HMRC Admin 17 Response
Joined: 1/20/2021
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RE: Split year treatment
Hi,
If you want to claim personal llowances then yes you need to complete these boxes .
Thank you.
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RE: Reporting CGT on Overseas Property sale
Hi,
Yes you are correct .
Thank you. -
RE: Split year treatment
Hi,
You do not need to report the last payment from your employer in Hong Kong .
Thank you. -
RE: Split year treatment
Hi,
There are no tax implications re: the transfer of funds from an overseas bank account to a UK bank account.
You may however have to declare any interest that arises.
See link:
Tax on savings interest .
Thank you. -
RE: BNO
Hi,
Yes, if
(a) the asset was worth less than £49200, and
(b) the gain was fully covered by your Capital Gains
Allowance (£12300) you do not have to report the gain in a Self Assessment tax return.
Thank you.
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RE: Split year treatment
Hi
Emma ,
You can register for self assessment via the following link :
Tax on foreign income .
Thank you. -
RE: Money transfer
Hi,
There are no tax implications transfering money as a gift.
However you may be required to pay tax on any bank interest you accrue on the funds.
Thank you. -
RE: BNO
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RE: BNO
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RE: Split year treatment
Hi
Esther,
You will need to register for self assessment (if not already done so) and then complete the SA100
and SA109.
If you have UK employment, you will also need to complete SA102.
Help to complet the SA109 is at - :
Residence, remittance basis etc notes .
Thank you.