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I relocated from Hong Kong to the UK in April 2022. In Sept 2022, I sold my private residence in Hong Kong and remitted the sales proceed to the UK in HKD, due to the fluctuation of the GBP under the mini-budget, I converted all the HKD to USD. I would like to see if there is any capital gain tax if I convert the USD to GBP in the future. I am not a forex trader.
Hi, I am a BNO visa holder and relocated to the UK in April 2022. I have a sole proprietorship business (sole trader) in Hong Kong providing financial services to a Hong Kong Company. My business has 2 Hong Kong staff working in Hong Kong and the business makes some profits. I would like to know how do I report tax in the UK? And how to calculate my taxable income? Thank you.