HMRC Admin 33

Hi,
We can confirm that there are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax.
Thank you.

Hi,
We can confirm that there are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax.
Thank you.
 

Hi,
Please see the link below
Report and pay your Capital Gains Tax: If you sold a property in the UK on or after 6 April 2020
Thank you.

Hi,
Yes. Once your Self Assessment tax return will be fully processed, the credit on the account will be used against the arising liability.
Thank you.

Hi,
As a UK resident you are taxed on the arising basis on your worldwide income and capital gains. If you dispose of foreign assets, you are required to report this in a Self Assessment tax return.  
The calculation for capital gains is in pounds sterling at all stages. Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal. For your convenience, there are exchange rates here:
Exchange rates from HMRC in CSV and XML format
and for older rates here:
Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009
You are free to use any of the supplied rates or one of your own choosing. The gains are declared on SA108 and if foreign tax is paid on the gain, you also declare on SA106 and can choose to claim a foreign tax credit of up to 100% of the foreign tax paid. This will prevent you being taxed twice.
Thank you.

Hi,
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances.
You may wish to contact our team for advice
Self Assessment: general enquiries
Alternatively you may want to seek professional advice.
Thank you.
 

Hi,
Please see the link below
Tax on your UK income if you live abroad: If you're taxed twice
Thank you.

Hi,
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances.
You may wish to contact our team for advice
Self Assessment: general enquiries
Alternatively you may want to seek professional advice.
Thank you.

Hi,
We can confirm that there are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax.
Further guidance can be found here:
Tax on savings interest: How much tax you pay
Tax on dividends: How dividends are taxed
Thank you.

Hi,
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances.
You may wish to contact our team for advice
Self Assessment: general enquiries
Alternatively you may want to seek professional advice.
Thank you.