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Registration of Overseas Loan for Tax with HRMC

Answer
Framk Binnie
Posted Wed, 30 Oct 2024 02:32:27 GMT by Framk Binnie
I am a UK Citizen and worked in the Philippines from 2012 until my retirement in 2020, currently I am still living in the Philippines but intend to permanently return to live in the UK in 2025. On retirement I advanced funds for property investments in the Philippines from my UK GBP Savings account and from my Philippines USD account. The loans will be due for repayment next year, either directly or upon the sale of the properties. How do I record the loans with HRMC so that when repayments are made and I am resident in the UK, I will not be taxed on the repayments.?
Answer
HMRC Admin 19 Response
Posted Tue, 05 Nov 2024 12:27:12 GMT by HMRC Admin 19 Response
Hi,
We can only provide general information and guidance in this forum. For an answer to a detailed question of this nature, you would need to contact our Self Assesment team or consider seeking professional advice.
Self Assessment: general enquiries
Thank you.

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