HMRC Admin 25
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RE: ISA account question
Hi Chun Ho Chan,
The interest generated doesnt count towards the limit. it is only actual funds you deposit that count.
Thank you. -
RE: Relief for finance costs reduced to maximum allowable
Hi lookingforhelp,
As the rental income is covered by your personal allowances, no income tax is due on this source and as such no tax relief is due for the finance costs.
Thank you. -
RE: Tax earned on foreign income overseas through tutoring as a UK resident
Hi Henry,
Yes. as UK resident and domicile you are taxed on your worldwide income.
Thank you. -
RE: Dividend from a US listed stock -British American Tobacco p.l.c. (BTI) is UK dividend or not?
Hi YMC,
If the stock is listed on the US stock exchange, then this is foreign stock and should be declared in the foreign section of a tax return as diviends / capital gains or losses.
Thank you. -
RE: Q re parents
Hi qreparents.
1. No, it needs to be included in the year that it relates to and they should send a letter to make the amendment.
2. For the filing of tax returns it would only be a tax advisor as they need to be approved and have a code issued by HMRC.
Thank you. -
RE: CGT on money paid back to me by friend
Hi Andrew,
If the property has not been sold and there has been no interest applied to the intial 45k investment, there is no UK liability.
We cannot comment on what, if any, Irish taxes are applied.
Thank you.
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RE: How to declare savings interests in foreign currency
Hi Pierre,
This should be declared as foreign income and needs to be converted to sterling.
HMRC rates are at HMRC currency exchange average rates.
Exchange rates from HMRC in CSV and XML format
Thank you. -
RE: Reporting CGT for FLH and claiming BADR
Hi Milientes,
Please see guidance here:
Report and pay your Capital Gains Tax
Business Asset Disposal Relief
Thank you. -
RE: Selling property abroad
Hi shiva0104,
Please refer to guidance here:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. -
RE: sale of shares and bank to bank transfer of money to UK
Hi Taxi43 Rupes,
This forum is for general queries only and is intended to help you self-serve.
We are unable to provide specific advice tailored to individual circumstances.
Please refer to:
https://www.gov.uk/capital-gains-tax
Capital Gains Tax: what you pay it on, rates and allowances
Thank you.