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Posted Mon, 03 Jun 2024 21:47:30 GMT by TC
Hi, I am currently a BNO visa holder. If I have foreign income from property that I own. is it correct that I still have to have the self assessment tax return to declare the income but can claim back the amount of tax that is already paid in Hong Kong? Thanks
Posted Thu, 06 Jun 2024 07:15:11 GMT by HMRC Admin 25 Response
Hi TC,
You are correct. you can claim Foreign Tax Credit Relief to reduce any UK tax bill in respect of the rental income.
The relief due cannot exceed the amount of UK tax for the same source of income.
Please see guidance here:
Relief for foreign tax paid (Self Assessment helpsheet HS263)
Thank you. 

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