HMRC Admin 32 Response

Hi,
Capital Gains Tax liability is calculated by deducting acquisition costs (including acquiring the property) and disposal costs from the disposal value.  
Only if you were non UK resident at the time of disposal, can you use the rebasing date of 05 April 2015 in the acquistion cost.  
There is a calculator below to help you work this out.
Tax when you sell property
Thank you.

Hi,
Further information would be required in order for this to be confirmed so you will need to provide details of the settlement in writing and send this to:
HMRC PAYE & Self Assessment
BX9 1AS
Thank you.

Hi,
We cannot advise you whether split year treatment applies in your circumstances or not. We can only state that where split year treatment is not applied, the individual is required to declare their world-wide income and capital gains on their tax return for the whole tax year.  
Where split year treatment is applies, the tax return is used to declare all UK income and capital gains for the whole tax year and foreign income and capital gains for the period you were resident in the UK.  
You have up to 2 years after 31 January deadline, to allow you to amend your tax return. You can amend your tax return online or on paper using a tax return and / or the supplementary pages.
Self Assessment tax returns
Thank you.

Hi,
Your 2023 to 2024 return should only include income earned and tax paid between 6 April 2023 and 5 April 2024.
As such, you should not include any pay or tax from the 6 April 2024.
If you would like to discuss your calculation in more detail, contact our Self Assessment team by webchat or phone via:
Self Assessment: general enquiries
Thank you.

Hi,
The UK / Hong Kong tax treaty allows the Hong Kong tax authorities to tax your civil service pension.
Thank you.

Hi,
We cannot comment on what your accountant has stated or that there has been no change to the tax treaty.
Should you wish to discuss further you will need to contact us direct.
Thank you.

Hi,
Your status is based on the actual tax year and as you arrived in July 2024, you would be classed as UK resident for 2024 to 2025 as you would be here for more than 183 days by 5 April 2025 and as such any disposal will need to be reported and any potential Capital Gains Tax paid.
Thank you.

Hi Andrew,
The type of tax depends on whether you class this as your source if income in that you are an actual trader or just taking a chance on the markets.
If trading, you need to register as self employed. Please also see:
CG51560 - Share identification rules for capital gains tax from 6.4.2008: the “same day” and “bed and breakfast” identification rules
Thank you.

Hi,
That is correct on all three points.
Thank you.

Hi,
Based on the details provided you would not meet the criteria for Self Assessment.
Check if you need to send a Self Assessment tax return
If you are registered for Self Assessment you can contact HMRC to review.
Self Assessment: general enquiries
Thank you.