HMRC Admin 20 Response

Hi,
It is not possible to check individual tax records through this forum, if you have a question which relates to your personal tax situation or tax code please contact our helpline.
Income Tax: general enquiries
The following link may also help Understand your Self Assessment tax bill Payments on account
Thank you.

Hi,
You are not entitled to personal allowances as you are a resident of Hong Kong, you will therefore need to declare all your UK income on the tax return.
Thank you.

Hi,
As the SCRIP would normally be providing additional shares then no actual income is paid out as a dividend so no income tax would be due.
CGT will arise should the price increase in value.
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Hi,
The interest on the personal mortgage is not deductible as it does not meet the wholly & exclusively test. BIM45665 - Specific deductions - interest: Must be paid wholly and exclusively for business purposes.
The purpose of the mortgage itself has not changed and is still being used to finance the individuals personal property, not to finance assets for use in the business.
Thank you.

Hi,
That is correct, you are entitled to those allowances as listed - you can read more here Tax-free allowances on property and trading income
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Hi,
You can read how to calculate your threshold, then adjusted income here Work out your reduced (tapered) annual allowance.
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Hi,
Please refer to guidance at Capital Gains Tax: what you pay it on, rates and allowances
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Hi,
The £2500 limit is for when a tax return is required. this is shown on the help tool at check if you need a tax return.
The £7500 limit is for rent a room relief. if you are looking to claim this then you cannot claim any other expenses in respect of the rental income received.
If claiming rent a room relief, you also need to show this in a tax return and applies to a room on your own house. you cannot use it if you let out a whole property.
Thank you.
 

Hi R Erskine,
There is no legislative definition of a Lump Sum but HMRC regards these as being any non-periodic payment of a pension - That is, any non-regular payment that decreases the value of the remaining pension pot after such payment is made.
For example, the first (IRA) withdrawal is taken in year 1, the next withdrawal was made in year 5, and another withdrawal in year 7; such payments will not be regarded as periodic and will be treated as Lump Sum’s under the UK/USA DTA.
Whereas any amount withdrawn in set, periodic, frequent intervals (.g. weekly, monthly, annually etc.) would not be a Lump Sum, but rather periodic payments.                                                  Periodic, frequent, payments or withdrawals (e.g. weekly, monthly, annually etc.), then those payments would have been taxable within the UK and ‘maybe’ exempt from US tax. This is in accordance with Article 17(1)(a) of the DTA
Article 17(2) of the UK/USA DTA provides the US with the right to tax any Lump Sum payment which is made from a US sourced pension scheme (including IRAs).
However, the UK is also permitted to tax the same lump sum payment(s), which is in accordance with Article 1(4) of the DTA 
Thank you.

Hi,
You will need to contact our self assesment helpline on 0300 200 3310 or contact our webchat facility at Contact HMRC, quoting your UTR number and advise them of the payment.  
They can arrange for a tax return to be issued.  
If you have tax to pay, then you can pay the tax in various ways, as advised at Pay your Self Assessment tax bill.  
You should add the letter 'K' to the end of your UTR when making any payments to self assessment.
Thank you.