HMRC Admin 25 Response

Hi Kevin Blissett,
No, you don't report this as not a UK resdident for the period.
Thank you. 



 

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. 

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. 

 

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. 
 

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. 

 

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 

 

Hi Christian Tsang,
No tax is due and a tax return is not required.
Thank you. 
 

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.   
 

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. 

Hi ForeignPostdoc,
Please refer to guidance here:
Tax on foreign income
Thank you.