HMRC Admin 10 Response
-
RE: Student holding BNO visa: reporting and paying foreign tax?
Hi
Yes that is correct.
Thankyou. -
RE: Transferring personal money to UK
Hi
This would only apply if you were claiming the remittance basis.
However, as you state you are UK resident and domicile then the remittance bais doesnt apply to you.
You will only be liable to capital gains tax.
Thankyou. -
RE: BNO
Hi Tony
The pension and the disability allowance are only taxable in Hong Kong so are liable in the UK.
No tax return is required.
Thankyou. -
RE: Tax on a UK Government Pension (if you live abroad)
Hi Amitia Wood
You would receive full relief on the government pension if you are a national and resident of Spain and you would need to provide evidence of this for the pension to be exempt in the UK.
Thankyou. -
RE: Tax on a UK Government Pension (if you live abroad)
Hi
As government pensions are normally taxable in the UK, the individual would need to provide evidence that they are a national and a resident of the country in question if this then allows the pension to be taxed elsewhere to allow the NT code to be applied.
Thankyou. -
RE: Transferring savings to spouse to reduce interest tax liability
Hi Bella Boo
Cash gifts do not attract income tax or capital gains, whether the gift emanates from the UK or abroad.
Any interest the gift generates once you receive it, may be subject to tax.
TSEM4205 covers gifts that are not cash based.
Thankyou.