Wai Nang Chin

Hi, I am now processing selling of a buy to let property and expect the exchange will be complete mid of this month. The selling price is lower than the purchase prices. I think there is no capital gain in this deal. I want to ask whether I need to report to HMRC or not? My solicitor told me it’s not necessary. Is it correct? Thanks.

Hi, I purchased an apartment which was exchanged at the end of 2022. The completion date will be Q2/2025. What is the amount counted for the Stamp duty? I searched some account firm website stated that "This new higher rate applies to all transactions entered into on or after 31 October 2024. If contracts have been exchanged before 31 October but the transaction has not completed by that date, then transitional rules may apply and the transaction may be charged at the previous rate provided that there has been no change to the contracts between exchange and completion." Is it correct? The Stamp Duty counted will base on the previous rate even the property completion in Q2/2025. Thanks.

Hi, Do I have the Personal allowance of £12,570 in 2023-2024? I moved to UK from HK in Nov 2023. I am retired and no job. I have rental income of a buy-to-let property in UK since 2021 and I had already paid UK tax in the past two year even I was not in UK before. Thanks.

Hi, I moved to UK from HK in Dec 2023. I am retired and no job. I am an ex. civil servant and I receive pension in HK and pay tax in HK every year. I understand that my pension income is not necessary to count in UK income. Is it correct? I have savings interest income in UK bank and rental income of a buy-to-let property in UK. I want to know that my Personal allowance is: - 1. £12,570; 2. £17,570 (plus starting rate for saving, £5,000) or; 3. £18,570 (plus starting rate for savings, £5,000 & personal savings allowance, £1,000) Thanks.

Hi, I am William. I moved to UK from HK in Nov 2023. I am retired and no job. I have savings interest income in UK bank and rental income of a buy-to-let property in UK. I want to inquire as follow: - 1. I am tax residence or not in 2023-2024? or I will be tax residence until 2024-2025? 2. If the above is Yes, do I have the Personal allowance of £12,570? or I will have the Personal allowance of £12,570 if I am employed? 3. How much saving interest allowance do I have? £5,000?(starting rate for savings) £1,000?(personal savings allowance) or £6,000?( £5,000+ £1,000) Thanks.

Hi, my wife and I moved to the UK from Hong Kong since Oct. 2023. We are both retired. I owned property in UK and I had paid the past 2 years rental income tax already. I got the UTR no. We know that we need to process self-assessment (apply split year treatment) for the tax year 2023-2024. SA109 form require to fill-in UTR no. My wife haven't got it. Is it necessary to apply UTR no. using the SA01 form? Thanks for your assistance.

I am living in my owned apartment. I plan to purchase another residential apartment for living. My parent will live in my previous apartment 1-2 years temporarily until they purchase their new home. The previous apartment will be sold later. Is there any tax require? Please kindly have your advice. Thanks.

My wife and I have moved to the UK since the end of Oct 2023. I paid the last 2 years rental income tax aboard. When will I be UK tax resident? My UK friend told me that I am UK tax resident when I move to UK. Is that right? My wife is now looking for a job. What about her? She will be UK tax resident once she have a job or she need to state over 183 days in UK? I saw from HMRC website the personal allowance is £5000? What for? Thanks a lot.

My wife and I moved to UK on Oct 2023 from Hong Kong via BN(O) Visa. I have a buy to let property in Manchester since 2021. I had paid the rental income tax to HMRC for the past 2 years. Since I am not residence in UK before, I don't have the personal allowance (12570 pound). Now I am retired and live in UK. I want to know whether I have the personal allowance when I return and pay the rental income next year (2023-2024)? For my wife, she don't have job now and she is now looking for a job. When will she have the personal allowance? Somebody say she need to state in UK for not less than 183 days and somebody say she should state for 2 and a half years. Besides, I want to know the amount of saving interest allowance? Please kindly advice me. Thanks a lot.