HMRC Admin 10 Response
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RE: Receiving money as gift from abroad (India)
Hi
As there is no tax liability for cash gifts, the gift does not need to be included in your tax return.
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RE: How to report capital gains losses for previous years-
Hi
You can include them in the return as long as the losses are not more than 4 years old.
Losses need to be reported within 4 years of the tax year in which they arise. -
RE: clean capital declaration when moving to the UK
Hi
We are only able to provide general advice in this forum.
If you do not understand, you should seek financial advice on the matter. -
RE Tax return for self-employed in Ukraine
Hi
The remittance basis is an alternative tax treatment that’s available to individuals who are resident but not domiciled in the UK and have foreign income and gains.
Remittance basis is not available if you are deemed domicile in the UK.
You will be deemed domicile if you were born in the UK with UK domicile of origin and UK resident in 2022 to 2023 tax year, or you have been UK resident for at least 15 of the previous 20 tax years and UK resident in 2022 to 2023 tax year.
If you meet the conditions, you can use the remittance basis. -
RE: Clarification on "Interest on savings for children"
Hi
Interest in ISAs is not taxable.
If the interest of more than £100 arising in a bank building society account etc, from money given by a parent, the parent will have to pay the tax on all the interest, if it is above their own personal savings allowance.
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RE: Non-resident landlord - UK rental income without deduction of UK tax - individuals
Hi
You will need to complete the SA100, SA105 and SA109. if you want to file online, you will need to use 3rd party software.
The whole return must be submitted together in the same format so you cannot file online and then submit the SA109 by paper.