HMRC Admin 10 Response

Hi keikoo

If you qualify for split year the you only need to declare your worldwide income for the UK part of the year.

Your income will then be based on the UK earnings at the relevant rate bands:

Income Tax rates and Personal Allowances

Thankyou.

Regards.

Hi litch1

This would be correct if you meet the conditions in the double taxation agreement. 

Thankyou.

Regards.

Hi ilaminucci

This transfer of money would not be subject to tax for income tax purposes.

However, if it generates any interest in a bank then this would be reportable. 

Thankyou.

Regards.

Hi Pablo Santana

There would be no tax implications for income tax purposes in this situtation.

Thankyou.

Regards.

Hi Simon

This would need to be taken up with the bank as they are the ones who have requested the completion of the form. 

Thankyou.

Regards.

Hi Bill

As these are hypothetical quesions can you please refer to  www.Gov.uk for information, although  I can advised as a UK resident you are entitled to report your worldwide income to HMRC and are due to pay tax in the UK.

Tax on foreign income 

Thankyou.

Regards.
 

Hi Bill

If your question is regarding  transferring capital from an individuals  bank account  to another account  there is no income tax charge.  

Thankyou.

Regards.

Hi Bill

We cannot give financial planning on this Forum,  you could speak to the Pension Provider who may advise of Pension withdrawal rules.

Thankyou.

Regards.

Hi Curious 1

If you are in receipt of a private pension this is usually taxable in UK.

See link below for more information about tax on pensions:

Tax when you get a pension

Thankyou.

Regards.

Hi Neil,

Please see guidance here on UK residency rules:

RDR3 Statutory Residence Test

Thankyou.

Regards.