HMRC Admin 10 Response

Hi
Yes.

Hi
You need to be registered as self employed for self assessment, in order for voluntary class 2 nic to be paid along with income tax.  In this case, you will need to contact the NIC helpline on 0300 200 3500, to voluntarily pay the NIC.  They will also be able to register you as self employed for tax and NIC for the next tax year.  Please note that you need a valid national insurance number to be registered as self employed.

Hi
As this is an inheritance, there will be no income tax liability, in bringing it to the UK.

Hi
You would need to contact the state pension claim line on 0800 731 7898.  You may find that your grand-father will need to make the claim himself.

Hi
Yes.  If the disposal value is greater than the acquisition cost, the a gain arises.  As it has never been his main residence, he does not qualifiy for private residence relief.
 

Hi
You could attach a summary of the 18 pages and include a freehand note, as you suggest, to forward on request if required.

Hi
You can claim up to 100% of the foreign tax paid, if the UK liability is more than the foreign tax paid or up to an equivalent amount of foreign tax paid, to match the UK liability if less.

Hi
No as this is a return of your capital.

Hi
Once you cross the five-year threshold, your QROPS is generally no longer subject to UK tax rules (barring any future changes in legislation) as such, the pension company doesnt need to inform HMRC of what happens. You should check the tax laws of Australia if any payments are then taken.

 

Hi
That is correct.