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Dear Admin, I had bought a property in Malaysia a couple of years before I moved in UK. I applied Memorandum of Transfer (MOT) for this property two years after I moved in UK so as to change the ownership from developer to me and my sister. The MOT is subject to stamp duty, which is 4% of the property purchasing price. Other than stamp duty, some expenses such as legal fee, service tax, reimbursement, disbursement etc. also incurred in the process of MOT. I paid the MOT expenses in Feb 24 and stamp duty in Jun 24. My question is if all these expenses including stamp duty are allowable expenses or are deductible from rental income? Am I allowed to claim tax credit relief? Am I correct to declare all allowable expenses including stamp duty in tax year 2024-2025? Or should I declare them according to the tax year that the payment transaction belongs to? The property is equally shared with my sister, are the expenses or tax credit relief (if any) to be declared in equally shared? Please advise. Thanks so much!

Hi HMRC admin, Thanks so much for your kind reply. May I further clarify with you about declaring the expenses such as repairing, furnishing etc spent for a new tenancy for my oversea property which is equally shared with my sister who is not a Uk resident and live aboard. Am I correct to declare half of expenses for my oversea property in my self assessment? Thanks so much!

Hi, I have two more questions. I moved to UK since Jun 2022. Before moving to UK, I made an oversea fixed deposit in 2019 for 4 years. I have got all the interested only on Jul 2023. Am I correct that I only have to report the interest since I moved to UK, which is from Jun 2022 to Apr 2024? I rent out my oversea property which evenly owned by me and my sister. We have some expenses such as repairment, agent fee, furnishings etc for a new tenancy. Should I report the expense in 1:1 as the property is shared with my sister? Looking forward to hearing from you soon. Thank you so much!

Hi, I have the following four questions and most grateful if you could advise: Q1) I got the pension refund after I opt out the pension during 2023, do I have to declare this on "UK pensions, annuities and other state benefits received- Pensions (other than State Pension) – the gross amount" or on "Other UK income not included on supplementary pages-Other taxable income"? Q2) I have received tax refund for year 2022-2023 on February 2024, do I have to report this on my self-assessment? Q3) I have received IHS reimbursement on my oversea bank account. Would it be considered as income? Do I have to report on my self-assessment as well? Q4) I have received another tax refund for tax overpaid due to a wrong tax code used for tax calculation. Do I have to declare this on self-assessment? If so, should I declare this on "Any other information under section of Residence, remittance basis." Thank you so much.