ivc-mtr mtr

Hi, Thank you for your reply. Would just like to clarify that do I need to declare the part of income from 4May2022 to 31May2022 since I have lived in the UK ? Thanks again for your help.

Hi there, Hope you are well. I would like to ask a question regarding the foreign incomes in self assessment. I arrived in 4May 2022 and my previous employment in Hongkong was terminated on 31May2022. By the time I was terminated, I have received a total amount which included payments for my salary, pro-rata year end bonus and unused holidays from 1Jan to 31May. Also, as I have service in my company for over 15 years, I have got a Servance payment according to Hongkong Labour Law for my last 15 years service in that company. My first question when I declare the foreign incomes in self assessment, would it be counted from the day of my entry to the UK which means from 4May? If yes, would it apply to the above payments mentioned ? (i.e. Salary , year-end bonus and unused annual leave?). Please kindly clarify if not. My second question regarding the Servance payment I have received which is a long service compensation one month per year for the previous 15 years working in the company. Do I need to declare it as foreign incomes? If yes,do I need to declare the whole amount 15 months or partial since I am tax resident? If not, can I get any exemption? In Hongkong, the labour law states Servance payment above HKD15000 per month is taxable. It means HKD15000x15yrs will not need to be declared in Tax assessment. I would like to thank you for your patience in reading my questions and appreiated for your help in answering them. Many thanks.

Hi, I arrived to the UK on 30th Apr2022 from HK. I have a property sold just before I left HK. The agreement was made from solicitor on 27th Apr 2022 between myself and the buyer , 10% of total selling price was received on the same day as deposit. The trade has completed on July 2022 and the remain 90% was received. The property was purchased from 2012 as my home until Apr 2021, The property was rented out in the period between Apr2021-Jul2022 . My questions are whether I need to declare 1) Capital gain on the 90% remains received after I lived in the UK? (If yes, is the capatal gain calculated from the time I moved out the property to the deal completion date? (i.e. Apr2021-Jul2022) 2) Rental income received while I was in the UK (i.e. between May-Jul2022)? Thanks,