Transfer of personal allowance from spouseMy spouse is not a UK tax resident and, save for some insignificant amount of interest income from UK banks, has no income. Is he entitled to any personal allowance? May he transfer £1260 of his personal allowance to me?
Offshore equity stocks and ETF held for ST trading purposesI had been trading equity stocks and ETF in the US and other places outside UK for years before I became a UK tax resident during the tax year 2021-22. The trading gains were not subject to any foreign taxes. 1. Should I report the net gain/loss as trading income or capital gains? Which form should I use? 2. Funds for trading were kept with the brokers in the original currencies well before I became a UK tax resident, and withdrawal were not made with reference to any specific transaction nor were they converted to GBP. Which exchange rate should I use to translate the realised gain and loss? Thanks.