HMRC Admin 10 Response
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RE: Leaving UK
Hi Aldo
You can complete the P85 form before you leave the UK, for example once you have a confirmed leaving date.
You can do this online at Get your Income Tax right if you're leaving the UK (P85), which will be faster than printing off the completed form and posting it HMRC. -
RE Foreign currency interest classification
Hi
If you are resident in the UK, you would declare it in the foreign section, along with any foreign tax paid. -
RE: How to report capital gaini when selling oversea property
Hi
If you are completing yoru tax return online, you select yes for the capital gains option.
You also click yes for the foreign section.
In this way, you declare the capital gain and in the foreign section you can declare any foreign tax paid.
If you are completing a paper tax return, you would complete SA106 and SA108. -
RE: Non-UK bank deposit interest earned in the overseas part under split year treatment
Hi
Yes, as it arises in the UK.
The overseas part only relates to overseas income and gains.
Uk income and gains are still taxable in the overseas part. -
RE Foreign dividend over £2,000
Hi
Yes. -
RE Living in Germany - paying German Tax but salary paid in UK (NT tax code)
Hi
For online, you need to tailor your return at section 3 and anser yes to the question 'doyou want to claim other reliefs'.
This then opens other boxes for you then to claim forgein earnings not taxable in the uk for the income that was received after you left. -
RE NHS taxes for VISA holders
Hi
These are 2 different things.
The skilled worker visa charges you as per this link - Skilled Worker visa.
The tax is what everyone pays if their income is over £12570 per tax year. -
RE Can I use my saving abroad for living due to redundancy? And will I be taxed?
Hi
If you are UK tax resident and domiciled, you need to declare your worldwide income.
If not domiciled, you can claim the remittance basis - see Paying tax on the remittance basis (Self Assessment helpsheet HS264)
If you have transferred income from abroad to use in the UK, you need to declare it. -
re Reporting capital distributions from a liquidated PSC
Hi
The type of asset would need to be other property assets and gains, this is the only section that allows a claim for Business Asset Disposal Relief. There is no specific box to advise of a part disposal, this can be advised in the additional information box.
The fact it is a part disposal would not affect the claim for BADR, what would need to be considered is if the conditions to claim BADR are met at each of the disposal dates.