HMRC Admin 25 Response

Hi Pik yu Chiang,
Select no.
The pension from Hong Kong should only be referred to in the comments section of the tax return.
Thank you. 

Hi Dean Kisyov,
Please refer to HMRC currency exchange average rates
Trade Tariff: look up commodity codes, duty and VAT rates
You can use any of the spot rates within the relevant tax year.
Thank you. 

Hi Gwion Ashton,
Please refer to guidance here:
Work out your transition profit
Thank you. 

Hi Jordan Rother,
The UK tax return is due after the end of the tax year of 6 April.
You then have until 31 January the following year to complete it online. 
Thank you. 

 

Hi Sudy1111,
No, sorry the whole return must be submitted together.
As you cannot file online using HMRC software to include the residence page you will need to file the whole return by paper or buy 3rd party software
Thank you. 
 

Hi Stephanie Vincent-Squibb,
As not married it is likely that capital gains will be due.
Your original question stated the trust form referred to the rental income only. you would need to contact us direct on 0300 200 3310 for a definitive answer and it is likely that evidence of the trust is required before it can be answered in full.
Thank you. 
 

Hi A F,
Please refer to and associated links:
Tax on your UK income if you live abroad
Thank you. 

Hi u,
Select no as the new source will not be taxable in the uk.
Thank you. 

Hi Katsiaryna,
This would be a capital gain that you would need to report:
Report and pay your Capital Gains Tax
Thank you. 

Hi Geoffrey T,
The offshore fund is not classed as general income for the purpose of makiing gifts from general income -  A gift is exempt from IHT if it can be evidenced as follows:
that it was made as part of the normal expenditure of the transferor, and
that, taking one year with another, it was made out of their income, and
that, after allowing for all gifts forming part of their normal expenditure, the transferor was left with sufficient income to maintain their standard of living.
Thank you.