Sam Lee

Hi Admin, I notice that he mandatory provident funds (MPF) are not taxable in the UK, but need to mention the MPF in the free hand text box. However, since this was accumulated over 15 years, I do not have the employer contribution and my voluntary contribution into that fund to calculate the "income". Could I just enter a rough sum into the freehand text box since it is not taxable? Thank you.

Hi HMRC Admin, I notice from the previous chat, HMRC Admin 32 saying that Box 34 is for the income that you choose not to remit to the UK in that tax year. But I find that : "Nominated income and gains are taxed as if the remittance basis did not apply to them (ITA07 s809H(2)) ". If I put the un-remitted income into Box 34, the amount will be taxed, won't it? As the purpose is not to have the amount taxed, why should one put any un-remitted amount there in Box 34? If I don't need to pay any charge for using remittance basis, should I just put "0" in box 34?

Hi , Thank you for the link to the exception in which circumstances I don't need to fill up a self-assessment. However, I notice in the same site, 9.5- To use the remittance basis for your foreign income and foreign gains you must be UK resident. For the tax year I am asking question for, year 2022-23, I am NOT a UK Tax resident. Therefore, my understanding is that remittance basis does not apply to me. I don't need to pay any UK tax on income that is not of UK source. Despite I have high income from my Hong Kong salary( job done in Hong Kong for services in Hong Kong) before I left for UK in end of Jan 2023, my understanding is that I don't need to file a self-assessment as I was not a UK Tax resident. I wrongly submit a request for self-assessment as the site to test for any need to file a self-assessment does not say it is to be used after I am tested to be a UK Tax resident, and it does not ask to enter income of UK source only (exclude income that are exempted- e.g. HK salary only to be taxed in Hong Kong) The other question on capital gain tax liability is for another tax year 2023-24 when I and my dependent are UK tax resident. When the receipt and evidence of buying the stock is lost, is it acceptable only to estimate the capital gain/loss? Thank you for your patience.

Hi, I am afraid I have not made myself clear, my elderly dependent is UK Tax resident for 2023-24 year and will sell her stock in Hong Kong in Oct 2023. There is capital gain tax liability therefore. However, she has no records on the buying of these stocks that she bought at different prices and quantity over the past decades. There is no capital gain tax related to buying and selling of stock in Hong Kong and she just keeps these stocks as alternative way of saving, therefore there is no need to keep any record. The issue is how to deal with the capital gain tax liability now that she is UK Tax resident, is an estimate good enough? Thank you

Good Afternoon HMRC Admin, May I know whether the Self Assessment check site is only for UK Tax resident or not? If I am not UK Tax resident, the annual income I put in when doing the online test only limit to UK income? Or even if I am Non-UK Tax Resident, when doing the online test to see if I need a self-assessment, I need to include my overseas salary? Another question is for an elderly dependent of mine. The elderly bought Hong Kong stock over the years at different time and price. However, she has no record nor evidence/ receipt on the time and price of these stocks as there is no need to do so for tax purpose in Hong Kong. How can I calculate the capital gain or loss for her in that case as she plans to sell these stocks and bring the money to UK? Is a best estimate acceptable or not? Thank you in advance.

Hi HMRC Admin, Please confirm my understanding that split year treatment is for those who are UK Tax resident for the year and who move into UK in the middle of the tax year. Split year treatment is not for non-UK Tax resident, right? I have noticed that from: https://www.gov.uk/tax-foreign-income/residence that non-residents only pay tax on their UK income - they do not pay UK tax on their foreign income. And I am a NON-UK tax resident for year 2022-2023 after using the test in HMRC webpage. And my question is, for a Non-UK Tax resident, even though one has high income, if those income is not of UK source, is there any need to file a self-assessment? When the UK source of income is less than GBP300. If it is not necessary for Non-resident to file a self-assessment, how can I undo the self assessment registration? Thank you

Hi HMRC Admin, I came to UK with BNO Visa at end of Jan 2023. I have tested from the RDR3 that I was not a UK tax resident for the year 2022-2023. However, from the self-assessment test whether a self-assessment is required, it said it is required because I am a high income earner. But since my high income came nearly totally from my Hong Kong Salary before I quit my job and came to UK, my only income with UK source is interest of less than GBP 300, do I need to file a self-assessment? If it is required, do I need to fill in only my UK source of income? Or all my HK salary, bank interest and capital gain need to be filed? If it is not required, can my registration for a self assessment be cancelled? Many thanks. Sam