HMRC Admin 20 Response

Hi Annie Liang,

As you jointly own the property but wish for your mother to hold 100% of the beneficial interest in the property without transferring the legal title, then the Declaration may be created to show this.
Please see attached a link to guidance TSEM9520 which outlines the Declaration of Trust, as well as a template: TSEM9520 - Ownership and income tax: express trusts - written declaration. Please note that a Solicitor is not required when creating a Declaration of Trust, however, it is advised to seek legal advice to ensure your wishes are correctly reflected.
As well as this, it is not essential to send a copy to HMRC, however, keep a copy of the Trust as HMRC may ask to see this in future.
As you are joint owner of the property, you would still be able to help pay for the maintenance fee, although, your mother would only be able to claim as an expense her portion of the incurred expense.

Thank you.

Hi Andia Farrokhzadeh,

You would need to contact the NIC helpline for an update.  
You can contact them at Number 0300 200 3500, Text Relay 18001 0300 200 3500, Overseas +44 19 1225 4811 (Open Monday to Friday: 8am to 6pm Closed on Saturdays, Sundays and Bank Holidays) and Web Address www.hmrc.gov.uk/ni.

Thank you.

Hi AMJ MAC,

Yes.

Thank you.

 

Hi Shunwan0629,

Due to the amount involved, no.

Thank you.

Hi sharmthasan,

I presume that you will be completing a paper Tax Return (SA105) as you are referring to Box 44.
If this is the case then you would enter the actual amount of any mortgage interest payments (only the interest element if there is also a capital element to the mortgage).
IE.You would enter a figure of £22723 in Box 44..
Please refer to the following link for further information: UK property notes

Thank you.

Hi Graham P,

I would advise you that if a husband and wife jointly own a property then the property is treated as split equally between the two spouses.
This will apply unless a valid declaration on Form 17 has been made.
You can find further information regarding jointly held property at TSEM9800 - Property held jointly by married couples or civil partners
I would also refer you to the guidance on our web site at  Self Assessment tax returns Who must send a tax return

Thank you.

Hi MandyC,

Under the terms of the double taxation treaty, income from employment in Hong Kong for duties carried out there is only liable in Hong Kong and there is no need to declare here. split year is therefore not required. if you have no other self assessment criteria then a tax return is not  required.

Thank you.

 

Hi Kat21,

please refer to guidance  at Expenses if you're self-employed

Thank you.

Hi Dmytro,

1. A home can be a building, or part of a building, a vehicle, vessel or structure of any kind which is used as a home by an individual.
It will be somewhere which an individual uses with a sufficient degree of permanence or stability to count as a home. as the sponsors house was only for 14 days, this doesnt meet the criteria as there was no intention of permanence.  
2.  Yes , if you have paid tax in Ukraine  
3.  No, it will be classed as UK employment as you need to show it as self employment on the return.  
4. Yes, depending on what your profit is. You need to show it as self employment only if no foreign tax paid but if you have paid foreign tax, you will also show the income as foreign income in order to claim the foreign tax credit relief.

Thank you.

Hi John Barber,

You will need to approach your broker – or possibly their custodian or the original dividend paying agent – for some paperwork to confirm what rate of tax was withheld.
You will then declare the income and the tax deducted on the foreign page of the tax return and claim the witholding tax as foreign tax credit relief.
All payments must be converted to sterling.
Tax on foreign income

Thank you.