Clive Smaldon

Not HMRC, keyword here is ...person has "chosen"...therefore under the terms of the account it appears the option was there to have the interest paid in to that account or another one or have something else happen re the interest, therefore it may be liable in year rather than on maturity. https://www.gov.uk/hmrc-internal-manuals/savings-and-investment-manual/saim2440

PIBS? Accrued income? This question was solely about property (which you answered down to line 5)...why PIBS/Accrued income added?...nothing to do with it...

HMRC...you are missing the point, the questioner has paid Tax/NI by operating PAYE against his own self employment, this is not allowable/possible, as a sole trader he is the business, the business is him, an individual cannot employ themselves where there is no ltd company and it is the PAYE situation that needs to be addressed and closed down not making an adjustment to self employment.

Not HMRC...if you have sold all of the goods then the £3k received is the turnover (income), the original cost of £3k is the cost of sales (goods for resale), the shipping and packing costs are also allowable costs for postage etc, meaning you have a loss for the year. If you have not sold ALL of the original goods purchased you need to value the goods remaining and deduct this from the original £3k spent. There will be no tax to pay if all sold, and possibly not if part sold (depends on any value of goods remaining) but you must enter this information on the self employed pages of the SA. You also complete the property pages as normal and any other pages (employment, bank interest received details etc etc)...all on one SA form with additional pages as needed.

Not HMRC...ONLY where relief has not been given via PAYE, most pension schemes treat pension payments as made from gross pay so higher rate relief is already given by removing the contribution from taxable pay (P.60 taxable pay figure less than gross salary). You ONLY claim higher rate relief for pension schemes where payments taken AFTER tax is calculated (a minority of schemes)...local govnt is not likely to be an after tax scheme, though anything is possible. It doesnt increase tax allowance codes, it extends basic rate bands.

Not HMRC...this makes no difference...example, self employed person paying in to a SIPP is a private pension, only possible because of self employed earnings, but its not "occupational"...the DTA follows most others, pensions are generally assessable in the country of tax residence, regardless of where paid from, unless "governmental" where the situation may be different...and this is the case here re the "private" pension, it is not liable in the UK, it is liable in the Phillipines, without relevant previous earnings it wouldnt have been possible to contribute so it is treated as if "occupational".

Not HMRC...you will no longer be automatically non resident for UK tax under SRT Test 3 if you are in the UK for more than 90 days. Therefore, you need to search "RDR3 HMRC" and go through the residence tests. If you meet any automatic non UK tests then you remain non resident, if you meet any of the UK tests you become UK tax resident, if neither then you need to review sufficient ties tests under Table A or B. The results of whether you are UK resident or not then impact where the salary whilst working in the UK is taxable (per the double taxation agreement article 14)

Not HMRC...totally incorrect. The legal ownership has gone from joint to sole on the title deeds, the wife has NO legal ownership and NO right to the income, the income will be reported by the husband, in accordance with ownership as the sole owner. No form 17 is needed, no notification to HMRC is needed, the husband simply reports all income from the change on his SA.

Not HMRC...total the cost value and enter the first date for the form purposes, I assume there will be an overall gain (net of the loss on the smaller amount), the form only requires the net total position overall. You can then split out the cost by way of explanation in a word document if you wish and attach this to the form as the final item before submission online, or print out and attach if submitting on paper.

Not HMRC...you need to claim split year basis in the UK via residence pages (SA109), this means you cannot use HMRC system and must file either on paper for the whole return including these pages, or buy commerical software to incude them, you cannot complete part on paper and part online! On claiming split year you are treated as tax resident from that date, but not technically tax resident until the following year. Being treated as UK tax resident from 1 July you enter worldwide income from that date to 5 April 2025 on SA forms. Claiming split year means you tick the box saying you are claiming it and enter the date where asked for also...thats it for the residence pages (other than maybe add a note the date is the date of return in additional info section)...no other boxes re days in the UK nor workdays not other countries etc, in your situation none of that applies, just tick the box to claim split year and enter the date, and complete the whole tax return from 1 July 2024.