HMRC Admin 25 Response

Hi Ryan Davies,
Business expenses need to be solely for the purpose of your business so washing your car doesn,t fall into this.
No  tax relief is due whether you use a garage one or buy your own equipment.
Please see:
Expenses if you're self-employed
Thank you. 
 

Hi Petjoke,
Tax would only be a consideration if/when you decide to sell the properties.
Plesae see guidance here:
Tax when you sell property
Thank you. 


 

Hi IBRAHIIM BUDIARJO,
It would be unlikley as you would be still classed as UK tax resident for the year.
Please see further guidance here:
Tax on foreign income
Thank you. 

Hi Alam,
As you have used 3rd party software to file, it will not show on your HMRC account.
If you have the submission receipt reference, this will be your evidence that it has been sent.
Thank you. 

Hi EMdriver,
Pease refer to:
HS265 Offshore funds
Thank you. 

Hi Miranda Lim,
The unremitted income declared from a previous tax year now being transferred to the UK, will be taxable in the tax year in which it is transferred to the UK and must be declared in a Self Assessment tax return.
Savings / earnings generated outside of the UK, in tax years that you are not resident in the UK, would be considered capital and not taxable when transferred to the UK.
Please have a look at the guidance on remittance basis at RDR1:
Residence, domicile and the remittance basis: RDR1).
Thank you. 

Hi nmkilrea,
Please have a look at helpsheet HS297, as you may meet the criteria that means there is no Capital Gains Tax payable.
HS297 Capital Gains Tax and Enterprise Investment Scheme (2021)
Thank you. 

Hi 326ma Ma,
Under the terms of the double taxation treaty with Hong Kong, the employment income you received is only taxable in Hong Kong and doesn't need to be declared in the UK.
Thank you. 

Hi Greengage  EGGLETON,
No,this is capital expenditure that would be allowable when the property is sold to reduce any potential capital gain.
Thank you. 

Hi Sha Sha,
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