HMRC Admin 25 Response

Hi Andy Bradley,
As their only and main residence, there is no capital gains due as long as the property is sold within 9 months of leaving(for your father) or 3 years (for your mother)
See:
HS283 Private Residence Relief (2024)
Thank you. 

Hi Lost_in_EU,
HMRC cannot comment on future events as legislation and/or plans may change.
Thank you. 

Hi M G,
This should be declared under UK pensions, annuities and other  
state benefits received.
Thank you. 

Hi Phil Palmer,
You will need to discuss this with the student loan team.
Please telephone 0300 200 3300 to be put through to them.
Thank you. 

Hi Sandy,
Article 17 of the UK / Hong Kong tax treaty here:
UK/HONG KONG DOUBLE TAXATION AGREEMENT AND PROTOCOL 
Advises that pensions and social security pensions, arising in Hong Kong, from employment or self employment in Hong Kong and paid to a resident of the UK, are only taxable in Hong Kong.
As the pensions would not be taxable in the UK, there would be no tax implications from the transfer of the pensions into a UK bank account. If the pensions attract interest, whether in the UK or not, this is taxable in the UK.
See article 11 on interest.
Thank you. 

 

Hi c w,
You can open a new cash ISA each tax year.
You can transfer the contents of one cash ISA into another, but that will come out of your ISA allowance and based on the amounts mentioned, you would not be able to add anything to any other ISAs in the tax year.
Please also have a look here:
Individual Savings Accounts (ISAs)
Thank you. 



 

Hi Romfordian,
You can usually take up to 25% of the amount built up in any pension as a tax-free lump sum.
Have a look here for more information:
Tax on your private pension contributions
Thank you. 

Hi LNG@UK,
You would need to review the guidance on residency and take the residencey test at RDR3.
RDR3 Statutory Residence Test
This will allow you to determine your UK tax residence status.
This will then allow you to determine if you have any income or capital gains tax to declare in the UK.
Thank you. 

 

Hi SH1002,
Yes, there are no time restrictions for you working remotely outside of the UK, while still physically  in the UK.
You would still be taxable in the UK on this overseas income and would declare it in a Self Assessment tax return.
If you are physically in the UAE at the time of undertaking the UAE work, you would need to review the guidance on residency and take the residencey test at RDR3.
RDR3 Statutory Residence Test
Thank you. 

 

Hi Jamie Smith,
Please have a look at the guidance here:
Tax on your private pension contributions
Thank you