HMRC Admin 10 Response

Hi FabGio g

Please see the following guidance which will help answer your questions relating to your specific circumstances :

Tax on foreign income

and

The SRT: Split year treatment: When will split year treatment apply

With regards to your pension contributions.

Thankyou.

Regards.

Hi

Yes this would be correct also. 

Thankyou.

Regards.

Hi keikoo

You would still be entitled to your personal allowance for the UK part of the year against any of your income for that part. 

Thankyou.

Regards.

Hi

This will depend on whether this is seen as cashing in a bond which creates a chargeable event.

You may wish to check guidance here :

Gains on foreign life insurance policies (Self Assessment helpsheet HS321)

There are no income tax implications on the transfer or money from one account to another. 

Thankyou.

Regards.

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.