HMRC Admin 17 Response
Joined: 1/20/2021
-
RE: BNO
Hi,
The money transferred to your bank account is not taxable, any interest on the income is taxable,
see link below for more information :
Tax on savings interest .
Thank you. -
RE: Certificate of Residence for tax purposes
Hi,
You can contact us here to check the status of your claim :
Self Assessment: general enquiries .
Thank you.
-
RE: Certificate of Residence for tax purposes
Hi,
You cannot request a certificate of residence for a future date but we can include dates in the past.
Thank you. -
RE: Money transfer
Hi,
You would not need to pay any income tax on this amount but if you gained any interest in the UK while it was in your bank account then this may be subject to tax.
You may, however, wish to speak to inheritance tax regarding the gift to see if there is any tax due there.
See links:
How Inheritance Tax works: thresholds, rules and allowances and :
Inheritance Tax: general enquiries .
Thank you. -
RE: Certificate of Residence for tax purposes
Hi,
Yes these are sent via post.
If you have not received this then please contact us and we can issue a duplicate.
Also see link:
Self Assessment: general enquiries .
Thank you. -
RE: Money transfer
Hi,
There will be no income tax due on income from the account on transfer but if the income generates any interest then this would be subject to tax.
You will still need to check with the relevant banks for any fees they may charge.
Thank you. -
RE: Money transfer
Hi
Chee Yeong,
As a UK resident if the shares, property etc are in your name you will report the disposals for capital gains tax.
If the assets are in your brothers name then this would be the estate that may be liable to tax, if this is the case you can check with the tax authorities in Malaysia.
Thank you.
-
RE: Money transfer
Hi
Steve Johnson,
You do not need to pay any income tax on transfer of capital.
However if you receive any interest or dividends from this then you would need to report this for income tax purposes.
You may wish to speak to your bank regarding or customs regarding any limits as to how much can be transferred.
Thank you.
-
RE: Money transfer
Hi,
If this is an account for shares then you may have to pay tax on any gains you make when you sell the shares but this would be reported by yourself.
HMRC would not block your account until tax is paid.
If you believe this to be a scam then you can forward the information to ourselves here :
Avoid and report internet scams and phishing.
Thank you. -
RE: UK Tax on Australian Superannuation
Hi
Simon Kerry,
You will report your overseas pension on the foreign section of your Self Assessment tax return.
Thank you.