viha

Hi, I am a landlord of a property for last 5 years. I tend to continue renting the property for next at least 3-5 years. I was told by the tenant that they get condensation and mould everywhere in the property. This is because the roof tiles are almost 30 years old. the roofer suggested that I need to replace every tiles because it soaks rain water and this is the main reason for mould/damp in the property. I replaced every tile/slates with the cheapest available in the market to make sure property does not get damp or mould in the future. I also replaced the facia/gutters and sofits. for the same reason. Can I claim replacing all roof tiles/slates as a reveney expense against the income from this property? and also for Facia/Gutters/sofits ? Thank you, 

Hi, I was living in a house from 2018 till October 2022. I moved out of the property in October 2022. I wanted to let the property(on very long-term bases) and carried out some repair work like painting etc before the new tenants start living there. They are minor repair works and are done only for renting purposes. are the allowable expense for rental income? Thank you. Viha.

Hi HMRC Admin 10, Thank you for replying. Do I have to pay the "Overseas transfer charge" which is 25% of the value of the investment that I invest with ROPS ? or this transfer charge is only for QROPS? I am planning to invest in Indian pension scheme that is registered as ROPS with HMRC. I need to understand if I need to pay 25% Overseas transfer charge for this please. Thank you,

Dear HMRC Admin 25 and HMRC Admin 2, according to India tax treaties and advices from other HMRC admins in lot of other threads, we have learned that the 15% tax relief is available for the first 10 years of the NRE account opening even in the tax is not paid at all in India. The relief amount is calculated through the tax spared mechanism, which deems Indian tax to have been paid at the marginal rates applicable there. (UK-India DTC notes page HMRC’s Double Taxation Relief Manual DT9553). Thanks,

Hello, I am UK resident and tax payer. I do not have any plan to move any overseas country. I have a question regarding Pensions. I have some cash money in India and would like to invest those money in ROPS registered pension scheme. I have these questions please. (1) Can I receive tax relief via self assessment for the money invested in ROPS pension scheme in India ? (2) do I have to pay the "Overseas transfer charge" which is 25% of the value of the investment? Thank you, Viha

Hi, We have four buy-to-let properties in my and my wife's name. Can I transfer one buy-to-let property only to a company and apply "section 162" to roll over CGT? Thank you, Viha.

Thank you again for your reply. If we open another NRE account and transfer the money from the old to the new account, would the 10 years period rule start from the creation of the old account or it would start the fresh 10 year period from the opening of the new account? Kind regards, Viha

Thank you so much for replying. Please confirm this 15% relief is still available even if the tax is not paid in India. And what needs to be added on "Foreign tax taken off or paid" box on the return ? if we enter 0.00, it does not calculate tax relief even if selecting 15% on the drop down box. Thanks, 

Hi HMRC, I have received the following advice from other HMRC Admin regarding tax credit relief(15%) available even if the tax is not paid to the Indian Tax authorities at all. Could you please confirm the advice is still correct? " Although NRE interest income is not taxable in India NRE interest income has often been mistaken as non-taxable in the UK this is incorrect, UK tax residents are subject to UK taxation on their worldwide income and gains subject to any remittance basis claims. Under the UK-India Double Tax Convention, NRE account interest taxable in the UK can receive credit for Indian tax even if this has not been paid as the credit relief amount is calculated through the tax spared mechanism, which deems Indian tax to have been paid at the marginal rates applicable there. (UK-India DTC notes page HMRC’s Double Taxation Relief Manual DT9553). Under the UK-India Double Tax Convention, NRE account interest taxable in the UK can receive credit not exceeding 15% for Indian tax even if this has not been paid. UK tax relief not exceeding 15% is available for ten years from the opening date of the NRE account per Article 24(5) UK-India Double Tax Convention. NRE interest income should be declared within an in individuals UK self-assessment return. Thank you " Is the tax credit relief of 15% available if the Tax is not paid to the Indian Gov for the NRE account and the account is less than 10 years old? Please reply as soon as possible I only have one day to submit the return. Thank you, Viha