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Posted Fri, 06 Dec 2024 17:48:30 GMT by Michael Jordan
Hello, I am a US citizen. I moved to the UK last year on a student visa and am trying to figure out whether I need to file a tax return for the 2024 tax year. Pior to moving to the UK, I was employed through June 30th at which point I left my job. I also made some stock sales prior to moving to fund my living expenses (I sold these stock at a loss and so accrued ~500 GBP in capital losses). In September 2023, I moved to the UK on a student visa. Because I lived in the UK for > 183 days during the April 6 2023 - April 5 2024 tax year, I believe that makes me a UK resident. Since moving to the UK, I haven't worked, but have had the following income: 1) < 100 GBP in interest. 2) ~6000 GBP in dividends. 3) ~4000 GBP in capital gains from stock sales. I assumed that I needed to pay tax on this income, so I notified HRMC and they sent me a notification and UTR number in the mail. However, I'm now wondering whether I need to pay taxes at all. I see here that I don't need to pay taxes on foreign income or gains if they're less than 15000 GBP: https://www.gov.uk/tax-foreign-income/study-in-the-uk So, I have some questions: 1) Do I need to file a tax return at all? 2) If I don't, how should I notify HRMC given that I previously notified them that I though I did have to? 3) If I do need to file a tax return, do I need to declare my income from my job outside the UK in April/June 2023? Thanks! - Mike
Posted Mon, 09 Dec 2024 09:20:52 GMT by HMRC Admin 34 Response
Hi,
You can check if you need to send a Self Assessment return at:
Check if you need to send a Self Assessment tax return
Thank you

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