HMRC Admin 10 Response

Hi
She would need to apply for non domicile status on the tax return to confirm that she is claiming the remittance basis in order not to declare the foreign income.
Guidance on what and when to report is at :
​​​Paying tax on the remittance basis (Self Assessment helpsheet HS264)

Hi
Yes.
You will need to convert the dollars to sterling.

Hi
Not enough information has been provided.
If  you are UK resident, you need to report the sale of the property in the UK.
Relief can be claimed for the foreign tax paid on the same source.
If UK resident and domicile, the remittance basis is not applicable as you are liable on your worldwide income and the gain is taxable in the UK.

Hi
These are classed as Deeply Discounted Securities (DDS). ‘Deeply Discounted Securities’ (DDS) are government securities, commercial bonds and loan stock, where the amount paid on redemption is higher than the price at which they were issued.
The difference is the discount and represents the whole or part of the reward to the holder of the security for the use of the money borrowed by the security issuer.
Where certain conditions apply, the tax rules ensure that gains on such securities are taxed as income, rather than as capital gains. (Deeply discounted securities). 
If you invest in deeply discounted securities, put the difference between what you paid for the bond and what you redeem or sell it for in box 3 of SA101 (page Ai1). 

Hi
HMRC does not answer hypothetical questions as legislation could change.
However the overlap relief will not be lost and the full amount would be available were the trader to permanently cease to carry on their trade.
The overlap relief must be used during the transitional relief year 2023-24 under the new Basis Period Reform rules.
Please see BIM81200 contents.
Tax year basis and transitional rules

Hi
We aim to process this by 04/10/2023.