HMRC Admin 25 Response

Hi Dave P38,
Some employment shemes are not taxable.
Please refer to:
Tax when you sell shares Skip to contents of guide Contents
If you do not meet any of the ones listed, then yes it is a capital gain and needs reporting. 
Thank you. 
 

Hi Ian O,
There are no specific forms for this and you would just applying n writing stating you wish to claim this and provide the evidedence to support your claim.
HMRC, PAYE & Self Assessment BX9 1AS.
Thank you. 
 

Hi Shooter,
Please refer to guidance at:
Tax on foreign income
Thank you. 

Hi bearcc,
That is for you to determine based on the guidance available:
RDRM12000 - Residence: The SRT: Split year treatment: Contents
Thank you, 

Hi MJ K,
This will be capital gains if you are above the annual exempt amount of £12300.
Thank you. 

Hi Peterson,
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 will help you work out if split year treatment applies.
RDRM12150 - Residence: The SRT: Split year treatment: Case 4: Starting to have a home in the UK only
Thank you. 
 

  

Hi MJ K,
Please refer to guidance at:
Tax on foreign income
Thank you. 

Hi ZaphodBeeblebrox,
You will need to write in with evidence to show that no relief has been given.
HMRC, PAYE & Self Assessment BX9 1AS.
Thank you. 

Hi SandwichYears,
The actual money paid in is still classed as belonging to your child.
Any interest that is generated though is classed as yours.
Thank you. 

Hi maxso,
Under the double taxation agreement with Hong Kong, any employment where the duties are carried out in Hong Kong are not taxable. as such, any income prior to your arrival in the UK is not taxable.
As you have been self employed since February, you will need to complete a tax return if your turnover was over £1000.
The number of hours you work is irrelevant when determining if a return is due as it is based on your buisiness turnover. 
Thank you.