HMRC Admin 25 Response

Hi UK Domiciled,
You would need to review the tax treaty, if there is one, between the UK and the other country, regarding Capital Gains Tax.
You will find the treaties at.
Tax treaties
Thank you. 

Hi Arthur Mckeown,
We would need to access your record to check why the 2022/23 tax year has not yet been reviewed.
You can contact HMRC here:
Income Tax: general enquiries
Thank you.
 

Hi C K,
Money from an ISA are not taxable so you would not include these and they do not form part of the 50k for CGT reporting.
Thank you. 

 

Hi kevinh,
Life insurance / assurance policies, qualifying or not, are not considered pensions by HMRC.
Please have a look here for guidance on the meaning of life insurance and life assurance.
IPTM1100 - Fundamental concepts: what is insurance?
And for pensions
Definition of a pension scheme 
They are quite separate.
Thank you. 

 

Hi Je77 Jones,
We are unable to comment on scenarios.
You would need to review the guidance on statutory residence and take the tests here:
RDR3 here:
RDR3 Statutory Residence Test
If you are treated as tax resident for the full tax year, you will need to check if split year treatment applies.
If it does, then there would be no UK capital gains implications on currency transactions before you arrive in the UK.
Please also have a look at the guidance on foreign currency here:
CG78300 - Foreign currency: introduction
For a more indepth answer to a detailed question of this nature, you would need to contact our Self Assesment helpline or seek professional advice.
Self Assessment: general enquiries
Thank you. 

 

Hi Craig House,
Any interest arising after the date the deceased passed away, is income of the estate and should be included for Inheritance Tax purposes.
Inheritance Tax is calculated on the estate of the deceased.
Thank you. 


 

Hi katyblaze01,
If you were on the wrong tax code for the 2023/24 tax year then once HMRC receive confirmation of the PAYE income we will review your record and if overpaid a calculation will be issued to you.
If you are still on the wrong code for the current 2024/25 tax year then you will need to contact HMRC to review:
Income Tax: general enquiries
Thank you. 

 

Hi GCexpat2024,
If the ETF's are outside the UK and you are not resident in the UK, then they do not need to be declared in the UK.
Thank you. 

 

Hi Irene Testini,
You can claim Foreign Tax Credit relief for this.
Thank you. 

 

Hi Graham Roberts,
HMRC don't provide interest certificates.
It is your provider who issues these.
Thank you.