Recent UK resident

I have a question. In tax year April 2023 to April 2024 I have become a new tax resident in UK but not received any income (as in a salary, interest, dividends or any other form of gains) from either UK or any other country since I live on past savings. Am I required to send in a self assesment form for this year?

Hi 

Savings from past income arising from tax years when you were not UK resident, are not taxable.  Any interest your savings generate is.  
If your savings are outside of the UK, then this is foreign interest and a tax return will be required, as foreign income is a trigger for a tax return.  
If the interest arises in the UK and is over £10000, then a tax return is required.

Thank you

Hi, Thanks for response. To clarify on above - when I bring in my savings from abroad I will not be taxed on the capital but on interest the savings generate in bank? Assuming I am using arising basis of tax. Again assuming i am using arising basis I will be taxed on any interest on savings abroad. Please confirm if above is correct. Thanks

Hi Joglenscowen,
You are correct. 
Thank you.