samuelkfp2000

Hi, I had an account in Hong Kong stock broker firm (Interactive Brokers Hong Kong Limited) and my account was holding shares of an UK listed company shares (HSBA). Should I report the dividend of this HSBA shares as UK dividends or foreign dividend? Similarly, I had another stock account in UK broker firm (Interactive Brokers (U.K.) Limited) and my account was holding shares of Hong Kong listed company shares (HSBC). Should I report the dividend of this HSBC shares as UK dividends or foreign dividend?

If the dividend is automatically reinvested to buy shares, should the dividend being reported as dividends income of the year?

Back to my example, if the cost of shares is amount without the reinvested amount, that is GBP 10,000, should I report dividends income in tax reporting for receiving the below dividend in 2020 and 2021? Dividend reinvestment on 1-Aug-2020: GBP 1000 to buy 10 shares Dividend reinvestment on 1-Nov-2020: GBP 1000 to buy 10 shares Dividend reinvestment on 1-Feb-2021: GBP 1000 to buy 10 shares

I bought an insurance on Feb 2018 with currency Hong Kong dollars (HKD) and paid the insurance premium on Feb 2018, Feb 2019 and Feb 2020 with HKD. The insurance was matured on Feb 2024 and I got back the money in HKD. The money got back is more than the sum of insurance premium paid and I think I should include them in tax reporting. As the currency is not in GBP, I need to have the exchange rate to calculate the money in GBP for tax reporting. I see that HMRC has 3 different exchange rates: * monthly currency exchange rates * average currency exchange rates * spot currency exchange rates I paid HKD30,000 insurance premium on 1-Feb-2018. To exchange this amount to currency GBP, which exchange rate can I use? Or I can use any one of the above 3 exchange rates with no restriction? Regards

I sell a stock which I bought the stock with both initial lump sum and stock’s dividend reinvestment. Initial lump sum investment on 1-May-2020: GBP 10000 to buy 100 shares Dividend reinvestment on 1-Aug-2020: GBP 1000 to buy 10 shares Dividend reinvestment on 1-Nov-2020: GBP 1000 to buy 10 shares Dividend reinvestment on 1-Feb-2021: GBP 1000 to buy 10 shares Total I have 130 shares now. I sell the 130 stock shares and get GBP 20000. I would like to know what the cost of shares in tax reporting. Should the cost of shares include the re-invested dividend plus initial lump sum amount, that is GBP 13000? Or the cost of shares only calculate the lump sum only without reinvested dividend, that is GBP 10000?

In the document of UK property notes Tax year 6 April 2022 to 5 April 2023 (2022–23), page 8, paragraph 2, “If your total property income before expenses (including income from furnished holiday lettings) is below £85,000, you can just add up your expenses excluding any residential property finance costs and put the total (minus any FHL expenses) in box 29. “ Box 29 is Other allowable property expenses. My annual total property income is 12,000 pounds. Is it mean I can added up all the management service charge, insurance, painting, and Costs of replacing domestic items, etc (excluding any residential property finance costs) and put into Box 29?

Hi, I have a property rented out in 2022/23 financial year. I would like to ask how I should fill the below expense in self assessment tax return? 1. Gas safety check - should I put this expense under “Property repairs and maintenance” or “Costs of services provided, including wages”? 2. Installation of a replacement gas hob, oven, washing maching - should I put this expense under “Property repairs and maintenance” or “Costs of services provided, including wages”? 3. Recycling of old washing machine and oven - I bought new washing machine and oven as the old one not longer working. I need to ask the company to move out the old washing machine and oven. Should I put this recycling expense under “Property repairs and maintenance” or “Costs of services provided, including wages” or “Costs of replacing domestic items”? 4. Management service charge - the apartment is managed by a property management company and I need to pay management service charge. Should I put this expense in “Rent, rates, insurance, ground rents etc:” or “Legal, management and other professional fees” ? 5. Electricity and gas fee - Should I put this expense in “Rent, rates, insurance, ground rents etc:”, similar to water rate? 6. Tenant finder service - I have use the service of property agent company for finding the tenant. Should I put this expense in “Rent, rates, insurance, ground rents etc:” or “Legal, management and other professional fees” ?

Hi, I have bought 1-year Guaranteed Investment Certificates (GIC) in CAD in HSBC Canada bank. It was guaranteed fixed interest rate product. It was redeemable so that I redeemed the GIC before maturity and got some gain. The gain was calculated as the principle amount x interest rate x number of days kept. Should I report these gain as foreign saving interest or foreign capital gain or something else?

I am filling self assessment and would like to have use Marriage allowance to transfer 1260 pounds of my personal tax allowance to my wife. It is the first time I fill in tax return as I was the UK tax resident from 6-Apr-2022. In “Change your tailored return (page 3)” section, I select “Yes” for the question “Do you want to transfer 10% of your personal allowance to your spouse/civil partner? If you already have a transfer in place, select 'No' as it will be included in your calculation.” In “Change your tailored return (page 3)”, I select “Yes” for the question “Was your total income less than £12,570 (plus up to £6,000 tax free savings interest) and your spouse/civil partner's total income below £50,000? Please see help guidance” And then, I can see the Marriage allowance section. I input my wife first name, last name, NI number, birthday, and our marriage date. After I press Save and continue button, I got an error message: “ERROR: Either you already have a marriage allowance transfer set up or the data you have provided does not match the details held by HMRC. Either 'Delete the marriage allowance section' if MA is already set up or amend the details entered.”. Can you advise how I can complete the marriage allowance section?