HMRC Admin 25 Response

Hi UK expat,
Please refer to:
EIM40015 - The year that awards from Long Term Incentive Plans and other deferred remuneration arrangements are “for”
Thank you. 
 

Hi Colin808,
Capital gains will be due as you have given 1/2 the property to your husband so your initial purchase price is reduced to £62500.
His initial cost price is also the £62500 and not the price when it was transferred to him.
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. 

Hi helidoc,
You can claim the trading allowance of £1000 per annum against self employment.
The earliest you can now go back to is 2020 and you will need to write in to claim overpayment relief .
Please see guidance here:
SACM12150 - Overpayment relief: Form of claims
Thank you. 

 

Hi UK expat,
If you qualify for split year then you only report any foreign income for the UK part of the year:
RDRM12000 - Residence: The SRT: Split year treatment: Contents.
If you do not qualify then you will need to report all your foreign income to the UK:
Tax on foreign income
The guidance at will help you work out if split year treatment applies.
RDRM12150 - Residence: The SRT: Split year treatment: Case 4: Starting to have a home in the UK only
Thank you. 

Hi Andy33BM,
Yes as foreign income is Self Assessment criteria.
Thank you. 

Hi Nicola,
You do not need to declare a Critical illness payment in your Self Assessment Tax Return.  
Thank you. 

 

Hi Nonename,
You will need to discuss this with your ISA provider.
Thank you. 

Hi Iain Pope,
Please refer to guidance here:
Tax on your UK income if you live abroad
Thank you. 

Hi Patience,
HMRC do not state the prices for shares as this is decided by the company at start of trading and then changes depending on activity on the stockmarket.
Thank you. 

Hi andreventura,
If you plan to live in Portugal on a long term basis, you are likely to be deemed tax resident in Portugal and therefore liable to pay Portuguese tax on your UK employment income.
At which point HMRC will authorise your UK employer to apply an NT code.
You should advise HMRC of your change in residence circumstances by completing form P85.
Or the Residence pages of your Self Assessment (SA) tax return, if your are within SA.
Employees working abroad
Get your Income Tax right if you're leaving the UK (P85)
Thank you.