HMRC Admin 20 Response

Hi pbarisiell,
There will be no cpaital gain but you need to report any of the money remitted to the UK if you use this to buy anything in the UK.
Commonly foreign income and gains are ‘remitted to the UK’ if they (or something deriving from them) are:
brought to, or received in, or used in the UK by you or another relevant person
brought to, or received in, or used in the UK for your benefit or that of another relevant person
used to pay for a service provided in the UK to you or another relevant person
used to pay for a service provided in the UK for your benefit or that of another relevant person
used outside of the UK for a relevant debt in the UK
A remittance will not only occur if you remit the actual or original foreign income and gains to the UK.
You will also make a remittance if you remit something that derives from them to the UK.
Thank you.

Hi donato,
It is up to you to decide how the guidance applies to you, we cannot provide advice of this nature.  
Working remotely for your Italian employer, while in the UK, counts towards the number of days spent working in the UK.
The personal allowance applies for the whole tax year even when there is part of the year, where you are not resident.  
Please have a look at the table at:-
 Residence, Domicile and Remittance Basis Manual RDRM12070 - Residence: The SRT: Split year treatment: Case1: Calculating whether individual works full-time overseas in the relevant period, to help you work out the number of days you can work in the UK and how many days you can spend in the UK.  
If you are not resident for the whole tax year next year, you will not need to declare your Italian employment, as it will not be taxable in the UK.
Thank you.

 

Hi Jirlam,
Capital Gains must be declared in the year in which they occurred.
Therefore if some of the disposals happened in 21/22 and some in 22/23, these would be shown in two separate tax returns.
You have until 31/01/24 to amend the 21/22 tax return if required.
The expenses should be claimed against the asset they referred to or reasonably apportioned if necessary.
Therefore even though the expenses were not paid until 22/23, if they relate to the disposal which occurred in 21/22, they would still be claimed in the 21/22 return.
HMRC only give general advice on the forum and if advice is needed in relation to your specific circumstances, a webchat may be more suitable
Thank you,
 

Hi luciben.c,
As you have two sources of self employment, you would need to consider the guidance for each freelance self employment separately, as one may qualify and the other may not.  
We cannot state whether the guidance applies to your circumstances, you have to make that decision yourself or seek the advice of a professional, such as an accountant.
Thank you.

Hi terrywykwong,
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 mahavira27,
As you inherited the property on the death of your father, you will need to work out if you have any UK capital gains tax to pay.  
You will need to obtain the value of the property when your father died and convert this to pounds sterling, using a just and reasonable exchange rate in operation at the time.  
You do the same with the disposal value and the disposal costs.  
The calculator at Tax when you sell property, will be able to help you calculate any UK gain arising from the disposal.  
Please also convert the Indian tax paid on the disposal to pounds sterling and claim a foreign tax credit.  
The gain or loss and foreign tax paid, will be declared in the foreign section of the self assessment tax return on paper at SA106 (foreign) or the capital gains section of the online tax return. You can claim up to 100% of the foreign capital gains tax paid and set it against the UK capital gains tax payable.  
This will give you credit for tax already paid and prevent you paying the same tax twice (double taxation).  
The exchange rate is not set in stone, which is why you have a choice. Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal.    
For your convenience, there are exchange rates at:-
Exchange rates from HMRC in CSV and XML format
and for older rates at:-
Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009.
You are free to use any of the supplied rates or one of your own choosing.
Thank you.

Hi PE8113867,
Please all the International Pension Centre on +44 191 2187777 and they will check your application for a UK State Pension and help you further.
Thank you.
 

Hi Renata Williams,
The timescale for your application for a statement of National Insurance contributions is currently 46 weeks if you sent your application by post (postal applications received on 1 March 2023 are currently being processed).
If you submitted your application online, the current timescale is 1 week (online applications received on 17 January are currently being processed).
The application form (CA3916) that you have completed is used to apply for a statement of National insurance contributions, or a U1 certificate.
The U1 certificate is different to a statement and you would only apply for a U1 certificate if you were planning on claiming unemployment benefit abroad.
There is a question on the application form that asks if you are applying for a statement of National Insurance contributions to claim unemployment benefit abroad.
If you have ticked ‘no’ to this question, a statement will be issued rather than a U1 certificate.
Thank you.
 

Hi Sean02,
If you have applied for a new National Insurance Number then it may take up to 8 weeks for you to receive it.  
If you have not received your Number after 8 weeks then you may wish to call the National Insurance Allocation Team on 0800 141 2079.
Thank you.

Hi WOODY43 IGOE,
The Pension Service are responsible for the payment of the UK State Pension and will be able to give you information about paying additional voluntary National Insurance contributions as you are now over UK State Pension Age.  
May I ask that you contact the International Pension Centre to ask them for an update on your query.  
Their telephone number is +44 191 2187777.  
Their postal address is:  
The Pension Service,
Post Handling Site A,
Wolverhampton
WV98 1AF,
United Kingdom
Thank you.