HMRC Admin 32 Response

Hi,
If you transfer your pension from the UK, where you would have received tax relief on your pension payments to an qualifying recognised overseas pension scheme, then that transfer may be taxed if the QROP rules are not met.  
Please have a look at the guidance at:
Overseas pensions: pension transfers
Thank you.

Hi,
Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal. For your convenience, there are exchange rates at:
National Archives: Exchange rates from HMRC in CSV and XML format
For older rates at:
National Archives: Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009
You are free to use any of the supplied rates or one of your own choosing. 
Thank you.

Hi,
Please have a look at helpsheet HS284.
HS284 Shares and Capital Gains Tax (2024)
Thank you.

Hi,
The cost base to your spouse is the same as the cost base to you. You gifted the shares at the value, you acquired them for.
Thank you.

Hi,
Pre-owned assets is an Inheritance tax matter, not covered in this forum. Please have a look at the guidance at:
IHTM44001 - Pre-owned assets
There are no income tax implications for giving your daughter a cash gift.
Thank you.

Hi,
If you are UK resident for the whole tax year, you can check whether split year treatment applies to your circumstances.
If it applies, you split the tax year into two. The period you were not in the UK and the period you were. The split occurs from the date you arrived in the UK.
If it does not apply, you declare the whole years UK and foreign income and claim any allowable foreign tax credits.
Thank you.

Hi,
It is because you are using your business account government gateway user ID and password, that you are only being given those options.  
You will need to register for a personal government gateway user ID and password, to be given the option you require.  
You can register for a personal tax government gateway user ID and password below.
Personal tax account: sign in or set up
To create a capital gains account, please see below link, to report and pay the tax due.
Report and pay your Capital Gains Tax
Thank you.

Hi,
As the overseas property is jointly owned, you declare 50% of the gross property income and 50% of the expenses incurred, such as repairs and maintenance and furnishing etc in the income from property section (SA105) to bring the profit into the tax calculation and again in the foreign section (SA106), so that you can claim for any foreign tax paid on the property income.
Thank you.

Hi,
For UK purposes, your Rental Home in the USA would not count as a Self-Employed Business.
Please see the following Guidance about tax on Foreign Income.
Tax on foreign income
Thank you.

Hi,
UK REITs are declared in boxed 17-21 of page TR£ on SA100 and online by ticking yest to the box on Page 2 of 3 of tailor your return - "Did you receive any other UK income, for example, employment lump sums, share schemes, life insurance gains?".  
Where Non UK REITs are distributed, the profits and foreign tax deducted are declared in the foreign sections under 'income from land and property abroad' ( boxes 14 to 32).  
The foreign section of the online tax return can be found on page 1 of 3 when tailoring your return and tick the box "Income from land and property abroad".
Thank you.