HMRC Admin 20 Response
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Average for the year exchange rate for Self Assement
Hi Frank Biganski,
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.
We cannot comment on the exchange rates required by another country.
Thank you. -
RE: Dividends received by UK non-resident from UK limited company
Hi Venus,
A non UK resident individual, who is in receipt of income from UK interest and/or dividends, is not taxable in the UK, on the UK interest or dividends received.
However, if tax is deducted at source from the interest and/ or dividends, then some or all of the tax may not be refundable, this is known as disregarded income. More information can be found at:- (Non-residents savings and investment income (Self Assessment helpsheet HS300).
Thank you. -
RE: Foreign social security benefits are non-taxable in UK?
Hi bonbonwoo,
We cannot answer your question in this forum. You will need to contact the self assessment helpline on 0300 200 3310 and provide more information.
Thank you. -
RE: Can pension contributions reduce tax on dividend and savings income ?
Hi SY C,
In your tax return, you would declare the amount paid into your pension scheme, to claim tax relief.
This will extend the basic rate band, by the amount paid into your pension scheme.
Only then would you know whether your dividends would be taxed at which rate.
Thank you. -
RE: Capital gain tax on RSU and ESPP schemes
Hi Vincent Chen,
We are unable to reply to scenarios. You will need to contact the self assessmen helpline on 0300 200 3310.
Thank you. -
RE: Reporting CGT on Overseas Property sale
Hi Joseph Cheung,
Yes you would be entitled to relief for the period you lived in it - Private Residence Relief (Self Assessment helpsheet HS283)
Thank you. -
RE: Creating savings account from Abroad
Hi Hugo6788,
There is no tax consequence in this and it would depend on the bank. you would need to discuss with them.
Thank you.
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RE: Using old losses not included in recent loss carried forward figures
Hi Christopher King,
If you telephone 0300 200 3310 or contact us on webchat, HMRC will be able to check these old returns to confirm any losses declared.
Thank you. -
RE: Transferring personal money to UK
Hi Jose Arguedas,
If you were a part owner of the property then no as this is a capital gain and you need to report it -
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. -
RE: Protecting personal tax allowance from estate tax
Hi dreye148,
You would need to write in with evidence to support the claim that one of the accounts is for the estate and not yours personally.
Thank you.