HMRC Admin 32 Response
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RE: HMRC not answering phones, 3rd day and cannot get through to speak on their help line
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RE: Money transfer
Hi MStirling,
There is a Capital Gains Tax calcuator below which will help you determine if there is no UK capital gains tax to pay.
Tax when you sell your home
If there is none as you say, then there would be no tax charged against bringing the money from the sale of the property to the UK, unless the money generated interest, in that case, the interest may be taxable.
Thank you. -
RE: Second job tax
Hi,- It is up to you what you cxonsider to be your main employment and if you wish to make the 2nd job he main one, you will need to contact us to have this updated.
- Again this is a choice for you.
- If the dividends are over £1000, you will need to notify HMRC. If they are over £10,000 these need to be declared in a Self Assessment Tax Return.
- Again this is your choice. This all relates to financial advise which we are not authorised to give.
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RE: Cash gift from parents outside UK
Hi Aurelie,
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
Tax on dividends
Thank you. -
RE: Am I eligible for the Marriage Allowance?
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RE: Cash gift from parents outside UK
Hi Gary,
You will need to consult your bank to ascertain what evidence they require.
Thank you. -
RE: UK.GOV Account "The details entered don't match our records "
Hi,
If you need to ensure that your details are correct you will need to contact our Income Tax team.
Income Tax: general enquiries
Thank you. -
RE: UK.GOV Account "The details entered don't match our records "
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RE: Money transfer
Hi Bryan Lee,
If you are taxable on the remittance basis, you continue to be liable to UK tax on any remittances (amounts) of foreign income and gains that you remit to the UK. The transfer of money from an overseas bank account to a UK account would fall into the 'remittance to the UK' category.
Remittance basis 2021 (HS264)
Thank you. -
RE: Money transfer
Hi Mariusz,
He does not need to declare the transfer of the capital. However, he must declare any interest or dividends that this then generates.
Thank you.