HMRC Admin 17
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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.
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RE: UK Tax on Australian Superannuation
Hi,
If you are deemed domiciled in the UK you will need to report your worldwide income to the UK.
See link below:
Tax on foreign income .
Thank you. -
RE: Money transfer
Hi
Rafa123 Rafat,
There is no limit, however you may wish to check with your bank regarding any fees that may be incurred.
Thank you. -
RE: HMRC cheque for tax refund
Hi,
You can just call in to request a replacement cheque and just destory the other cheque.
Thank you. -
RE: Money transfer
Hi
Lisa Sorenti,
You do not need to pay any tax on this unless the account you have put this in generates interest.
In this case, the interest may be subject to tax dependant on the amount.
Thank you.
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RE: Money transfer
Hi
Antonio Corbacho Martin,
There are no personal tax implications on the transfer or money from a Spanish bank account to a UK bank account.
However if this money generates interest then this would be subject to income tax, dependant on the amount.
Thank you.
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RE: HMRC cheque for tax refund
Hi,
Reclaim Now ltd are a high volume tax agent who do claims for tax refunds on behalf of individuals.
Thank you. -
RE: Money transfer
Hi,
No there will be no income tax due on this money.
Thank you.
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RE: Money transfer
Hi,
A money transfer is not classed as taxable income.
Capital Gains tax arises on the sale of an asset which has increased in value.
Thank you.