HMRC Admin 8 Response
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Re:Does a Non UK resident Director with a UK salary need to file a self assessment?
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Re:Interest on Children's savings account
Hi,
It is interest based on the parents depositing the money:
Interest on savings for children
Thank you. -
Re:ESPP gain calculation
Hi,
If you dispose of the the shares at the time they vest, there is no capital gains tax.
If you hold on to them before disposing of them, then there could be a capital gains tax liability, if disposed of for more than the vesting value.
Thank you. -
Re:Terminal Loss Relief repayment
Hi,
You should have this information from your own accounts.
Thank you. -
Re:CGT for share consolidation and bonus share
Hi,
Please refer to guidance at:
Capital Gains Tax: share reorganisation, takeover or merger
Thank you. -
Re: Shares sold outside the UK
Hi,
If you are tax resident in Singapore and dispose of UK shares on a recognised stock exchange, resulting in a gain, then the gain should be declared in the UK on a self assessment tax return. Tax may be payable in the UK.
In Singapore, this would be a taxable income/gain.
To avoid double taxation, you would need to claim a tax credit for UK tax paid, so that you do not pay the tax twice. Article 13(a) of the UK Singapore tax treaty, covers capital gains tax and can be found at:
Singapore: tax treaties
Thank you. -
Re:Transfering Crypto Assets to the UK from abroad
Hi,
Crypto from overseas is a foreign asset.
When brough to the UK, where it is disposed of, then there may be a capital gain tax liability.
In the example, there is a capital gain and there may be a tax liability.
Thank you. -
Re:Gifting property to parents
Hi,
For an answer to a personal question of this nature, you would need to contact our self assesment helpline on 0300 200 3310 or contact our webchat facility at:
Contact HMRC
Thank you. -
Re:Self assessment cheque
Hi,
Yes it would be the same for a cheque. Once the issue date is shown if you allow up to 3 weeks to arrive.
Thank you. -
Re:Self Assessment refund delays
Hi,
If still pending after 5 months then we would need to review your Self Assessment record to check this for you.
To do this you will need to contact HMRC:
Self Assessment: general enquiries
Thank you.