Clive Smaldon

Not HMRC...All UK citizens are entitled to personal allowance, regardless of where they live or what their circumstances https://www.gov.uk/tax-uk-income-live-abroad/personal-allowance

Not HMRC...The gain tax rates are split, using your basic rate band first, so first part of the gain at 18% up to unused amount of £37700 then the balance is at 28% for 23/24 so a rate of just short of 27% more than possible if not much BR band remaining after salary/earnings/other income.

Not HMRC...you must have earned income in the tax year of payment to cover the contribution in full...if that is less than £60k then you can only pay in the gross taxable amount of your salary...anything more you cannot claim tax relief on/is subject to a tax charge...take advice from an IFA.

Not HMRC...search US DTA...article 13 as to which gains are liable where,,,where a paragraph says "only" its that country only and doesnt go on the return in the other country and no tax credit due as its not taxable in the other, where a paragraph says the country "may" tax it it means that country/both can/will/is liable in both with tax credit in other.

Not HMRC, also wont get lettings relief as didnt live there at same time as tenant i.e. she moved out...

,,,UK/Australian DTA...Article 6 - Income from real property 1. Income derived by a resident of a Contracting State from real property may be taxed in the Contracting State in which the real property is situated. For "may" read "is liable in and will be taxed in with tax credit in Australia!...may means "will be" not "might be" in DTA legal language...which means HMRC can and will tax it, but you get a personal allowance as normal in the UK and can either claim expenses and mortgage interest (tax credit) or flat rate allowance (but no mortgage interest tax credit)...so for all intents and purposes you need to complete SA returns annually for the UK, including residence (non) pages.

Hmmm...youve gotten semi "duff" advice. Its OK re the sole trader situation, that would be correct on basis no UK earnings prior to departure, so effectively Australian self employed only. UK rental income property ALWAYS requires a UK return, even whether paid gross via NRL1 or not, it is liable FIRST in the UK, regardless of which country you go to, which means that you then also need the residence pages also as you need to complete a UK return as normal for all of your UK affected position, which includes non residence. Even if property profit is less than personal allowance it is liable here and needs a return, thats the law. What I said stands...deal with many many people in your situation, being ATO doesnt change UK requirements.

Not HMRC...no, IN YEAR losses are ALWAYS used against in year profits first, thats the rule, regardless of the exemption situation, so the loss for 23/24 of £5k is auto set against the profit of £6k in year, leaving you £1k profit of the allowance, balance of allowance unused and cannot be c/fwd, that is the hard and fast rule, losses in year must be used against profits in year FIRST. 24/25 you have no loss b/fwd as a result of the above, so Profit is £7k less £3k allowance, tax due on £4k.

Not HMRC...you will need to complete a SA form for 24/25, including worldwide income to date of leaving, including salary, tax paid etc, and also property income/expenses from that date. You will also need to complete residence pages as part of that return, claiming split year treatment if appropriate. Then for 2025/26 you will complete a SA return claiming full non residence and including UK income (property income and expenses, tax credit on any mortgage etc etc) and continue to do that annually. For the consultancy side, if they are paying through payroll you should apply for a NT code, if they are paying gross outside of PAYE no need. Each year you will need to give copies of your UK returns to an Australian accountant. This process is what anyone leaving the UK should do in your circumstances. No need to do a P.85 as you will be completing a SA return for 24/25, i,e the year you have left. Talk to other expats in Australia as to what they do/who they use in UK/Australia.

Not HMRC, if non UK tax resident the usual situation is that you register as tax resident in the country in which you phyiscally are. They assume the right to tax your profits, and most DTA's confirm such income is liable only in the country of tax residence. There are, however, exceptions, depending on where you are deemed to be trading by reference to the work you do and where the work is deemed to be excersized.