HMRC Admin 25
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RE:Sole Trader Visa Requirement
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RE: SA106 for non resident
Hi Kevin Blissett,
No, you don't report this as not a UK resdident for the period.
Thank you.
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RE: Cash loan to godson in Canada and repayment
Hi marcus1234 Goodwin,
As long as it is just the capital that is returned then no tax is due.
If this amount includes interest, that will need to be declared as taxable income:
Peer to peer lending
Thank you. -
RE: Cash gift from parents outside UK
Hi Aleksandr Belozertsev,
There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax.
Further guidance can be found here:
Tax on savings interest
Tax on dividends
Thank you.
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Re: Cash-basis accounting and merchant/transaction fees
Hi Emporium8610,
No, this doesnt come under this category.
You would claim these as other expenses.
You would need to declare the actual sale price of the items before this deduction as your turnover.
Thank you.
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RE: Money transfer
Hi Mark Lambert,
You would not pay tax on the actual capital but would need to report any interest or dividends that this then generate.
Thank you.
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RE: Do I need to file tax 2022
Hi Christian Tsang,
The HongKong income would only be taxable in the UK if any of the duties were under taken here.
As you didn't work for the Hong Kong employer whilst in the UK this income is not taxable here.
Thank you
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RE: Do I need to file tax 2022
Hi Christian Tsang,
No tax is due and a tax return is not required.
Thank you.
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RE: EU Settled non-UK resident taxation for gift money
Hi daer,
There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax.
Further guidance can be found here:
Tax on savings interest
Tax on dividends
Thank you.
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RE: Sold land abroad CGT
Hi mata22,
Yes, you will be liable to Capital Gains and the tax due depends on your level of total income received. please refer to guidance at:
Report and pay your Capital Gains Tax
Thank you.