HMRC Admin 8
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Re:Rental income and personal tax allowance for non-residents
Hi,
Please refer to the following guidance in respect of claiming the UK Personal allowances against your income from a UK property:
INTM334580.
The fact that that you hold a UK passport does not always mean that you will be entitled to claim the UK Personal Allowances.
As a non resident landlord you will be also be required to declare your rental income from a UK property via the self asessment system.
Thank you. -
Re:Moving savings to the UK
Hi,
Please refer to guidance at:
Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you. -
Re: FTCR – British Capital Gains Tax & German Income Tax
Hi,
Yes you can claim foreign tax credit relief on the Germabn tax paid in order to reduce any UK tax that is due. the relief cannot exceed the UK tax due.
Thank you. -
Re:Dividends received by UK non-resident from UK limited company
Hi,
For an answer to a detailed question of this nature, you would need to contact our self assesment helpline on 0300 200 3310, contact our webchat facility at: Contact HMRC or seek professional advice.
Thank you. -
Re:NVC on US listed companies
Hi,
Shares disposed of within a stocks and shares ISA, are neither subject to capital gains or capital losses.
This means that if there are losses in your ISA, you cannot claim a tax refund on those losses.
You can, however, carry the losses forward and use them in a future tax year.
Where share become negligible value, you would have to submit a claim to HMRC:
Negligible value claims and agreements -
Re:Foreign Property Gain - Reporting Year Allocation
Hi,
The UK uses the completion date of the transaction, to determine the tax year into which a capital gain arises.
In the absence of a completion date, you would have to use an alternative, such as the date the legal transfer of the asset takes place, using the laws of that particular country.
It is not likely to be the date that money changes hands.
Thank you. -
Re:about remittance basis
Hi,
Anyone who is considered resident in the UK for tax purposes, but is not domiciled in the UK, can elect to claim the remittance basis.
The remittance basis must be claimed through a self assessment tax return.
Residence, domicile and the remittance basis: RDR1, as you may find the remittance basis is not beneficial to you.
Thank you. -
Re: Pension taxation for British Citizen in Singpore
Hi,
Article 18 of the UK / Singapore tax treaty allows for UK pensions and lump sums to be paid free of UK tax to residents of Singapore.
The pension provider will be required to deduct UK tax from the pension, until such times as we are able to advise otherwise.
Once you commence receipt of your pension, please download and fill out form DT individual:
Double Taxation: Treaty Relief (Form DT-Individual
The signed and completed form should be sent to the tax authorities in Singapore to validate.
Once validated, the form will be returned to you, so that you can send it to HMRC at the address on the front page of the form.
Thank you. -
Re:Child benefit- what type of pension is deductable
Hi,
If the pension contribution is taken from your net pay then yes this can be deducted for the adjusted net income.
If the pension contributions are taken from your salary before the tax is calculated then in this case you would not be able to deduct as relief already given at source.
Thank you. -
Re:Moving savings to the UK
Hi,
Any savings / interest, derived from income arising outside of the UK, in tax years where you were not resident in the UK, is considered capital and is not taxable when brought into the UK.
Only in tax years you are considered tax resident in the UK, will foreign income and gains be taxable in the UK.
Thank you.