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The OP made a phantom currency gain. They did not make a tangible currency gain. Edit: The OP would not have a problem if they had made a phantom currency loss, and they still would not have made a tangible foreign currency loss. As it is, they must pay tax on the phantom gain (with no tangible gain) at their normal rate.
This post is up to date as at 13/04/2022 and concerns private UK pension savings. It does not address UK State Pensions (see this post for info on State Pensions). New points for 2022: see below 6a, 6b and point 11. Background: The ability to transfer a UK pension to a Qualifying Recognised Overseas Pension Scheme (QROPS) began in April 2006.
New Zealand - Driving License conversion for Coach driver. - Hi, I'm planning to drive 55 seater coaches in New Zealand for the Kiwi Experience and I need to obtain a Class 4 driver's license there. Could someone please advise which type of UK driver's license I would need to have to meet the requirements for a Class 4
Malaysia - Suspension Of Conversion of Foreign Driving Licence to Malaysia Driving Licence - Originally Posted by Macsta Thanks for the information Scuba, ref the above I would suggest that it is not the UK licences that are the problem but in an age of counterfeiting when you can literally fake anything they are
USA - Form 8606 - Part 1 missing - Hi all, Every year I make one max. contribution to a traditional IRA and utilize the backdoor roth for a conversion. I used turbo tax to prepare 2023 taxes, submitted in February.
The taxation of PFICs is complex, but in summary the two main options are to go with the default method or to elect MTM taxation. The former does not tax unrealized gains but will tax realized gains at the highest published income tax rate, currently 37%, plus compound interest on the gains pro rata’d back to the date of purchase.
My information may be out of date, and I tried *unsuccessfully* to convert my UK licence years before Brexit. I gave up in the end since I don't need to drive in Italy. So hear me out: I went to the local ACI (association of motorists) but got politely turned away. They needed me to join their club membership before they would agree to help me.
Marriage Based Visas - Changing the interview date - How likely is the London embassy to bring an interview date forward. Am pregnant and by the time i go for the interview on the date they have given me, its unlikely i will get an airline willing to take me. Is it best to write to them or call them to explain my
Accountants - ACA to CPA(US) - advice needed. - Hello all, I have been scouring the internet and have not been able to find an answer to my questions - so thought I would give this forum a chance.
Immigration, Visas & Citizenship (Australia) - ACS skill assessment - date/work/graduation confusion - Hello everyone, I have a question regarding the way years and degree are counted for skills assessment and would be very grateful for any information on this matter. I read Skill Assessment Guidelines on ACS