HMRC Admin 25 Response

Hi YMC,
If the stock is listed on the US stock exchange, then this is foreign stock and should be declared in the foreign section of a tax return as diviends / capital gains or losses.
Thank you. 

Hi qreparents.
1. No, it needs to be included in the year that it relates to and they should send a letter to make the amendment.
2. For the filing of  tax returns it would only be a tax advisor as they need to be approved and have a code issued by HMRC.
Thank you. 

Hi Andrew,
If the property has not been sold and there has been no interest applied to the intial 45k investment, there is no UK liability.
We cannot comment on what, if any, Irish taxes are applied.
Thank you. 

 

Hi Pierre,
This should be declared as foreign income and needs to be converted to sterling.
HMRC rates are at HMRC currency exchange average rates.
Exchange rates from HMRC in CSV and XML format
Thank you. 

Hi Milientes,
Please see guidance here:
Report and pay your Capital Gains Tax
Business Asset Disposal Relief
Thank you. 

Hi shiva0104,
Please refer to guidance here:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. 

Hi Taxi43 Rupes,
This forum is for general queries only and is intended to help you self-serve.
We are unable to provide specific advice tailored to individual circumstances. 
Please refer to:
https://www.gov.uk/capital-gains-tax
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. 

Hi Almar,
Adjusted net income is your total taxable income before any Personal Allowances and less certain tax reliefs. 
If your employer deducts contributions from your gross pay before tax is calculated then you would not deduct again for the adjusted net income.
You can find more details, and work out your adjusted net income here: 
Personal Allowances: adjusted net income
Thank you.

Hi edmund,
This forum is for general queries only and is intended to help you self-serve.
We are unable to provide specific advice tailored to individual circumstances. 
You may wish to contact our Self Assesment helpline contact our webchat facility here:
Self Assessment: general enquiries
Or seek professional advice.
Thank you. 

Hi MARK,
Article 15 of the UK / France tax treaty confirms that your employment income is only taxable in France, unless you are physically carrying out your employment in the UK.
Article 18 confirms that your pension will be only taxable in France.
This includes your lump sum.
DOUBLE TAXATION CONVENTION
So that you can arrange for your UK private pension to be paid free of UK tax, you will need to download.
Double Taxation: UK-France (SI 2009 Number 226) (Form France-Individual)
Complete the form, detailing your pensions and send it to your local French tax office for validation.
The French tax office will return the validated form to you, so that you can send it to HMRC at the address on the form.
Thank you.