HMRC Admin 25 Response

Hi bt,
Please refer to:
Self Assessment tax returns
Thank you. 

 

Hi sbbrk,
You need to declare on the residence page of the tax return that you are non domicile and you are claiming the remittance basis - 
Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you. 

Hi soletrader2024,
Please refer to guidance here:
Tax on your UK income if you live abroad
Thank you. 
 

Hi AA L,
If you are claimig the remittance basis please refer to:
Remittance basis 2024 (HS264)
To see if it qualifies to be exempt.
Thank you. 

Hi Helen,
If you do not meet the critera for the 2022/23 tax year then the tax return can be cancelled.
You can check if you meet criteria here:
Check if you need to send a Self Assessment tax return
Thank you. 

Hi terencheung,
Please refer to:
SAIM2450 - Interest: taxation of interest: accrued interest
Thank you. 

Hi KAM,
If only your salary, yes. any pension cannot be put back in as this would be seen as recycyling.
PTM133810 - Unauthorised payments: Deemed or specific situations that are unauthorised payments: recycling of pension commencement lump sums: overview
Thank you. 

Hi dl0612,
Please have a look at article 16 of the tax treaty with New Zealand.
It advises that if you were resident in New Zealand while undertaking the employed work, you are taxable on it in New Zealand.
You would need to check with the New Zealand tax authorities to confirm if you have overpaid tax there.
In a Self Asssessment tax return, you would show the employment income converted to pounds sterling on supplementary page SA102.
Once you know the correct amount of tax that you have to pay in New Zealand, you would declare the employment income and tax deducted in the foreign sections of the tax return (SA106) and claim a Foreign Tax Credit.
Thank you. 

Hi lozyjane jane,
You will be liable to Capital Gains Tax on any profit made no matter how may you sell.
You can only claim the capital gains exemption of £3000 once
Tax when you sell property
Thank you. 

Hi Tom,
If you meet the criteria to be tax resident in the UK for the whole tax year, you would need to consider split year treatment.
If it does apply, you would only declare your UK income in the tax year and any foreign income while resident in the UK.
If split year treatment does not apply, you would declare your world wide income for the whole tax year and claim a foreign tax credit of up to 100% of the foreign tax paid.
The statutory residence guidance and tests at RDR3, will help you determine your UK tax residence position.
RDR3: Statutory Residence Test (SRT) notest
Thank you.