HMRC Admin 25 Response

Hi sonia Wong,
With split year treatment, the full allowance is available against the UK taxable income.
The pension relating to the period you were overseas, is not taxable.
Only the pension arising from your arrival in the UK, will be taxable in the UK, and should be reported on a Self Assessment Tax return.
Thank you. 

Hi Helena Tse,
You will need to complete a Self Assessment Tax return (SA100), in order to claim the 'remittance basis'.  
You will also need to complte SA109, boxes 28 to 40, to declare the unremitted income.
Any unremitted income from a previous year, that is remitted to the UK in a later year, will be subject to tax in that later year.  
Individuals can decide on a year by year basis whether to use the remittance basis. If they choose not to use the remittance basis the arising basis will apply.
Foreign income and gains are remitted to the UK if: 
- they are brought to, or received in or used in the UK refer to:
RDRM33100 - Remittance Basis: Identifying Remittances: Conditions A and B: Contents
- a service is provided in the UK which is paid for overseas using foreign income or gains (refer to RDRM33100)
- they are used overseas in respect of a relevant debt in the UK.
In simple terms a relevant debt is a debt that relates to property brought to or used in the UK, or a service provided in the UK refer to:
RDRM33160 - Remittance Basis: Identifying Remittances: Conditions A and B: Condition B - relevant debt
Guidance on the remittance basis can be found at section of :
Residence, domicile and the remittance basis: RDR1
Thank you. 

Hi HKlady,
An individual's income can be made up of many things and that may also include dividend payments from investments.  
It does not have to be the same amount.
Dividend payments in a tax year can fluctuate, so may pay out more in one year and less in another.
Share holdings may increase or reduce and this can also affect the dividends paid in a tax year.  
Each tax year is looked a separately.
Thank you. 
 

Hi maddiefuller,
As you have been unable to pass security online or via our telephony service you should write in to us with your full personal details.
Please provide some form of ID (photocopy passport, birth cert etc) along with details of your query and provide a contact telephone number.
Thank you. 

 

Hi lrnbi,
They should be kept entirely separate.
If this is happening please contact our helpline as we will need to issue new tax codes
Income Tax: general enquiries
Thank you. 
 

Hi Joey Zhou,
RDRM34240 - Remittance basis: sales of exempt property (ITA07/s809YA) can be found here:
RDRM34240 - Remittance basis: sales of exempt property (ITA07/s809YA)
Thank you. 

 

Hi John2023,
Thank you for your question.
You will need to send us a valid declaration of trust clearly stating your intentions and the percentage you wish to transfer.
A declaration of trust is usually a statement by the legal owner of property that you would like sombody else to hold the beneficial interest.
I have attached the full guidance from the Trust,Settlements & Estates manual which should help: 
TSEM9520 - Ownership and income tax: express trusts - written declaration
Thank you. 

Hi yigiterol,
Please refer to guidance here:
Remittance basis 2023 (HS264
Thank you. 

Hi ogmir,
You can report using:
Report and pay your Capital Gains Tax
If you want to submit a tax return instead, you have until 31 January 2024 to file the return and pay any tax due.
 

Hi llscheno,
There are no income tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax.  
Further guidance can be found here:
Tax on savings interest
Tax on dividends
Thank you.