HMRC Admin 10 Response
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RE Working in UK temporality as a UK citizen with EU residency
Hi
Yes. -
RE: Does Interest on Cash ISA count towards ISA allowance?
Hi
This is something you would need to discuss with your ISA provider. -
RE Do I have to fill out nrl1
Hi
The NRL1 is only to stop the tax being deducted at source so it is up to you if you wish to register. as a non resident landlord, the income must be declared in the tax return via self assessment. -
RE whether SIPP contribution will be exempted from income tax
Hi
If your self invested pension provider claims tax relief from HMRC, for the payments you make into your pension scheme, then as a basic rate taxpayer, you will receive all of the tax relief available. Where your income takes you into the higher rate or additionla rate tax brackets, then you either claim higher rate / additional rate tax relief through a self assessment tax return or by submitting a claim in writing, that includes supporting evidence. -
RE: UK Tax Resident with Employment income from Spain
Hi
If foreign tax has been deducted in Spain, you will show the details on the employment page (income only) and also on the foreign page in order to claim the tax credit.If no tax, it is only the employment page. -
RE: Cash gift from parents outside UK
Hi
1. If she came to the UK, the gift would form part of the estate if she was to pass away within 7 years of the gift being made 2. Detail on the Government’s intended changes to the rules for non-domiciled individuals set out here Technical note: Changes to the taxation of non-UK domiciled individuals.
HMRC is unable to provide any further detail on how these changes will apply to an individual’s personal circumstances at this time. -
RE Student visa working allowance where payments are in areras
Hi
We would consider the timesheet and the real time the work was actually carried out. -
RE: Cash gift from parents outside UK
Hi
There are no tax implications for a cash gift. Any interest you generate from the cash gift is taxable and should be declared.
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RE: Do I have to report miscellaneous income of £25?
Hi
No. Any gain arising from the disposal of crypto would be a capital gain. The current annual exempt allowance is £3000. If you are trading as a business, you have a £1000 trading income allowance, which when exceeded, must be declared on a self assessment tax return. -
RE Flexible ISA
Hi
Only a flexible ISA would allow you to withdraw money and replace it within the same tax year without eating into your annual ISA allowance. Check with your ISA provider first.