HMRC Admin 20 Response

Hi Marina Moiseenko,

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: Contents.
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 Mokrane12,

The form can be completed and submitted within 8 weeks of your confirmed departure date.
Do not send the form earlier than this, as it will be returned unactioned.
Guidance on filling in form P85, can be found at Guidance for filling in this form.
This link may also be useful Get your Income Tax right if you're leaving the UK

Thank you.

Hi CoffeeAndCats,

If the income from paid surveys/studies/interviews is more than £1000.00, it should be shown on SA103, as national insurance contributions may be due.

Thank you.

 

Hi flibulating_meerkat,

You would give the original date as the date of aqusistion and the total percentage of the property that you owned. you can add on at the end the different dates/percentages for clarification.

Thank you.

 

Hi Gloria Wong,
 

On SA108, page CG2 shows the unlisted shares and securities.  Box 34 should show the gain and Box 35 shows losses that arise in the year.  Self assessment will apply the annual exemept amount. Thank you

Hi KuenHK,

Have a look at EIM76100 - Social security benefits: list of non-taxable social security benefits, which provides a list of UK benefits that are not taxable.
If the foreign benefit is not a pension and is similar in nature to those listed at EIM76100 then those benefits will be exempt from tax.  
We are not able to confirm which foreign benefits are taxable and which are not.

Thank you.

Hi tkyt,

If your interest is below £2000.00 and you are not claiming a foreign tax credit, you can enter the figure in box 3 and in box 7 show the name of the country the interest arose in box 7.

Thank you.

Hi C CYK,

As it is a joint bank account, any interest is split 50/50. you would need to submit a declaration of trust to show that none of the interest is yours.
this needs to be signed by you and your mother and witnessed.

Thank you.

Hi Derrenly Enn,

This could be considered self employment, which is usuallly criteria for completing a tax return.  
If the total gross income from all self employments, remain below £1000.00 per year, then the income does not need to be declared on a tax return.

Thank you.

Hi confused123,

Please refer to Tax on your UK income if you live abroad.
You can still pay into your ISA for the current tax year but if no longer UK resdient, you cannot pay in after 06/04/24.

Thank you.