HMRC Admin 10 Response

Hi
Yes you can claim the agency fees as expenses as they are deducting this from any pay so you would need to declare the top line income as your turnover.
For the tools, you can claim expenses in the year that they were incurred so if a previous year, you will need to amend your retrun to show this. this may give you a loss that you then carry forward into the next tax year.
Thankyou.

Hi
The arrangement is something that you would need to discuss with the bank.
There will be no tax to pay on the actual transfer of the capital but any interest that this then generates needs to be declared.
Thankyou.

Hi
Yes a tax return is required due to your foreign income.
Thankyou.

Hi CL
If you’ve used the remittance basis in earlier years and you bring any of those earlier years’ foreign income and gains to the UK at a later date, you will still be liable to UK tax on this remittance even if you do not claim the remittance basis in the later year.
Thankyou.

Hi
There are specific rules about dividends from offshore funds.
If the fund has more than 60% invested in interest bearing assets, any distribution that you receive, or that is reported to you is treated as interest received.
You need to put this under ‘Interest and other income from overseas savings’".
Thankyou.

Hi
No, each pension pot has its on 25% tax free and that limit cannot be transferred to other pensions.
Thankyou.

Hi
Article 24 of the UK / France double taxation agreement relates to the elimination of double taxation and states at 24(1)(a) ""French tax payable under the laws of France and in accordance with this Convention, whether directly or by deduction, on profits, income or chargeable gains from sources within France (excluding in the case of a dividend, tax payable in respect of the profits out of which the dividend is paid) shall be allowed as a credit against any United Kingdom tax computed by reference to the same profits, income or chargeable gains by reference to which French tax is computed"".
This clause would allow the ""taxe foncière"" to be claimed as a foreign tax credit at box F2 on SA108, so that up to 100% can be credited against any UK tax payable."
Thankyou.

Hi
As this is a life insurace policy, tax would only be payable on obtaining maturity or early surrender.
 IPTM1560 (Outline of the chargeable events regime: tax charged) advises "A chargeable event gain is deemed to form part of the chargeable person’s income.
In the case of a full surrender, assignment, death or maturity the gain will be assessed for the chargeable period, tax year or accounting period, in which the event happened.
Special rules apply to part surrenders or assignments, involving the concept of an ’insurance year’ at whose end the gain is treated as arising."
Thankyou.

Hi
Capital gains tax only arises when an asset is disposed of for more than it cost to buy (including buying and selling costs).  
Have a look at the guidance on tax when you sell shares. 
Tax when you sell shares
Thankyou.

Hi
As part of substantiating the reported gains, we ask for evidence to be attached as a pdf file, such as a calculation of how the gain arose.  
For paper tax returns, supporting evidenence is still required, but in a paper format.  
Sa108 guidance advises ""You must send us your computations, valuations, specified claim forms and any working sheets with the ‘Capital Gains Tax summary’ pages of your tax return.
Fill in all the boxes on the form that apply to you.
Do not cross through any boxes or write ‘see attached’ in them"".
Thankyou.