HMRC Admin 8 Response
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Re:Moving "clean" capital from overseas for UK Tax Residents and Domiciles
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Re:Tax on German pension
Hi,
When the UK/German tax convention was amended in 2010 it gave the German tax authorities the right to tax German social security payments, what is in effect state pensions in Germany. For UK residents, whose German state pensions commenced after 25 december 2010, they are not taxable in the UK on this pension.
If the pension commenced before that date, the pension remains taxable in the UK and should be reported on a self assessment tax return.
A foreign tax credit of up to 100%of the foreign tax paid, can be claimed to avoid double taxation.
Thank you. -
Re:About inheriting a porperty aboard and taxation
Hi,
Yes. you would need to declare your share of any rental income and associated expenses. only expenses in relation to the actual rental property can be considered:
Tax on foreign income
Thank you. -
Re:Foreign income from Isle of Man
Hi,
If UK resident and domicile you are liable on your worldwide income. if tax is also charge in another country, you can claim foreign tax credit relief: Relief for Foreign Tax Paid 2024 (HS263
Thank you. -
Re:IRA tax treatment
Hi,
Its not clear if the initial fund was in an IRA for this question to be confirmed. you may want to call 0300 200 3310 for specifc guidance.
Thank you. -
Re:When and how to advise HMRC if leaving UK permanently
Hi,
You can inform us when you file your 24/25 tax return.
Tax if you leave the UK to live abroad
Thank you.
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Re:Personal Tax Allowance reduced by state pension
Hi,
State pension is taxable income - reducing your code by the amount you receive for the year is the most efficient way of collecting the tax due.
Thank you. -
Re:Help To Buy ISA Query following 2024 ISA Reforms
Hi,
The guidance stipulates that it must be a residential mortgage.
Thank you. -
Re:UK income and tax return due?