HMRC Admin 25 Response

Hi Lisa,
US treasury bonds are seen as deeply discounted securities.
If you invest in deeply discounted securities, put the difference between what you paid for the bond and what you redeem or sell it for in box 3 of SA101 (page Ai1). 
Thank you. 

Hi GMercer,
The Capital Gains guidance changed recently, so that from 6 April 2023, separating spouses or civil partners are given up to three years after the year they cease to live together in which to make no gain or no loss transfers.
No gain or no loss treatment will also apply to assets that separating spouses or civil partners transfer between themselves as part of a formal divorce agreement.
A spouse or civil partner who retains an interest in the former matrimonial home be given an option to claim Private Residence Relief (PRR) when it is sold.
Individuals who have transferred their interest in the former matrimonial home to their ex-spouse or civil partner and are entitled to receive a percentage of the proceeds when that home is eventually sold, be able to apply the same tax treatment to those proceeds when received that applied when they transferred their original interest in the home to their ex-spouse or civil partner.
Thank you. 

Hi Gloria Leungy,
Interest in the period that you were not resident in the UK, should not be included on the tax return.
Thank you. 

Hi Titch2,
Please have a look at HS265 for advice on offshore funds.
HS265 Offshore funds Published 6 April 2023
Thank you. 

Hi faizovboris,
That is correct,
Thank you. 
 

Hi Eddie3625,
Yes.
Please see guidance here:
CG15180 - Expenditure: enhancement expenditure
Thank you. 
 

Hi Bradley Payne,
Yes you have.
Thank you. 
 

Hi YHK,
As the property is in your name you are seen as the beneficial owner of any income received irrespective of it being paid to you or not. as a UK resident you need to declare your worldwide income and this would still be classed as rental income.
If you are non domiciled and claiming the remittance basis then you would not include it.
Thank you. 

Hi edmund,
As this would then be the 22/23 tax year and you state you did not arrive until May 2023 (23/24 tax year) there would be no reason for you to declare the overseas income.
Thank you. 

Hi Terence Sharman-Crawford,
We can confirm that there is no tax due on the giving/receiving of a cash gift.
What you do with your income, after tax deducted, is up to you.
You would only need to keep records in the event of possible Inheritance Tax as payments made within 7 years of you passing are counted as part of your estate.
Thank you.