HMRC Admin 20 Response

Hi ACTS,

This would count as foreign income.

Thank you.

 

Hi Ceci Ts,

The calculation in the tax return will reduce the Personal Allowance if your income is over £100,000.
If you did not earn over £100,000 you will need to contact our helpline so that we can explain the calculation
Self Assessment: general enquiries

Thank you.

Hi res-non-dom Ben,

Article 4 is correct for Germany.  
Please see INTM162090 - UK residents with foreign income or gains: certificates of residence: meaning of subject to tax with regards
to the meaning of subject to tax and there is no minimum threshold for a Certificate of Residence to be issued.

Thank you.

Hi Steve D,

Usually any amount owed would be taken from the refund.
If you contact our Self Assessment department we can review the position
Self Assessment: general enquiries

Thank you.

Hi andy1,

You can use either the exchange rate at the time of acquisition and disposal or the average for the year.
You need to convert the money to UK sterling prior to working out any gain. HMRC exchange rates can be found here:
Exchange rates from HMRC in CSV and XML format

Thank you.
 

Hi Carrie100,

Your acquisition cost for the property will be made up of 50% of the market value in 2014 when you inherited it plus the purchase price in 2020 when you
acquired your sister's share.  
Costs incurred in the purchase in 2020 can be claimed.  
Please see CG15250 - Expenditure: incidental costs of acquisition and disposal regarding allowable costs.

Thank you.

Hi Stephen,

You may find this link helpful Tax on foreign income.
You can apply for a Certificate of Residence and provide this to the German company as proof you are resident in UK and paying your tax here.  
We are unable to provide any further assistance with regard to the way the German company operates.

Thank you.

Hi llyD23 Dumont,

Capital Gains is calculated on beneficial ownership so if you were 50/50 joint owners then the Gain and allowable costs would be declared on a 50/50 basis.  

Thank you.

Hi pjb12345,

His residential address should be the one in Greece if this is where he currently resides and if he has a UK address for
correspondence we can include this on his tax record as a correspondence address. 

Thank you.

Hi ClaraBT,

There is no tax due for income tax purposes on the transfer or gift of this money unless it generates interest in a bank account.
The interest would then be subject to tax.

Thank you.