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Dear HMRC administrator,
We have studied HMRC guidelines and determined 10 June would be our split day of the split year treatment, with the shortest overseas part. We would like to clarify:
1. Any remittance of foreign income and gains arose prior to the split day is non-taxable, and no need to claim such remittance in the tax return.
2. We continued having foreign income after the split day, but no UK income and gain, we don't need to file that in tax return if none of the foreign income was remitted.
3. We entitle to have full Private Residential Relief, for our home sold completed in Nov of the same tax year. We don't have any gain of other asset then. We don't need to contact HMRC for this.
4. While remitting the entire proceeding of our sold home with the above-mentioned full relief, we would like to know if there is deadline for the remittance?
Please kindly advise.
Many thanks and regards.