HMRC Admin 20 Response

Hi KF@2023,

HMRC cannot advise you on this as it is for you to determine based on the guidance avalable -RDRM12000 - Residence: The SRT: Split year treatment

Thank you,

 

Hi Andrew Holme,

The final 9 months of your period of ownership always qualify for relief, regardless of how you use the property in that time, as long as the dwelling house has been your only or main residence at some point. If you are living in the property within those final 9 months, they are not added on again.

Thank you.

Hi Hidden Penguin,

Under Article 14, the gain would be taxable in the UK unless it meets the provisions of Article 8 and 9. examples of what that entails is provided at these Articles on the treaty and based on the limited information you have supplied, a mutual fund does not fall under either. As such, any gain made would be liable to UK tax.

Thank you.

Hi Andrew Holme,

If you are UK tax resident and there is no tax to pay on the sale, there is no need to report it.

Thank you.

 

Hi Nancy A,

As it is in your name only, you would be liable on all the gain (if any).
You would need to submit a declaration of trust to show that there is an alternative beneficial interest in the property to ensure you were both liable for the gain.

Thank you.

Hi James F,

As your payment will have been paid as part of your salary, this should automatically update on our system. you can check your personal tax account to make sure and update if necessary.

Thank you.

Hi Julien,

No you dont need to pay tax on the transfer of the capital.
You will need to declare any interest or dividends that this has then generated.

Thank you.

Hi Ollie31415,

Yes you will need to declare the interest received and if over the personal savings allowance it will be taxable.
You cannot deduct the fee as an expense.

Thank you.

Hi Luke Johnson,

You would normmally send the forms to HMRC to be stamped as confirmation the income had been declared here.
These would be returned to you to give to the Swiss authorities in order to claim a refund.
Our address is
HMRC,
PAYE & Self Assessment
BX9 1AS.

Thank you.

Hi Donald Yiu,

Please refer to guidance at Tax on foreign income

Thank you.