HMRC Admin 8 Response
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Re:Double Taxation UK/Germany
Hi,
You are taxed on your UK income when you are domicile but only need to report any foreign income that is remitted:
Paying tax on the remittance basis (Self Assessment helpsheet HS264
Thank you. -
Re:Taxes whist living in Netherlands but working for UK company
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Re:SA for non-residence director of a company who is registered in the UK
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Re:Income before moving to UK
Hi,
It will be the September.
Thank you.
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Re:Capital Gains Cost Basis
Hi,
A value will have been applied at probate and the lawyer should be able to supply this.
Thank you.
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Re:Non UK National & Dubai Resident
Hi,
Whatever country you are in at midnight counts as a day there to form part of the 183 days in the UK tax year.
Thank you. -
Re:Multiple chargeable events reporting
Hi,
Where there are multiple chargeable event gains in a tax year, then they cannot be declared using the online tax return.
You must submit a paper tax return.
If you have gains from different, multiple policies, you must put the following information in box 19 on page TR 7 of your tax return:
• details of each individual policy
• the amount of gain for each policy
• the number of years you’ve held the policy
• the tax paid on each gain
If your multiple policies had tax taken off, add them together and put the total amount of gain in box 4. If your multiple policies did not have tax taken off, put the total amount of gain in box 6. Do not put any figures in box 5 or box 7.
Gains on UK life insurance policies (Self Assessment helpsheet HS320)
Thank you. -
Re:Selling multiple medium value items
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Re:Overseas rental income
Hi,
If the property is in your name you are the one who is liable for any rental income received unless you have a declaration of trust in place to confirm you are not the beneficial owner of said income. if UK resident and now domicile you need to declare the income even if not remitted and a tax return would be required:
Tax on foreign income
Thank you. -
Re:Drawdown pension from Switzerland - where is it taxed
Hi,
Yes this would be seen as a regular payment and not a lump sum
Thank you.