HMRC Admin 25 Response

Hi thomas chung,
As you did not arrive until the 23/24 tax year, no there is nothing to report for tax year 22/23.
Thank you. 

Hi michael.uk.1982,
Please refer to:
Tax on your UK income if you live abroad
Thank you. 

Hi Sam Bucket,
As you have not confirmed what type of pension it is, please refer to:
Tax on your UK income if you live abroad
Thank you. 

Hi taxnewer,
HMRC cannot comment on future events as legislation and/or plans may change.
Thank you. 

Hi dimmyuk,
Yes you need to declare this.
Please see guidance here: 
Tax on foreign income
Thank you. 

Hi Chris L,
You need to report this income under self employment so you will need to register for Self Assessment and complete a tax return.
Please see guidance here: 
Working for yourself
Thank you. 
 

Hi Iris Look,
Yes so that it can be carried forward, when you bought out your partner in 2019.
It is only the additional 50% that is your cost price here and not the full £1300,000.
Thank you. 


 

Hi ccwh70,
As the redundany payment was made in the 22/23 tax year, you should include this as employment.
You will have received confirmation for the reundancy payments office of the taxable amount received.
Thank you. 

Hi Dany156,
You don't need the capital gains section of the tax return, if you have nothing to report as the losses will carry forward until you need them.
For the 22/23 year, if the sale was in excess of £49200, you still need to report this#.
Thank you. 
 

Hi KFS So,
You don't need to report the fees as income.
For the rental income, yes you can claim the interest on the mortgage as residential finance costs.
As you state it is a joint property, all income and expenses must be split 50/50.
Thank you.