HMRC Admin 20 Response

Hi Lachlan Horner,
This depends on other income that you receive to see if any of the 10% band is available - please refer to Capital Gains Tax rates and allowances Rates for Capital Gains Tax
Thank you.

Hi Skad,
If you qualify for split year then you only report any foreign income for the UK part of the year RDRM12000 - Residence: The SRT: Split year treatment.
If you do not qualify then you will need to report all your foreign income to the UK Tax on foreign income.  
The guidance at RDRM12150 will help you work out if split year treatment applies. 
Thank you.

Hi AnetaE,

Yes it can.

Thank you.

 

Hi Pico,
Where split year treatment applies, you complete SA109, to confirm this and only include your income that is taxable in the UK during the period where you were resident.  
For the 22/23 year, you would complete a self assessment tax return (SA100) and show that this is the tax year that you left the UK (SA109) along with any other relevant
supplementary pages.  
You do not need to send in form P85 , when you are sending a tax return in the tax year you leave the UK.
Thank you.

Hi Flybird2023,
You have 4 years after the end of the tax year in question, to claim losses.  
If you are required to complete a tax return, the losses would be claimed in SA108 in the tax year they arise, after which it is too late.  
If you do not need to complete a tax return, then the losses must be claimed in writing and submitting with supporting evidence.
Thank you.

Hi Flybird2023,
You will need to complete self assessment tax returns, to declare the gains and the losses arising in the tax years  20/21, 21/22 & 22/23.  
You can print of the tax returns at Self Assessment tax return forms.  
If you have a government gateway user ID and password, you can complete the tax returns online for those indate tax years and paper returns for the earlier years.  
You can only do this once you have received your Uniqe Taxpayer Reference number.
Thank you.

Hi stanleylam,
You have not mentioned the country in question.  
A list of the tax treaties with the UK can be found at Tax treaties.  
As you are resident in the UK, it is most likey that your pension is taxable in the UK and not in the other country.  
You would declare the pension on SA106 Self Assessment: Foreign (SA106) when submitting your self assessment tax return.
Thank you.

 

Hi janicec,
If you are resident in the UK and in receipt of income from a non UK employer, you will be taxable in the UK on your overseas employment income.  
To declare this income, you would need to complete a self assessment tax return (SA100), declare the overseas income in SA102 and also declare the overseas income in SA106.  
You can find all of the double taxation agreement that the UK has, at Tax treaties.  
Please check the relevant double taxation agreement regarding employment income.  
You are likey to find that this overseas income is only taxable in the UK, in which case, you would need to claim a repayment of the tax from the overseas country.
Thank you.

Hi Oli Baba2506,
No.  There is nothing to declare to HMRC.
Thank you.

 

Hi Ivan Lam,
If you wish to claim split year treatment, you must complete a self assessment tax return, that includes supplementary page SA109,
Residence, remittance basis etc (Self Assessment SA109).  
You can order a tax return from the online order line at File your Self Assessment tax return online.  
The HMRC online tax return does not support the submission of SA109.  
To submit an online tax return, you would firstly need to obtain a government gateway user ID and password.  
Please note if you are unable to do this, you cannot submit a tax return online.  
HMRC online services: sign in or set up an account  Register for an individual account.
Next you need to buy a commercial tax return from the attached list and submit it using the user ID and password.  
A list of commercial suppliers can be found at Self Assessment commercial software suppliers.  
The due date for paper tax returns has passed, so if you submit a paper tax return, you can appeal the penalties, by send a completed form SA370 along with the paper tax return Self Assessment: appeal against penalties for late filing and late payment
Thank you.