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Posted Thu, 12 Sep 2024 09:54:09 GMT by WL0815
I am an overseas resident and invested in certain bonds issued by UK companies and non-UK companies. I purchased the bonds through overseas banks. I am expected to become a UK tax resident this year, but will claim remittance basis for all overseas income. I would like to know whether the interest income from the UK bonds but deposited directly into my overseas bank accounts will be covered by the remittance basis. Thanks!
Posted Fri, 20 Sep 2024 15:23:40 GMT by HMRC Admin 32 Response
Hi,
If you claim the remittance basis in your tax return, you still need to declare all of your UK based income / capital gains, as these remain taxable.
Thank you.

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