HMRC Admin 25 Response

Hi Ewan,
As a UK citizen, you are entitled to claim personal allowances in your tax return, no matter where in the world you reside.
It would appear that you have not done this.
If your UK pension is from a private pension, then it is not taxable in the UK (it is in the USA).
You should download and complete the DT individual form here declaring your pension in it:
Double Taxation: UK-USA (SI 2002 number 2848) (form US-Individual 2002)
You send the completed, signed and dated form to the IRS and for a fee, they will validate it and return it to HMRC.
HMRC can then take the validated form as confirmation of your resident in the USA and your tax liability there.
HMRC can then advise your pension provider to stop deducting tax.
If you have no other sources of UK income besides your pension and bank interest and the bank interest is below £10000, you do not need to complete tax returns.
You should  contact our self assessment helpline on:
(outside the UK) +44 161 931 9070 - Monday to Friday 8am to 6pm Closed on weekends and bank holidays or webchat with my self assessment colleagues here:
Self Assessment: general enquiries
To amend your tax return and advise them of your UK sources of income, to ensure a tax return is not required.
Thank you
 

Hi Frank S,
You would need to ascertain which type of pension it is that you are due to receive as pensions in the US, Roth and IRA(known as 401k), are treated differently.
Thank you. 

 

Hi L. Czekala,
You will complete form P85 giving your exact date of departure from the UK.
When you return to the UK you should advise contact us to let us know so that we can ensure the correct code number is operated for you.
Please see:
Income Tax: general enquiries
Thank you. 

Hi Gary C,
It depends on the terms of the double taxation treaty as to whether income can be taxed in both countries.
If so, then Foreign Tax Credit Relief would be applied on one of the countries to reduce the liability in the other.
So whilst declared as income in both, it is really only taxed in one.
Thank you. 

Hi Leo,
You would still need to declare a figure for your business turnover to allow any expenses to be claimed so that a loss is identified.
Please note, if you are claiming the trading allowance, you cannot generate a loss to carry foward with this.
Thank you. 

Hi FS Chung,
1. Yes it would form part of the savings allowance. As it is foreign income, it would still need to be reported.
2. No as this only applies money given by a parent when you have confirmed it is relatives:
Interest on savings for children
Thank you. 

 

Hi Gray66 Thomas,
Tax is due based on where you are tax resident.
If  UK resident but non domiciled, you would then consider remittance basis and if the money is remitted to the UK then you could pay tax here: Paying tax on the remittance basis (Self Assessment helpsheet HS264)
If you are not UK resident then you would not declare the foreign income.
Thank you. 

Hi BackMeUp,
You would qualify for Private Residence Relief for the period you lived in the property plus the final 9 months.
As you have already left the property, you have 4 months left to finalise any sale without any Capital Gains Tax implications.
Thank you. 
 

Hi Mark I Bryan,
There are no tax implications for transferring savings to a UK bank account, unless they generate income.
 Any interest earned will be subject to tax.
Thank you. 

Hi gerhardp,
You would need to contact an estate agent in Germany who can give you details of values of similar properties of the same standard.
Thank you.