HMRC Admin 25 Response
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Portugal NHR Regime - Double Tax Treaty
Hi Alps92,
Please have a look at the dual residency helpsheet HS302:
Dual residents 2023 (HS302)
Corporation Tax for a limited company is not something we can help with in this forum, as we only cover personal tax.
Please have a look at RDR3 for information on split year treatment:
RDR3 Statutory Residence Test
You will need to apply the the statutory residence test to determine if split year treatment is applicable.
Thank you.
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RE: annual bonus tax implications
Hi Claire Finney,
You will be taxed extra in the month that the bonus is paid as the PAYE system thinks this will be your monthly pay for the rest of the year.
When you are paid in July and back to your normal monthy wage you will not be charged higher rate tax and will get a tax rebate in your pay by way of paying less tax that month.
Thank you, -
RE: Overseas Landlord Self Assessment
Hi Kit WONG,
Our Self Assessment telphone helpline is temporarily closed, allowing staff to concentrate on our backlog of post.
You can still make Self Assessment enquiries using webchat here:
Self Assessment: general enquiries
Thank you. -
RE:Declaration of overseas saving interest
Hi Skinny,
Any foreign income, no matter how much or little, must be reported in a Self Assessment Tax return.
Add your foreign interest to your UK interst and follow the guidance here:
Tax on savings interest
Thank you. -
RE: Overseas Landlord Self Assessment
Hi Cabos,
You can contact our Self Assessment general enquiries here:
Self Assessment: general enquiries
Ask HMRC’s digital assistant to find information about your Self Assessment.
If the digital assistant cannot help you, you can chat live with an HMRC webchat adviser if they’re available.
Ask to check your Self Assessment statements to advise of any outstanding tax.
If you ask, a copy of the statement can be posted to you.
We cannot send this via email.
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RE:National Insurance Record
Hi Tom3869,
From 1975 Starting Credits (sometimes known as Juvenile Credits) were awarded for tax years during which the customers' dates of birth made them 16, 17 or 18 years of age.
These credits may not be showing on your statement or pension forecast, but will be included in your total reckonable years.
These three years will count towards your State Pension.
Thank you. -
RE: Rental income transfer to my wife
Hi John2023,
Thank you for your question.
You will need to send us a valid declaration of trust clearly stating your intentions and the percentage you wish to transfer.
A declaration of trust is usually a statement by the legal owner of property that you would like sombody else to hold the beneficial interest.
I have attached the full guidance from the Trust,Settlements & Estates manual which should help:
TSEM9520 - Ownership and income tax: express trusts - written declaration
Thank you. -
RE:Oversea "single-premium" 5 years life savings insurance policy
Hi wongjtax3664,
It will not be Capital Gains Tax.
See guidance here:
HS321 Gains on foreign life insurance policies (2023)
Thank you.
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RE: Self assessment for non UK resident
Hi Eli Wong,
You can download it here:
Important information to include on your tax return before sending it to us.
Thank you. -
RE: Money transfer