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Overseas bank interest income

Sea9 See
Posted Fri, 01 Mar 2024 13:13:55 GMT by Sea9 See
If I choose for the arising basis method to settle my UK income tax for the interest income from overseas bank fixed deposits, will I be able to remit this fund to the UK in the future without being liable for further taxation?
HMRC Admin 8 Response
Posted Tue, 05 Mar 2024 08:35:30 GMT by HMRC Admin 8 Response
Hi,
If you mean the actual capital from the fund, yes.
Thank you.

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