HMRC Admin 25 Response

Hi Trevor Caulfield, 
The actual pension is taxable in the UK:
UK/ AUSTRALIA DOUBLE TAXATION CONVENTION
Thank you. 
 

Hi Kar KWAN,
No.
The whole return must be submited together, If filing online, you will need to use 3rd party software for the whole return:
Self Assessment commercial software suppliers
Thank you. 

 

Hi Sandy,
No.
Under Article 17 of the double taxation treaty, the pension is only taxable in Hong Kong.
Thank you. 

Hi lb1991,
The guidance in Annex A details the type of documentary evidence you should provide  to HMRC to have your residence in the UK verified.
The HMRC address to which you should send the documentaion (with a covering letter) is also provided in the link below.                                                    
Annex A: documentary evidence of continuous residence in the UK                                                                  
Income Tax: general enquiries
Thank you. 

Hi G,
Based on the figures provided, you would not be liable to CGT on the sale of the gifted property.
However, you may wish to use HMRC's CGT calculator to fully check the position.                                        
 Tax when you sell property
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. 

Hi Denis Schroeder,
As 401K loans are unavailable in the UK, we are unable to comment on any income tax implications.
Thank you. 

 

Hi Detail Rec,
If an individual moves overseas on a long term basis and  becomes tax resident in the overseas country, but continues to work remotely for a UK employer, it is likely that the other country will tax his employment income.
Employees who spend most of their time abroad over a period of a year or more may be able to obtain full UK tax relief on their earnings by completing form P85 and sending it to HMRC who will confirm the tax code to use
For more information on what is expected of employers and employees in this kind of situation, please refer to the following guidance:
Employees working abroad
Thank you. 

Hi Tony,
Only if you want the loss to be recorded so that you can use it against any future gains.
Thank you. 

 

Hi Tony,
Yes, you need to declare all your UK income.
You will also record the tax on your income on the SA102 Employment page that you have already paid on your income earned. 
Thank you. 

 

Hi fallguys12000 Clark,
HMRC will be notified when you take your pension. due to the time of year that you intend to retire, your salary will have already used your full personal tax allowances (based on current figures) so there won't be any available to go towards your pension.
For the start of the new tax year that April, you can split your allowances. this would automatlically be allocated against your  salary first so if you wanted it different.
You can do this through your personal tax account
Personal tax account: sign in or set up
You will need to contact your payrol department about the effect of reducing your hours earlier and how this affects your pension. 
Thank you.