HMRC Admin 20 Response
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RE: Tranferring Shares to ISA
Hi fridi77,
No.
No gain or loss will arise until the shares are disposed of, so no tax is payable until that happens.
Thank you. -
RE: gain on insurance policy
Hi Malise Pang,
On a paper tax return, it would be declared in SA101 (Self Assessment: additional information (SA101)) on page Ai1.
For an online tax return, in section "3. tailor your return", on page 2 of 3, tick year to "Did you receive any other UK income, for example, employment lump sums, share schemes, life insurance gains?". When you move on to section "4. fill in your return", you will have the eqivalent boxes for declaring your chargeable event gain.
Thank you. -
RE: My right to work status is not updated from old visa to new one
Hi Alvin Kan,
As this is a visa issue and not a tax enquiry, we are unable to answer your question.
Thank you. -
RE: How to stop working tax credits without switching to Universal Credit
Hi beckym2230,
You can make changes to your claim online.
If you are ending your job prior to leaving the country you can report ending work.
Here is the link to follow Manage your tax credits.
Thank you.
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RE: Completion of SA 100
Hi Gloria Leung,
No.
If you do, you will be duplicating your foreign interest in the SA calculation.
If you have paid any foreign tax on the foreign interest, then it goes in SA106, no matter the amount and not Box 3 of SA100.
Thank you. -
RE: Covered Call ETF's
Hi Normany001,
Please have a look at the taxes manual at:-
Stamp Taxes on Shares Manual STSM101060 - Introduction to Collective Investment Schemes: Exchange Traded Fund - Overview
for advice on exchange traded funds.
Thank you. -
RE: inheritance tax on uncrystallised Irish ROPS buy out bond
Hi adrian Covill,
Please have a look at the guidance at:-
Pensions Tax Manual PTM112300 - International: qualifying recognised overseas pension schemes (QROPS): what is a recognised overseas pension scheme.
Thank you. -
RE: Self Assessment
Hi Ashwin Patkar,
If this was the only thing that could have meant a return was required, then no.
Thank you. -
RE: If a tax return is needed for foreign income less than allowance
Hi Lisa,
Foreign income is declared on a supplementary page SA106.
You can download it from Self Assessment tax return forms.
Thank you. -
RE: Foreign Interest and Depreciation
Hi Syrilo Azi,
No.
You are required to declare your world-wide income.
So although your interest is in Turkish Lira, you will need to convert the amount of interest to pounds sterling and declare that sum, regardless of whether the interest is in Lira or sterling.
Thank you.