HMRC Admin 20 Response

Hi Nataliya,
Yes that would be correct.
Thank you.

Hi,
As the property is in the UK, we have the rights to tax any income that is generated from the property whether it be rental or capital gains.
Your country of tax residence also has the right to tax you on your worldwide income which would include the sale of the UK property.
Foreign tax credit relief would be allowable to set your UK tax against any tax due in Thailand.
Thank you.

Hi,
Yes you will.
You will need to ask the solicitor which other forms of ID would be acceptable.
Thank you.

Hi, 
As soon as you return,
Check how to register for Self Assessment.
Thank you.
 

Hi,
US government bonds, sometimes known as T-bills or treasury bills are generally taxed as income rather than capital gains.  
The return is paid at maturity rather than regular interest payments.  
In the UK, these are known as deeply discounted securities, with the discount being the difference between the price at which they were issued and the price received at maturity.  
On a foreign investment the income is the difference between the purchase and redemption price after each has been converted to sterling on the day the transactions took place, so includes any foreign exchange gains.  
Losses cannot be deducted. 
Have a look at Savings and Investment Manual SAIM3010 - Deeply discounted securities: introduction for more information. 
Thank you.

Hi,
HMRC cannot advise you on your residence as this is for you to determine based on guidance available.
Please refer to guidance at:- RDR3 Statutory Residence Test 
Thank you.

Hi,
US government bonds, sometimes known as T-bills or treasury bills are generally taxed as income rather than capital gains.  
The return is paid at maturity rather than regular interest payments.  
In the UK, these are known as deeply discounted securities, with the discount being the difference between the price at which they were issued and the price received at maturity.  
On a foreign investment the income is the difference between the purchase and redemption price after each has been converted to sterling on the day the transactions took place, so includes any foreign exchange gains.  
Losses cannot be deducted. 
Have a look at Savings and Investment Manual SAIM3010 - Deeply discounted securities: introduction for more information. 
Thank you.

Hi,
If you have not paid into the help to buy ISA in 23/24 then you do not need to do anyhing as you have not exceeded the 20k limit and only deposited into 1 account.
Thank you.

Hi,
You will need to register for self assessment to report the income in a tax return, guidance is at Tax on foreign income.
For exchange rates, refer to HMRC currency exchange average rates.
Thank you.

Hi,
You will pay tax in the country that you consider yourself to be tax resident for 24/25.
Please refer to guidance at:-RDR3 Statutory Residence Test
Thank you.