sh2glh
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Overseas landlord with no rental income
My daughter is not a UK tax resident and she plans to purchase an apartment in London that will be occupied by my wife and me only. She will not collect any rent from us and she has no other income generated in the UK. Is it necessary for her to submit a Self Assessment tax return as an overseas landlord? On the same subject, will we, as parents, be considered as receiving a taxable benefit from my daughter? -
RE: Pension received from the Govt. of HK
Thanks for your clarification. I have earned bank interest as well as fund/securities dividends in Hong Kong. Is it necessary to enter the Hong Kong Pension under this circumstance? -
Pension received from the Govt. of HK
I was government employee in Hong Kong and now living in UK after retirement. I understand that under the Uk/Hong Kong Double Taxation Agreement, the monthly pension received from the HK SAR Government will only be taxed in Hong Kong. I wish to clarify, for on-line completion of my Self Assessment Tax Return: (i) Is it that that I need to tick NO for “Foreign tax credit relief” under the section “Overseas pensions, social security benefits and royalties etc” as no relief will be available? (ii) On the page “Pension saving tax charges etc”: Since the party paying my pension is the Govt. of the HKSAR and I don’t have to make any contribution, my answers to all boxes in the page (e.g. those relating to Lifetime Allowance and tax paid by the pension scheme) should be £0.00? Thank you very much.