HMRC Admin 25 Response

Hi agozillon,
If not UK resident then you don't declare foreign income.
Thank you. 


 

Hi xsaicx,
If the actual disposal was more than £50k then, yes.
Please you here for more guidance:
Report and pay your Capital Gains Tax
Thank you. 

Hi Sally Kelly,
Only if it is a flexible ISA.
Thank you. 
 

Hi Jonathan Richards,
1. Yes
2. No, as it was not your main or only residence for the whole period of ownership, there may be some capital gains to pay.
You can find out more here:
HS283 Private Residence Relief (2024)
Thank you. 

Hi William James,
The transfer should happen automatically.
If you would like us to review the transfer, contact us by webchat or phone here:
Self Assessment: general enquiries

Hi MD,
As your savings interest is under £10,000, you do not need to file a Self Assessment tax return to declare this income.
When your bank or building society sends confirmation of the amount of interest you received, we will automatically calcualte the amount of tax owed, then send confirmation of this calculation, detailing ways in which to pay (if the amount cannot be coded).
You can find out more here :
Tax on savings interest
Thank you. 

Hi Jan Stindl,
If you would prefer not to contact us by phone to arrange this, you can contact us by webchat or post, here:
Income Tax: general enquiries
Thank you. 

Hi SNB,
We would recommend you contact our Shares and Asset Valuation helpline.
Contact details here: 
Employment related securities
Thank you. 
 

Hi TTT,
You are correct for both.
Thank you. 

Hi BobJ79,
If no tax relief is applied/being claimed, then there is no limit.
However if yoy pay in more than the annual allowance of £60,000 you may be liable to a pension tax charge
HS345 Pension savings — tax charges (2024)
Thank you.