HMRC Admin 20 Response

Hi Saulmcg,
The standard Personal Allowance is £12,570, which is the amount of income you do not have to pay tax on. If you have not earned over this amount within the current financial year, across all of your employments, any tax paid will be refunded to you. 
It is most likely that your first job has all of these tax-free allowances allocated to it, if you would like us to spread your allowances across both of your employments, or would like additional advice, contact us by webchat or phone via https://Income Tax: general enquiries
Thank you.

Hi eli,
It will be up to you to decide if your are trading as an individual or trading as a business.  
If you are trading as business (self employed), then the gain is self employment profit and taxable as income.  
If you are trading as an individual, then the gains a capital gain and is taxable as a capital gain. 
Thank you.

Hi martin2602,
You are correct.  
As you had no earning in those years, the maximum you could pay in each year is the minimum tapered pension allowance.  
Any unused allowacne for the 3 previous years can be carried forward.  Pension schemes rates.
Thank you.

Hi,
We cannot advise how to obtain the figures from your bank.  
If you are resident in the UK, then the gain will be taxable in the UK and not France.  
You should request a certificate of residence How to apply for a certificate of residence to claim tax relief abroad.  
This can be given to the French tax authorities, to show the gains are taxable in the UK.
Thank you.

Hi mpbrooker,
This forum is for general queries only and is intended to help you self-serve therefore we are unable to provide specific advice tailored to individual circumstances. 
In the 2022/23 tax year the High Income Child Benefit Charge was applicable to anyone with an income over £50,000 in receipt of Child Benefit or with a partner in receipt of Child Benefit. 
The amount payable will be equivalent to some or all of the Child Benefit recieved with the tax charge increasing gradually for taxpayers with incomes between £50,000 and £60,000 and will be dependant on the Adjusted Net Income calculation for the individual concerned. 
You can use the tool here to get an estimate of the amount you may need to pay:
Child Benefit tax calculator
Thank you.

Hi,
If you spend 183 days or more in the UK, then you are tax resident for the whole tax year.  
If your Belgian pensions commenced after 1 January 2013, they are taxable in the UK and should be declared on a self assessment tax return.  
If tax is paid on the pensions in Belgium, you can claim up to 100% foreign tax credit.  
Have a look at article 18 on pensions at Belgium: tax treaties.  
If you choose to reduce your days in the UK, you should consider the statutory residence tests at RDR3: Statutory Residence Test (SRT)
Thank you.

Hi,
If you have a non qualiying policy, then the interest and dividends are taxable in the tax year they arise and should be declared to HMRC in a self assessment tax return.  
You should seek the advice of your policy provider.
Thank you.

Hi SFSF,
This is the amount of gain, before the annual exempt allowance is removed (SA does that for you) and will include all other reliefs you have claimed.
Thank you.

Hi,
Any costs incurred in transferring money to the UK are not an allowable expenses for capital gains purposes, as they are not part of the acquistion or disposal process.  
Please have a look at the guidance at CG78300 onwards (CG78300 - Foreign currency: introduction).
Thank you.

Hi christian,
If you wish to continue trading you will need to re-register as self employed as the form you completed will stop class 2 and class 4 NIC contibutions being collected through your tax return. You could contact the NIC helpline on 0300 200 3500, for advice on NIC matters and 0300 200 3310 or contact our webchat facility at hContact HMRC, to ensure that your self assessment tax record is not made dormant.
Thank you.