YY WONG

I filed the tax return for tax year 2022-2023, for both income and capital gain, using the online Self-Assessment System. I then paid the tax accordingly. Recently I found some mistakes of the Capital Gain part in this filed return (incorrect currency conversion rates were used to calculate the gains and purchased prices). Please advise: am I able to amend the filed tax return of 2022-2023 (the part of Capital Gain) by using the online Self-Assessment system? Thanks.

I bought and sold US stock using my US dollar saving. When reporting Capital Gain, please advise: 1. I can use the HMRC's monthly currency conversion rate at the selling date to calculate the purchasing price / disposal proceed / gain in Sterling? or 2. I need to use the HMRC's monthly currency conversion rate at the purchasing date to calculate the purchasing price, and use the monthly currency conversion rate at the selling date to calculate the disposal proceed? Please advise whether both are acceptable? or if not, which one should be used?

I have not use the pension allowance in previous 3 years. Is it true that I can use the pension allowance in this year and contribute more ? i.e. the maximum for contribute in SIPP is £2880 a year for annual salary < £3600, is it true that the contribution to SIPP this year can be £2880 x 4 = £11520, using the previous 3 years allowance plus this year's allowance?

Thanks for your reply. Understand the tax relief will be pay into my SIPP account. My questions is, whether the amount of income which I contribute to the SIPP account can be deducted from the income which I fill in the self assessment tax form? Thanks.

I am a basic tax payer. I wish to know whether the amount of income which contribute to the SIPP account will be exempted from income tax? (i.e. when calculating income tax, will the part contributed into SIPP be excluded as income which of calculating the income tax?) Thanks.

I am eligible as a "new 4-year FIG regime" from tax year 2021 per announced in recent budget, please help to answer below questions related to capital gain: : 1. can I claim back the capital gain tax on my foreign capital gain which already reported in the tax year 2022-2023? 2. I have capital gain from UK and capital gain from foreign countries, can I choose to be taxed under the new 4-year FIG regime for the current tax year 2023-2024? 3. if I choose to be taxed in the new 4-year FIG regime in future, and I have capital gain from UK and from foreign countries, is it true that I can still use the Capital Gain Annual exempt amount for the UK capital gain while waived the tax of foreign capital gain? 4. if I purchase some foreign shares AFTER tax year started on 2025 April, is it true that the foreign capital gain tax of selling these foreign shares can also waive the foreign capital gain tax if I choose to be taxed in the new 4-year FIG regime? Thanks in advnace.

I am eligible as a "new 4-year FIG regime" from tax year 2021 per announced in recent budget, please help to clarify below questions: 1. can I claim back the tax on my foreign income which already reported in the tax year 2022-2023? 2. can I choose to be taxed under the new 4-year FIG regime for the current tax year 2023-2024? 3. if I choose to be taxed in the new 4-year FIG regime in future, and I have both UK income and foreign income, is it true that I can keep the Personal Allowance for the UK income while waived the tax of foreign income? Thanks.