HMRC Admin 10 Response

Hi
The approval does not mean the rental income is exempt from UK tax. While the rental income will be paid with no tax deducted, it is still liable to UK tax and the non-resident landlord must include it on any tax return. - Self Assessment tax returns

HI
The finance costs are not an allowable expense but a relief. they therefore reduce any tax due on the actual profit you make but they do not reduce the actual profit. You can carry forward unused relief. as it is a relief it is not part of the property allowance. If there is no tax to pay on your rental income or if there is no profit then the finance costs will show as 0 to then allow you to carry them forward to later years.

Hi
As salary sacrafice payments are deducted before your gross taxable pay is calcualted, they cannot be deducted again for the purposes of Adjusted Net Income.

Hi
It is the full amount on maturity as this is paid when you are in the UK.

Hi
HMRC cannot comment on the tax position on the US when you arrange an inter transfer and you will need to contact the IRS for details.  Tax in the UK when you withdraw the pension depends on whether it is a lump sum or periodic payments. 

Hi
Your cost price will be 50% of the original purchase price and the 50% of the value when it was transferred in June 2022.

Hi  
You should contact our helpine so we can review the information we hold see link: Income Tax: general enquiries

Hi Adrian We are unable to check personal tax records through the forum which this question would require. You should contact our helpine so we can review the information we hold see link: Income Tax: general enquiries. 

Hi
Please look here Allowable expenses

Hi
Please look at this information Register as a sole trader