HMRC Admin 10 Response
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re Paper form fill SA106 where to put paid foreign pension on Self Assessment form
Hi
Your foreign pension should be declared in in pounds sterling, the box marked 'Overseas pensions, social security benefits and royalties' on page F2, along with any tax that was deducted. You should not show foreign pensions anywhere else on the return, or you may increase your taxable income in error. -
re Non-UK resident with UK pension income
Hi
As there is no tax treaty between the UK and this country, a UK based pension/state pension will be taxable in the UK, but most likely in the other country as well. UK nationals can claim a personal allowance to set against their UK pensions. Your client would need to find out if their country of residence would give a tax credit for the UK tax paid, to avoid double taxation. -
re UK Advisor providing services to US startup but rewarded in shares
Hi
Income tax is payable on the shares when they vest. The company may deduct the tax by withholding shares to cover the tax. You may have to claim a foreign tax credit in your self assessment tax return, for tax paid in the USA.
If the shares are disposed of immediately, there is no capital gains aspect. If you retain the shares and dispose of at a later date, then capital gains rules come into effect. -
re US citizen on student visa; filing taxes and getting National Insurance number if not working?
Hi
If you are UK tax resident for the whole tax year, then you are required to declare your world-wide income. If you have income from outside the UK, then this needs to be declared on a tax return. If you have no income arising from anywhere in the world, then a tax return is not required. A self assessment record can be created without the need of a national insurance number. -
re Form PPDCGT
Hi
You will need to log into the captial gains account and amend the version you submitted. You will then be able to submit an amendment. -
RE: Living in Spain and working remotely for UK based company
Hi
This forum is for personal queries only and your employer would need to contact HMRC themselves to discuss any concerns. -
RE: CGT on transfer of part equity of second home to child
Hi
As you take the value at 2015 the price paid in 1991 is not relevant. -
re CGT disposal foreign property with usufruct
Hi
We can only provide general information / guidance in this forum. For an answer to a detailed question of this nature, you would need to contact our self assessment helpline on 0300 200 3310, or seek professional advice.
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re Sale of us stock
Hi
If they have increased in value, yes. -
Re Bringing funds from Pakistan & Kuwait
Hi
There is no tax implication on the transfer of the capital. You will need to speak to your bank to see what evidence they require.