HMRC Admin 20 Response

Hi Joglen,

You will not be taxed on the actual capital that you have transferred but you will need to declare any interest or dividends that this then generates,

Thank you. 

Hi Gavin Anderson,

You would use the sum paid for the property as the purchase price and not the market value, as this sale was at 'arms length'.  
Arms length is a term that means the there is no relation, by blood, adoption, marriage or two or more people who are living together, to the seller.  
CG14550 advises that market value can be used where the transaction is not at arms length.  
CG14550 - Market value rule: acquisition no disposal: disposal no acquisition

Thank you.
 

Hi Anton,

I can confirm that you should provide your most recent employment abroad, at question 18, but enclose a covering letter listing all of your employments abroad in datal order.
Please provide the names and addresses of each employer, start and end dates and the country you were working in.
For question 7, you should input the most recent country i.e. the overseas country that you are living in now.
For question 20, if you’re not sure whether you’re employed by an overseas government or international organisation, you should ask your employer before giving an answer to
the questions in that section of the form.

Thank you.

 

Hi Logei,

If you submitted your tax return online, you would have received a confirmation reply just after your submission.  
If you did your tax return online and did not recieve a confirmation, log back in to the tax return and check that you did go right through to the end and submit the return.
If you sent a paper tax return to HMRC, you will not recieve a confirmation of reciept.  
You will need to contact our self assessment webchat facility at Self Assessment: general enquiries, to check if we have received it.

Thank you.

 

Hi Hexham78 Retired,

Any queries would need to be made with our Income Tax department, your wife would need to give authority for you to speak on her behalf.
Either on the telephone call or in writing. Income Tax: general enquiries

Thank you.
 

Hi Ariane Vasconcelos,

No. Any tax paid would be based on your level of income you earned whilst in the UK.

Thank you.

 

Hi Clive Urry,

Income tax is charged on the arising basis.  
If you have access to the funds before maturity, then the interest is taxed annually.  
If the interest is only paid at maturity, then it is taxed in full in that tax year.

Thank you.
 

Hi sircitizen42,

If a cheque has already been issued you won't be able to claim online. We dont store bank details on accounts.

Thank you.

 

Hi Steve,

If you contact us by webchat we can ensure they are removed Self Assessment: general enquiries.

Thank you.

Hi njc23,

You would need to wait until you have your P45 and that your travel arrangements are confirmed so that you know you are definately leaving.

Thank you.