HMRC Admin 10 Response
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RE Capital gains on sale of property where spouse has recently died
Hi
He would be the owner of 100% of the property upon the death of his spouse and as such would be liable for capital gains on the full disposal.
He will take his share of cost price at the time purchased and then have a value of the house at the time of death to then take the other 50% value of cost price to then claim this as purchase price.
If tax paid abroad, he can claim foreign tax credit relief to reduce any UK capital gain. -
RE Relief at source calculation
Hi
You have put the pension at the correct box and on the calculation this should extend the basic rate band to then give you the additional 20% that is due. -
RE SA106 - Foreign Notes
Hi
If you opt for the remittance basis, you only report the foreign income that you actually remit to the UK. -
re no confirmation of self assessment tax return
Hi
If you have not received the confirmation email that the return has been submitted, you will need to log back into your account to check.
This will also confirm any balance to be paid if it has been submitted successfully. -
RE: Transferring personal money to UK
Hi
You will not be taxed on the transfer of the capital.
Any interest or dividends that this capital creates is taxable income whether earned in New Zealand or the UK. -
RE: Tax on foreign income in 2022/2023
Hi
It will be from the date you arrived. -
RE Italy/UK taxation
Hi
Its not clear if you plan to live in the house or rent it out.
Rental income is not covered by the DTA and can be taxed in both countries. -
ISA Transfer limits
HI
If you are switching accounts and it is done by the provider, this is fine.
As you have met the maximum deposit for this year though, you cannot deposit 'new' funds to the new account. -
RE Student loan repaid during tax year incurs self assessment charge
Hi Cesar Ruiz
Yes this was the anwer to your query so that it doesnt add on the extra charge when you have already repaid the loan.