HMRC Admin 20 Response

Hi 
Detail on the Government’s intended changes to the rules for non-domiciled individuals set out here Technical note: Changes to the taxation of non-UK domiciled individuals.   
HMRC is unable to provide any further detail on how these changes will apply to an individual’s personal circumstances at this time.  
Policy Is still being written and may change. 
Thank you.
 

Hi 
You can use any of the rates as long as they fall within the 23/24 tax year of 06/04/23-05/04/24.
Thank you.

Hi 
As you are a UK tax resident, the foreign self employment income will be taxable in the UK and not in Hong Kong, because there is no permanent establishment in Hong Kong.  
You will be required to declare the foreign income on SA103, so that can be included in the tax calculation.  If any foreign tax is payable it can be declared in SA106.
Thank you.

Hi 
If you have not made any deposits into the first ISA then yes.
You can open more than 1 cash ISA but the total input still cannot exceed 20k for the tax year.
Thank you.

Hi 
As HMRC valued the shares gifted to you at £3000, this would be your acquisition costs.  
As 66% of the shares were disposed of you would apportion the acquistion cost accordingly.  
The gain would be the difference between your disposal value and acquisition/ disposal costs.
Thank you.

Hi 
As you are working on sovereign territory you are classed as still being in the UK and will only be liable for UK tax.
Thank you.

Hi 
Yes you can include this as evidence. when completing the return, the income and relief must be shown in sterling and you would show which exchange rate you had used.
Thank you.

Hi 
Article 14(1) is the the sections that dermines the taxation rights of the country.  
Where the Article 14(2)(a) applies, it supercedes the rules of 14(1).
Thank you.

Hi Steve,
please refer to:-
 Abolition of the Lifetime Allowance (LTA)
and
Find out the rules about Individual Lump Sum Allowances
Thank you.

Hi Josh,
Please refer to:-  IFM16210 - Exchanges of units for units in the same collective investment scheme
Thank you.