HMRC Admin 20 Response

Hi Claire Curtis,
This would be capital allowances - Expenses if you're self-employed
Thank you.

Hi Angela Shaw,
You should be following the SAIM guidance.
Thank you.

Hi L Elv,
If it has been agreed by HMRC that it is also exempt you do not need to declare this, you will refer to receiving it in the additonal information section and state under which legislation it is tax exempt.
Thank you.
 

Hi Josephine Maidment,
1 and 2 - 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 - Residence: The SRT: Split year treatment: Case 4: Starting to have a home in the UK only will help you work out if split year treatment applies.    
3. yes
Thank you.

Hi Customer9999,
You will declare the dividends on the foreign section of the return and show the full amount - the dividend allowance is applied in the calculation. you can claim foreign tax credit relief for the tax paid but this is limited to 15%.
Thank you.

Hi pipsy1212,
As it has been your only and main residence for the whole period of ownership, there will be no capital gain as full private residence relief applies.
Thank you.
 

Hi John Lau,
HMRC cannot comment on hypotherical situations or on future events as legislation may change.
Please refer to additional guidance for current guidlines at
RDRM32390 - Remittance basis: accessing the remittance basis: remittance basis charge - nomination of foreign income and gains: payments on account - interaction with the remittance basis charge (RBC)
Thank you.

Hi robert lea-kime,
That is correct.
Thank you

Hi ACTS,
Please have a look at HS343 and the working sheet, regarding the accrued income scheme Accrued Income Scheme (Self Assessment helpsheet HS343).  
CG54500 advises that the Accrued Income Scheme (AIS) changes the basis on which interest accrued up to the date of sale of most marketable securities is taxed.  
Instead of forming part of the sale proceeds or purchase price charged to Capital Gains Tax it is now treated as income.
Have a look at SAIM4000 + SAIM4000 - Accrued Income Scheme: overview and contents.  
The broad aim of the scheme is to adjust the CGT disposal consideration and acquisition costs to exclude amounts covered by the AIS.  
The guidance surrounding the calculation and when accrued income is assessable applies to that income only and not the profit/loss on the disposal of the bond. 
Therefore, your example is correct in part. The accrued income would be chargeable in the tax year in which the applicable interest period ends.
Most securities other than shares are within the scope of AIS. However, many of the securities covered by the scheme will be exempt from CGT because they are Gilts or
Qualifying Corporate Bonds (QCB).
Treasury Bonds/Gilts are treated as Deeply discounted securities and as such are not chargeable to CGT but rather as income. SAIM 3070 refers.
The charge on any profit/loss applies to the tax year in which the disposal occurs.
Thank you.

Hi ANATH,
The replies you refer to are for reporting funds and non reporting funds which have different tax status.
The main effect for UK investors who have invested in non-reporting funds, as opposed to reporting funds, is that on disposal of their interests they will be liable to tax on any gain arising as if it were income (that is, an offshore income gain, or ‘OIG’) instead of as a capital gain.
There are certain exceptions to this - see IFM13400 onwards. 
Thank you.