kevinhui

Hi, I am a British citizen who lived oversea last year. As I received rental income from my property at uk, I sent back the self assessment form to HMRC. When I received the tax calculation back, I found that personal tax allowance was not applied in the calculation. I wonder that if there is a mistake as I expect that I could have £12500 tax allowance even though I was not an UK resident in 23/24 tax year. Please advice. Thank you.

Hi, Thanks for your advice. It seems that the gain from insurance should be taxed. However, since the insurance was purchased in foreign country, so I will receive the gain in currencies other than pound. How can I report this gain in pound?

Hi, I am staying in UK with spouse visa. I have a saving insurance in a foreign country, and if I terminate the insurance and withdraw the money back to UK, do I need to pay tax for this money? If it is the case, how will the tax be calculated? regards, Kevin