HMRC Admin 21 Response

Hi Juno,
Here is our response to your questions:
1. The interest needs to be declared,
2. No as there is no tax due on cash gifts,
3. No.
Thank you.

Hi Bob,
You will pay tax in the country that you are considered tax resident and this is for you to determine.
See guidance at RDR3 Statutory Residence Test and you may need to apply for tax exemption in one of the countries.
You will need to check with the Netherlands as to whether a work permit is required or not.
Thank you.

Hi AJT003,
You can. Nominations can only go back 2 years so you cannot backdate it to February 2022 when you moved to rented accomodation. see guidance at CG64485 - Private residence relief: only or main residence: two or more residences: right of nomination.
Thank you.

Hi Hayley,
Please refer to guidance at: Tax on your private pension contributions.
Thank you.

Hi chiyu,
You would be entitled to the £500 Higher Rate Personal Savings Allowance - while you would still be entitled to the full Starting Rate for Savings of £5,000, your total income crosses into the higher rate, so the Personal Savings Allowance changes to £500.
Thank you.

Hi Bones Rct,
To advise you correctly on what tax is outstanding on your pension drawdown, what has already been paid, and what your options are, we would need to access your record. To allow us to do this, contact us by webchat or phone via Self Assessment: general enquiries.
Thank you.

Hi jgonzalezf87,
If the trading is in your name then it will be you who is liable.
Thank you.

Hi willow54 Hill,
Your purchase price will be your share of the probate value and a new valuation will need to have been done - not based on equity release but actual sale value - for what your disposal will be.
Thank you.

Hi Jackflood572,
It is up to you to make that decision, based on the facts of the case.  
Have a look at BIM20205 - Meaning of trade: badges of trade: summary.  Consider such things as, is this your sole occupation or do you have other employment to suggest you do not trade purely to make a living?
Thank you.
 

Hi Steve,
No ISA interest does not count for this as ISA is tax free. It is a legislative decision for the £10k limit but not all it may be tax free as you still need to take into account any other income received.
Thank you.