HMRC Admin 25 Response

Hi Wombat20,
Please refer to the period of absence section here:
HS283 Private Residence Relief (2023) Updated 6 April 2023
Thank you. 

Hi Paulo Azevedo,
No, you don't need to pay tax on the capital.
Only any interest or dividends that this then generates is taxable income.
Thank you. 

Hi tkursinsky,
This depends on your actual tax residence.
Please refer to:
Tax on your UK income if you live abroad
Thank you. 

Hi Gareth Hayes,
If you qualify for split year then you only report any foreign income for the UK part of the year:
RDRM12000 - Residence: The SRT: Split year treatment: Contents.
If you do not qualify then you will need to report all your foreign income to the UK:
Tax on foreign income
The guidance at RDRM12150 at www.gov.uk will help you work out if split year treatment applies.
If claiming this, you need to complete the SA109 residence page and therefore need to file on paper.
Thank you. 

 

Hi Andrew Edgar,
Thank you for your question.
It is your choice as to whether you use your own time to manage your property.
This is covered in PIM2068 Which states that a landlord can’t deduct anything for the time they spend themselves working in their own rental business.
PIM2210 - Deductions: main types of expense: salaries and wages of employees
Thank you. 

Hi mitaka,
Thank you for your question.
Based on the information given in your previous question the income will be chargeable in the 2022-23 tax year.
Thank you. 

Hi s7,
I would say,in the absence of other evidence then a letter from a solicitor would be reliable evidence.
Thank you. 
 

Hi Krunoslav Gaspert,
If the sale has taken place oputide the UK and the end customer has accounted for the VAT on import then when raising an invoice you can state that the sale is Outside The Scope of VAT and importer has accounted for VAT on import.
Thank you. 

Hi philman88,
If you are not VAT registered then the margin scheme isn't relevant as there won't be any VAT considerations.
If you are VAT registered and import goods from within the EU and outside the EU please see the following guidance:
Check if you can use a VAT margin scheme if you import from, or export to, countries outside the UK
Thank you. 
 

Hi C Mathie,
There is no requirement to include the customers VAT number on a VAT invoice.
Please see the guidance below:
16. VAT invoices
Thank you.