HMRC Admin 21 Response
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RE: Selling shares in a Uk company whilst living in Germany
Hi Wjd,
Our response is no.
Thank you. -
RE: Critical Illness payout - where would I include it?
Hi Claire,
Yes as it forms part of your personal savings allowance.
Thank you. -
RE: Tax relief for SIPP: no relevant earnings but pay income tax
Hi mimifefe,
Yes you still qualify for the relief - Tax on your private pension contributions.
Thank you. -
RE: CGT when lived abroad and rented
Hi Autumn Fall,
Yes. you also need to declare the rental income as you were classed as a non resident landlord whilst living in the US, even if a loss was made.
Thank you. -
RE: EMI option share disposal abroad
HI Steve,
Capital gains tax is not charged on the sale of shares for UK tax non-residents, as long as they remain non-resident for a period of at least five years.
Thank you. -
RE: Tax Implications of Repatriating Funds from Saudi Arabia
Hi James,
You will not be liable on the transfer of the actual capital but you will need to declare any interest or dividends that this then generates.
Thank you. -
RE: Claiming Principle Private Residence Relief
Hi Jimjota35,
Please refer to: Guidance HS283 Private Residence Relief (2024) and Self Assessment tax returns.
Thank you. -
RE: Interest on Joint Account
Hi Hardy332,
Please have a look at the guidance at TSEM9930 (TSEM9930 - Ownership and income tax: Specific types of property: bank and building society accounts - legal and beneficial ownership).
Thank you. -
RE: SA108 reporting under remittance basis
Hi Chris H,
We cannot comment on scenarios, we can only provide general information / guidance in this forum.
You can find guidance on the remittance basis at section 9 of Residence, domicile and the remittance basis: RDR1.
For an answer to a detailed question of this nature, you would need to seek professional advice.
Thank you. -
RE: Not enough boxes to fill in SA106
Hi Yiu Wa Ng,
The guidance at Foreign notes Tax year 6 April 2023 to 5 April 2024 (2023–24) advises that you fill up the three rows A - F with your foreign interest and include the remaining countries on a separate sheet of paper.
The total figure entered in box 4 must be the total of all of the foreign interest and not just the 3 displayed.
Foreign Tax year 6 April 2023 to 5 April 2024 (2023–24).
Thank you.