5. Need to declare all UK source income.

ok thanks
If the uk income is less than 7k does it still need declaring via Sa and do uk personal allowances apply (assuming the individual is granted italian tax residency on the basis of HS302) .

Anyone?

thanks

If proceeds from an inheritcance received from a foreign relative are significant ie 800k, how much hassle will there be should this money be transferred into a uk account by electronic transfer? I believe there are stringent money laundering regulations that trigger all sorts of investigations. I a...

yes

ok but what happens if the couple have lived together for 35 years in Italy (met and married there) and then move to the uk and die here?

Can hmrc argue one parnter is uk dom and the other one isn't ie. the husband is italian national and the wife originally british.

Assuming you are married and each is non-UK domiciled for UK inheritance tax purposes then on the death of one spouse no inheritance tax arises on transfers from one to the other. a) What if one is classed as uk domiciled and the other one isn't? b) I am no expert but if a couple have lived togethe...

If a couple own assets of more than 325k in the uk and one of them passess away, is there any tax payable or are they treated as uk spouses ie everything passess to the survyving spouse with no tax payable.

thanks again.

Just to clarify, if the parent gifts only 50% of the ownership am I correct in saying that a rent equal to half the market rent for said property would have to be paid in order to avoid the GWR for iht purposes?

No deed of gift necessary. Whether you hold as joint tenants or tenants in common depends on how you want your respective halves of the property to be inherited - likley to be as tenants in common to leave things as flexible as possible, then ensuring your respective wills do what they need to do. ...

Change of title at land registry is sufficient to evidence the gift. I would say it is best to have a proper, formal tenancy arrangement. Thanks Lee. I believe that we need to fill in a transfer form tr1 and on the form specify that there is no monetary exchange hence no sldt. Am I right in thinkin...