HMRC Admin 10 Response

Hi
No.  
You are not taxable on the money willed to you.  
If that money generated interest while held in a bank account, then only the interest would be taxable as your income.

Hi PLH Louis
Private residence relief is deducted before applying the annual exempt allowance.  
Both of you can apply the £6000 annual exempt allowance agains your proportion of the gain.

Hi
As a resident of the UK, you are, by default, taxable on your world-wide income in the UK.  
This means that if you undertake overseas employment or self employment work, it is taxable in the UK and should be reported on a self assessment tax return.  
If the overseas work is via a contract of employment, then you are employed by the Italian company.  
The employer, will need to contact the Italian tax authorities, to seek guidance on how they should tax your Italian employment income.  
You would declare the overseas employment income on SA102.  
If you are self employed, you would report this as self empoyment income on SA103.  
If any Italian tax is payable and is deducted, you would also declare the income and tax paid on SA106, claimning up to 100% foreign tax credit.
All section of a self assessment tax return are declared in pounds sterling only, so you may need to convert from Euros.  
Foreign income / capital gains, is criteria for completing a self assessment tax return.  
You can register for self assessment at Check how to register for Self Assessment.

Hi
The previous replies still applies.

Hi
Payments made by the individual into an IRA, are made after tax relief is given to the individual by the employer.  
Payments from this pension are taxable in the USA.  
HMRC do not recognise IRA schemes as pensions, so for UK residents, they are taxed as income under the interest and declared as foreign interest on a tax return (SA106).
Please also refer to the double taxation treaty with USA - USA: tax treaties

Hi
Please refer to Tax on your UK income if you live abroad

Hi
There are a number of factors that need to be taken into account in determining if it is taxable or not.
Please see Annual payments

Hi
As UK resident then you will be declaring the income in the UK.
If tax has been paid in SA, you can claim this as foreign tax credit relief upo to amount of UK tax that would be due -
Tax on foreign income

Hi
Please refer to guidance at
Tax on your private pension contributions