HMRC Admin 25 Response

Hi eddielee,
Sorry, we cannot comment on scenarios.
If you want an answer to this question, will need to seek professional advice, such as a financial adviser or accountant.
Thank you. 

Hi Ashdeep Sohal,
If Private Residence Relief covers your father for Capital Gains Tax, then there will be not tax to pay.
You may find that you have Capital Gains Tax to pay if you subsequently dispose of the land.
Thank you. 

Hi Amy R,
If payments on account are calculated for next year and your self employment has ceased, you can reduce the payment on account to £0.00 before you submit your tax return.
If you have reduced your payments on account and you realise that this amendment is too low, you should pay the amount you feel the payment on account should be.
Thank you. 


 

Hi rachelhar,
You would need to researsh:
Tax treaties
For a tax treaty between the UK and your country of residence.
If there is a tax treaty, you should review the treaty for guidance on capital gains tax and how that tax is applied.
Any dividends from the share or capital gain, should be declared to HMRC.
Thank you. 


 

Hi mukjizat chan,
We cannot comment on the requirements of 3rd party software, as it is not suppoted by HMRC.
Thank you. 

 

Hi Julie Jones,
The guidance relating to the impending changes to the remittance basis mean that we cannot currently provide advice on this matter.
Thank you. 

 

Hi Matthew Orzel,
You can work overseas for a UK employer.
The statutory residence test is to determine whether you would be taxable on the UK employment income in the UK.
You would complete the form P85 to report that you are leaving the UK.
You can work for any UK employer.
They will add you to their payroll and notify HMRC.
 If the statutory residence test show that you are not UK tax resident, then you will only be taxable on the UK employment income in Romania.
 How you get paid is up to the employer, who should continue to deduct national insurance from your employment income.
Thank you. 

 

Hi CBX500,
The shares pay out a dividend to you, which you need to declare in the tax return.
What you do with the dividend is not relevant, whether that is re-investing the dividend in more shares, placing in a savings account or something else entirely.
Thank you. 


 

Hi JO W,
No, there is no source of income here.
Thank you. 

Hi TC,
If not claiming the remittance basis then yes.
For remittance basis please refer to:
Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you.