HMRC Admin 10 Response
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RE: HMRC Reporting status change before becoming UK resident
Hi
In general terms, we can advise that the disposal of an interest in a reporting fund by a UK resident which was previously a non-reporting fund, and where an election under Regulation 48 of Statutory Instrument 2009/3001 hasn’t been made, will give rise to an offshore income gain (OIG) where the full gain would be subject to income tax as miscellaneous income.
(Offshore Funds, The Offshore Funds (Tax) Regulations 2009 and IFM13414 & Regulation 18).
We are unable to answer hypothetical questions and can only give general advise.
You may wish to seek professional advice if you require a more details answer. -
RE: Higher rate tax relief on one-off pension contributions
Hi
I apologise if you haven't had a response.
You should always get a calculation or a letter advising of the updated position.
You will need to contact our Income Tax department again to confirm if it has been actioned:
Income Tax: general enquiries -
RE: What's the interest rate allowance for remittance basis user?
Hi
If you are resident and domiciled or deemed domiciled in the UK, you are unable to use the remittance basis.
If you use the remittance basis, you lose your personal allowance and your full amount of interest would be subject to tax, based on the savings rates at Tax on savings interest. (£8000 - £5000 - £1000 = £2000 @ 20% = £400.00) -
RE: Fraud Self Assessment
Hi
If you can't view the UTR online the record has been locked.
If you require one in the future we may need to create a new record. -
RE: Adjusted Net Income - Childcare Account
Hi
You would only report it through Self Assessment if you meet the criteria to complete one.
You can check that here
Check if you need to send a Self Assessment tax return
Please see Tax on your private pension contributions for reporting contributions outside of Self Assessment. -
RE: Banking Interest for Non-UK Tax Resident
Hi
You would not be taxable on the bonus payment for opening the account.
Any interest arising from capital in the account will be taxable as 'disregarded income'.
The amount of tax is limited to the amount of tax, if any, deducted at source. -
RE: Query About Tax Implications of Repaid Personal Loan from Brother
Hi
You wouldn't need to declare this. -
RE: Capital gains tax and Private Residence relief
Hi
I regret that you do not qualify for private residence relief, as the property was not your main residence (you would need to live in the property as your main residence.
Your brother will be able to claim private residence relief for the period that the property was his main residence.
Private Residence Relief (Self Assessment helpsheet HS283) -
RE: Statement of tax liability - The Netherlands requested 3 months ago
Hi
You can progress chase your request for a certificate of residence, either by contacting our webchat facility at Self Assessment: general enquiries or by telephoning our self assessment helpline 0300 200 3310. If you need to resubmit a certificate of residence request, you can do this online at
Self Assessment: general enquiries -
RE: Tax on gifts
Hi
There are no income tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax.
Further guidance can be found here (Tax on savings interest and Tax on dividends).