HMRC Admin 25 Response

Hi 
 Freelance work is self employment income and you need to complete a Self Assessment tax return.
Please see help here: 
Set up as a sole trader: step by step
My first Self Assessment tax return.




 

Hi William KD,
You need to ensure you have answered yes to the question - "Do you wish to claim Foreign Tax Credit Relief on Capital Gains".
This is on the first page of tailor your online tax return at section 3.
Thank you. 

Hi ch10dm,
Please refer to:
Tax on foreign income
Thank you. 

Hi Jugi81,
This would be seen as their income as all activity is under their name and as such they would then be liable to any tax due. 
Thank you. 

Hi petereld Eldridge,
It is from the date you initially purchased the asset.
Thank you. 
 

Hi CuriousP,
HMRC cannot comment on future events as legislation may change. based on current guidance, if sold when you are not a UK resident then no.
Thank you. 

Hi Pammi T,
There is no limit on the amount of profit/shares you make. 
Thank you. 

Hi Md Nasim,
Please see this link which helps explain when students will pay tax and National insuranc on earnings from their employer. 
Student jobs: paying tax
Thank you. 
 

Hi Susan,
It depends on whether you use the cash basis or traditional accounting on whether or not the loss can be used.
you should contact our helpline:
Self Assessment: general enquiries
For your record to be accessed to confirm.
Thank you. 

Hi CKLee,
HMRC will contact you in due course as one of the ISA'S interest will now be taxable.
Thank you.