HMRC Admin 20 Response
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RE: Rent received from overseas property
Hi Sunsun Hung,
Yes you can claim the fee and commission as expenses.
The income should be reported on the SA106 of the tax return.
If filing online, you need to tailor your return at section 3 to say you have foreign income.
All the income/expenses must be declared in sterling.
Thank you. -
RE: Capital gain tax on RSU and ESPP schemes
Hi ewa111,
As the payment is from your employer, the income should be shown in the employment section if it is included in your P60.
You would then claim credit for the Tax in the foreign section under 'Employment, self-employment and other income which you paid foreign tax on'.
If it's not included in your P60, please include it on the box on the employment page for 'Tips and other payments not included on your P60'.
ERSM20193 advises that when RSUs payout at the market value on what is called "dividend equivalents" in either cash or shares, such payments will generally be taxed as earnings in the year they are received.
ERSM20193 - Employment-related securities and options: what are securities: RSUs and dividend equivalents
Thank you. -
RE: Two months from retirement pension but no contributions update for 2022- 23
Hi David Greedy,
You can make voluntary contributions after you reach state pension age (SPA).
However, any payments made after SPA will only back date pension payments to the date of receipt of the payment.
If you had no employment, self employment or credits of any kind on your account – you can make the 22/23 payment now.
Although your Personal Tax Account is unlikely to be updated before you reach SPA – it may be worth while speaking to our National Insurance Helpline (0300 200 3500).
They may be able to give you more information on paying 22/23 before SPA based on your individual circumstances.
Thank you. -
RE: Second Payment on Account and No Access to Self-Assessment in Government Gateway Account
Hi Jane Laninga,
Once the tax return is processed, the first payment on account will be refunded to you.
If you are unable to see Self-Assessment on your account, please go to Sign in using Government Gateway, select 'Government Gateway' to log in with your User ID and Password,
select `enrol for service’ at the side of Self Assessment on the "Services You can add" page.
Thank you.
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RE: Unregistering as self-employed (any consequent changes needed)
Hi Guido,
For the Self-Employment you should notify HMRC once this has ended.
Unfortunatly we can't advise you with regards the rest of your query.
Thank you. -
RE: Retroactive National Insurance Class 2 Voluntary Contributions (pension gaps)
Hi aozknes,
Unfortunately we cannot advise you on this type of query via this forum.
Our international caseworkers will review your full NI record and which class of NICs you have applied for.
You can apply to pay voluntary abroad National Insurance Contributions (NICs) by reading the information at the following link:
Social Security abroad: NI38
You can use the CF83 application held within this information link.
Thank you. -
RE: Foreign interest and dividends
Hi TipTopKaf,
These are normally taxed as interest and you will therefore need to contact HSBC for clarification as to why they have shown as dividends.
Thank you. -
RE: U1 Form
Hi Simona Zalkauskaite,
You should provide any documents you have that will assist with completing the U1, this includes the P45.
Thank you. -
RE: Mileage record needed for multi drop driver
Hi Joe Black,
That would be acceptable.
Thank you. -
RE: Gifting property from abroad
Hi benalmond,
There will not be any tax to pay for you when it is transferred.
However, you may be liable to capital gains tax when the property is sold, see - Tax when you sell property
Thank you