HMRC Admin 10 Response

Hi
As per Private residence relief: only or main residence: two or more residences: late nominations, ESC21 still applies it has just changed name for nominations made after 06/04/20.

Hi
If you complete self assessment tax returns, you should amend your returns to declare the losses. Where it is too late to amend your return or you do not complete tax returns, you will need to declare your losses in writing to
H.M. Revenue and Customs
Self Assessment
BX9 1AS, providing supporting evidence of the losses.  
You can claim for losses for up to 4 years after the end of the relevant tax year.  Losses older than this, are out of date and cannot be claimed or set against any gains / profits.

Hi
You would only declare UK assets for IHT purposes. For the inheritance that you received, you dont declare any of the capital but you do need to declare any interest or dividends that his  has generated.

Hi
You still take into account the 185k for your purchase price but your gain is still based on any increase overall. You can then claim private residence relief for the period you lived in the property.

Hi
That is correct.

Hi
If the gain of £500 is the taxable amount over the annual exemot amount of £6000 then yes you need to report it. If it is the overall gain then no.

Hi
Under the terms of the DTA, the pension from Hong Kong is only taxable there. The interest received will be covered by personal allowances and no tax will be due. It only needs to be reported on a tax return if it is foreign interest.

Hi
No you dont need to report them every year.

Hi
If your foreign credit card is paid for, using your foreign savings, then provided those savings did not arise while resident in the UK, then they are not taxable.

Hi
The provider are the managers of these accounts, not HMRC, so you need to accept their decision.