HMRC Admin 17 Response
Joined: 1/20/2021
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RE: Split year treatment
Hi
estherchan0723 ,
You will need to contact the taxes helpline (0300 200 3310) for more details advice .
Thank you. -
RE: BNO
Hi,
If the salary is from Hong Kong and all duties were performed in Hong Kong then the income is not taxable in the UK and
does not need to be declared .
Thank you. -
RE: Cash gift from parents outside UK
Hi,
As you are now implying that you did work for this company, this would not be seen as a gift and would be classed
as self employed income and would therefore need to be declared as such .
Thank you. -
RE: Gift money and tax
Hi,
There are no income tax implications on the receipt of a cash gift unless the income generates interest or dividends.
These would then potentially be subject to tax.
Further guidance can be found here :
Tax on savings interest and :
Tax on dividends .
There is no need to report the gift on the self assessment .
Thank you. -
RE: Certificate of Residence for tax purposes
Hi,
You may be quicker applying online - :
How to apply for a certificate of residence to claim tax relief abroad .
This can only be issued if you were a UK tax resident for the period on question with foreing income to declare .
Thank you. -
RE: Cash gift from parents outside UK
Hi
Joshy Augustine ,
There are no tax implications on the giving or receipt of cash gifts, but you may wish to speak to inheritance
tax regarding any inheritance tax implications :
How Inheritance Tax works: thresholds, rules and allowances and :
Inheritance Tax: general enquiries .
Thank you.
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RE: Cash gift from parents outside UK
Hi
Mirrimaria ,
There is no limit to what you can receive as a gift.
However, anything over £3000 needs to be included as part of the estate for inheritance purposes shoud
the gifter pass away within 7 years .
Thank you. -
RE: Cash gift from parents outside UK
Hi
Mika Moreno ,
There is a limit of £3000 per year that applies only for inheritance tax purposes and that amount doesnt need to be added
to the estate if they pass away.
Any amount over that needs to be included if they pass away within 7 years of making the gift.
No it doesnt matter what account and no income tax will arise on the gift.
Only liable on any interest that it generates .
Thank you. -
RE: Cash gift from parents outside UK
Hi
Mr Aza,
There are no income tax implications on the receipt of a cash gift unless the income generates
interest or dividends.
These would then potentially be subject to tax.
Further guidance can be found here :
Tax on savings interest and :
Tax on dividends .
Thank you.
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RE: Money transfer