HMRC Admin 10 Response
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RE: Tax on a UK Government Pension (if you live abroad)
Hi
Your NHS pension, could be classed as a government pension, depending on who pays the pension. A National Heath Service pension - paid by a Local Authority, is classed as governent and would be taxable in the UK, unless you were a Greek national. As a UK national, you would remain taxable in the UK on this pension. National Health Service pensions - paid by NHSBSA, CAPITA, the Paymaster Generals Office or Scottish Public Pensions Agency (SPPA) are classed as non government and would be taxable in Greece. -
RE CGT on overseas property split over 2 tax years
Hi
You need to declare the full amount on the tax return and then apply separately to have the non payment treated as deferred consideration - Deferred consideration -
RE: Annual pension allowance using 3 previous fiscal years
Hi
You would need to provide the information yourself as HRMC wont know the totals you have paid in. Your pension provider should have provided you with details of how much has been paid in each year to allow you to work out if you have exceeded the limit. -
RE tax reporting of foreign wage when worked abroad(Hong Kong)
Hi
Income from employment for work carried out in Hong Kong is only taxable in Hong Kong no matter when it was paid. You dont declare it here to pay tax in the UK. -
re cancellation of self assessment account
Hi
If the interest was less than £10,000 and this is the only reason for completing a return, you can contact us to have the return cancelled - Self Assessment tax returns -
RE Crypto Gifting to Son and CGT / Inheritance tax
Hi
Yes you are correct on all points. -
re Split Year Treatment/Form SA109
Hi
The only way to claim split year treatment is complete a SA100 tax return and include supplementary page SA109 and any other relevant supplementary pages. The alternative is to declare your world-wide income in your self assessment tax return. -
RE: Transferring money between civil partners (Scotland)
Hi
Yes. The guidance covers the entire UK.
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RE: Additional pension contribution to claim tax relief for previous tax year (2022/2023)
Hi
The pension threshold for 22/23 is £40000 or the equivalent of your earnings if you earn less than £40000.00. You can carry forward the unused element of your pension threshold from the 3 previous tax year and add it to your threshold for 22/23. If your pension payment is below the new revised threshold, then there is nothing to report on your tax return. If you exceed the revised threshold, you declare the excess above the threshold on paper SA101 or in the online tax return equivalent box. -
RE: Process for decalring foreign savings & bring them to UK
Hi
If you have savings that were generated in tax years before you become resident in the UK, then those savings are considered to be capital and not taxable. If the savings arise in the tax year you become resident, then they could be considered income tax be taxable.