HMRC Admin 10 Response
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RE: Tax Residency
Hi
Them answer is as already given in the previous post.You will therefore need to determine which country you are tax resident. -
RE 4-year Foreign Income and Gains relief
Hi
HMRC cannot comment on future events as legislation and/or plans may change. -
RE Capital Gain Tax - Property in India - Filing Self Assessment
Hi
If no tax to pay, this would indicate that a loss has been made. You will need to report it in order to have the losses noted so that they can be used against any future capital gain. -
RE: ISA allowance 16yo
Hi
You need to be 18 to open an ISA account so as a 16 year old, it would only be a junior ISA that you could have at this time. If you were to turn 18 in the same year, you could have both but the limit is still 20k accross all ISA held. -
RE Are Dividends from a Hong Kong Provident Fund Taxable in the UK?
Hi
If the dividend income has been remitted to the UK then yes this needs to be reported here. As paid in April 2023, they will be reported in the 2023/24 tax year. -
RE Partial Crypto Sell Off
Hi
As you have now sold some of the assets you are liable to capital gains tax on anything over £3k. Previous years exemptsion cannot be carried forward. as you have not sold anything in previous years, there was nothing to report in respect of CGT. -
RE: SA102 - foreign income from a job
Hi
You will need to include the foreign employment on a normal UK employment page as well for this to be included in the calculation and this page also allows you to claim applicable expenses. -
RE Backdating UK residency once it has been acquired
Hi
HMRC cannot adviise you on your residence as this is for you to determine based on the guidance available. As you have already used the RDR3, you should also consider Residence: The SRT: Split year treatment as you are returning to the UK. This confirms the date from which you are classed as resident to allow you to see if you are then resident or not for 24/25. -
RE: UK Tax on Australian Superannuation
Hi
As resident in the UK you are liable on your worldwide income so the pension would need to be declared here -Tax on foreign income -
RE Keep reporting previous years capital losses
Hi
No you dont need to complete a CG page again until you either use the losses or have another gain to report.