.
If there is a tax treaty between the European country and the UK, then no tax should be deducted from your employment income in that European country.
If there is, you would need to claim it back.
Foreign employment income should be declared in the employment section (SA102 on paper) so that the income can be included in the tax calculation.
Only if foreign tax is deducted from the employment income, as per the tax treaty, would you include the pay and tax figures in the foreign section.
This would allow you to claim a foreign tax credit, to set against the UK income tax liability.
Thank you. -
RE: Self assessment of money moved from foreign country (India)
Hi,
1) No - It was earned while not resident in the UK
2) No - It was earned while not resident in the UK
3) There is no limit to bank transfers, but there iswhen it comes to cash.
Have a look at Take cash in and out of the UK.
Thank you. -
Transfer money to Spain
Hi,
There are no UK tax implications on the transfer of sterling from the UK to another country.
There are limitations in the transfer of cash in or out of the UK, but not bank transfers.
The guidance at (Take cash in and out of the UK) advises what you'll need to do.
Thank you. -
RE: SAYE (Sharesave) - Shares Go Ex-Dividend During 90 Day Transfer to ISA
Hi,
We cannot comment on scenario's.
We can only provide guidance for you to come to an informed decision.
You should consider seeking professional advise for answers to your scenarios.
Thank you. -
RE: UK salary but working abroad
Hi,
If you have left the UK, but still remain employed by a UK employer, you should declare this on P85.
If there is a tax treaty between the UK and your country of residence's, from this we can instruct your employer to cease deducting income tax from your salary and for them to continue deducting class 1 NIC as normal.
If you come back to the UK and undertake work with the company while in the UK, this proportion is taxable in the UK.
You would pay tax on the employment income in your country of residence.
Thank you. -
RE: Taxable Income and Taxable Gains derived from a property I have no control
Hi,
The beneficial owner of the rental income is the individual who will be liable to pay income tax on the rental income.
As you legally assigned the rental income to your uncle, he is liable to income tax.
As he is resident in Hong Kong, only he will be taxable on the rental income in Hong Kong.
Thank you. -
RE: Child Benefit high income self assessment - backdated tax years
Hi,
Yes, based on the information on www.gov.uk if a new claim between those dates and first payment received in the 2024/25 tax year then included in the 2024/25 Self Assessment.
Thank you. -
RE: Foreign Pensions - Double Tax Agreements
Hi,
The UK / Austria tax treaty can be found at UK/Austria Double Taxation Agreement. Article 17 covers private pensions.
State pensions are covered under article 20 - other income. All article are reciprocal, meaning they apply equally in both directions.
Thank you.