HMRC Admin 13 Response

Hi Stevo3475
You will need to use the same date for both conversions
You can find rates of exchange at: BIM39505 - Foreign exchange: rates of exchange - HMRC internal manual
Thank you

Hi pls_1970
As a non resident landlord, you still need to complete a tax return so you need the following:
•    SA100, 
•    SA105 and 
•    SA109. 
The complete return, including supplementary pages, must be submitted together in the same format
Thank you

Hi Forum
If you are on a UK base outside of the UK, then, in principle, you are not UK resident.  
If you a Crown servant, such as HM armed forces, then as a crown employee, being paid by the UK government, your military earnings are taxable in the UK.  
All other earnings, such as bank interest, dividends would not be taxable as you are not resident in the UK.  
If you are for example the spouse of a person in the military and you have employment on the base, locally or work remotely for a UK employer, then this would be taxable in the country you are in.  
Guidance is available at: Tax for crown servants, EU employees and volunteer workers abroad
Thank you

Hi EMH2024
This answer is in respect to your post made on 04 October 2024.
As previously advised we cannot provide financial advice or tax planning. This falls into that category.
We cannot therefore answer your question.  
Check with your provider or seek financial advice.
Guidance is available at Buying and owning a property
Thank you

Hi Sin Yu Chan
No. It is not taxable, so you do not include it in your foreign income.
You can mention it in the free hand notes, so that it does not affect the tax calculation.
Thank you

Hi
Yes. Your business incurred the expense, so you can claim it.
Please see Expenses if you're self-employed: Overview within the section “if you work from home”.
Thank you

Hi
If you cannot access the interest or the capital until the end of the term, you declare all of the interest at the end of the term.  
If you can access either the interest or the capital at any time, then you declare the interest each year.  Check with your provider.
Thank you

Hi
Potentially, yes.  
Using an exchange rate in use at the time you inherited the property, convert the inherited value to GBP sterling.  
Do the same for your costs and the disposal value.  
Do the same for any tax deducted in Montenegro.  
The disposal value minus the allowable costs is your gain.  
Subtract the annual exempt allowance of £3000.  
If any money is left, it is taxable.  
Whether or not there is a gain, you are required to report the disposal on a self-assessment tax return.
Further Guidance is available at: Tax when you sell property: Selling overseas property
Thank you.

Hi
If you need to make a change, you’ll need to submit a new report, using your report reference number starting with ‘RTT’.  You’ll be sent this number by email after you first use the service.
This Guidance is available at the bottom of page: Report and pay your Capital Gains Tax: If you have other capital gains to report
Thank you

Hi Wojciech
We can you provide general advice in this forum.    
For an answer to a personalised question of this nature, you would need to use the contact options at: Self Assessment: general enquiries or seek professional advice.
Thank you.