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Posted Sun, 03 Sep 2023 11:03:06 GMT by kphk2022 lo
Hi, I am not a UK resident, and as a NRL landlord, I solely owned a UK property under my name, and earned a rental income. I know that I need to pay the income tax, about this rental income. Other than above mentioned, each month, this rental income would also be deposited to my UK bank account, which would accumulate bank interest. My question is 1) Do I need to report this UK bank interest if the interest in the range of the following cases, for the whole tax year? 1.1) GBP 1-100 1.2) GBP 101-1000 1.3) GBP 1001-2000 1.4) GBP 2001-5000 2) If the answer is yes for the above 4 cases, what the tax payable for each case? 3) Does the total amount of UK bank interest during the tax year put in the box 1 on page TR 3 in SA100, if item 1 is yes? Thank you very much!
Posted Wed, 06 Sep 2023 11:53:29 GMT by HMRC Admin 19 Response
Hi,

Yes, you need to declare the interest. The tax due depends on your level of income received. You can see guidance here:

Tax on your UK income if you live abroad

Thank you.

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