Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Wed, 27 Nov 2024 19:16:58 GMT by eikkub
Can you please clarify the disregarded income for non resident? As a non resident landlord, it’s clear that filling will be done and tax paid, if any is due after applying personal allowance. However, I want to confirm what happens with interest earned from savings in a UK bank account while being non resident. The HS300 guidance appears to suggest that no tax is payable on savings interest and Investments earned in the UK (for a non resident) as long as it is not attached to a trade. Can you please clarify this. Does one still need to declare interest on savings earned in a self assessment even when it is a disregarded income? Or Will the self assessment in this case be for the rental income only? Thank you
Posted Wed, 04 Dec 2024 10:12:21 GMT by HMRC Admin 17 Response

Hi ,
 
You still need to declare all UK income in the return as its still taxable.

By completing the residence page to show as non resident, this will determine what,
if any, income is disregarded  .

Thank you .

You must be signed in to post in this forum.