HMRC Admin 8

Hi,
As you are in receipt of interest from overseas bank accounts, you should register for self assessment and complete returns for the appropriate tax years:
Tax on foreign income                                                          
When completing your returns, you should include details of  both your overseas interest and  the interest from your UK fixed term savings accounts. Interest from ISAs is exempt from tax, and does not have to be declared.
Thank you.

Hi,
Only those expenses that fall into the category of  'capital expenditure' can be offset against Capital Gains. Examples of capital expenses thast would normally be allowable are (a) adding an extension (b) installing a security system id there wasn't one before and (c) replacing a kitchen with one of a higher specification.    
Detailed guidance on what qualifies as capital expenditure is provided at:
CG15150
CG15292                        
CG15150P      
Thank you.                    

Hi,
Private Residence Relief is  available for the last 9 months before a residential property is sold if the property in question was at some point the seller's only or main residence:
Tax when you sell your home                                      
If, as a non resident of the UK, you dispose of a UK residential property that you owned before 6 April 2015, you would normally use the market value at 5 April 2015 (rather than the aquisition cost of the property) to calculate the Capital Gain:                                                 
Non-resident Capital Gains for land and property in the UK (Self Assessment helpsheet HS307
Thank you.       

Hi,
On the basis of the informastion provided, split year treatment would apply for the 2021/22 tax year, and the UK part of the year would commence on the date you rented your apartment (ie the date from which you had your only home in the UK).
If your only income from the date you arrived in the UK was the bank interest figure quoted, you would not have to complete a 2021/22  tax return. However if you are in receipt of a foreign pension, you would have to register for Self Assessment:                                                             
Check if you need to send a Self Assessment tax return
Thank you.

Hi,
Yes, on the basis of the info provided, the mother would be fully covered by Private Residence Relief and would have no Capital Gains Tax to pay:    Tax when you sell your home
Thank you.

Hi,
You will need to contact HMRC to review and reissue:
Income Tax: general enquiries
Thank you.

Hi,
As you have foreign interest, you meet the criteria for completing self assessment tax returns, as there is no minimum figre for interest.
Thank you.
 

Hi,
These were costs you incurred in acquiring and disposing of the proprerty.  
Even if there is no gain arising from the disposal, you still incurred those costs, so you can set them against the £0.00 gain, resulting in a loss.  
Losses do not have to be reported to HMRC, but if you want to set them against other capital gains or carry them forward, you will need to submit a claim in writing, including supporting evidence, if you do not complete a self assessment tax return.  the onl other alternative is to claim the losses in your tax return for the year the losses arise, including supporting evidence with your tax return.
Thank you.

Hi,
The pension threshold is based on the level of your annual income from employment / self employment net profit / partnership net profit.  
The amount that qualifies for tax relief, is the lower of your annual income or £40000 (£60000 in 23/24).  
You can carry forward unused annual allowances from the 3 previous tax years.  
Where you carry forward unused annual allowance and the pension payments you make into the pension scheme (not your employers payments) remain below the threshold, you do not need to report to HMRC.
You do not include the payments made into your pension scheme made by your employer, as you cannot claim tax relief on these payments.
Check if you have unused annual allowances on your pension savings
Thank you.

Hi,
Savings Accounts that do not allow access to the capital or interest until the end of the term, are only liable to tax on the interest, when the term ends. Savings account that allow access to the capital at any time, are taxable on the interest in each tax year the interest arises.
Thank you.