Sole Trader UK and abroad

Hi, I'm a UK resident. I am a sole trader here in the UK and in Hong Kong. The nature of the business is exactly the same (i.e. I work on UK soil for my UK and Hong Kong businesses). For context: 1. For my Hong Kong business, the income and expenses are in HKD and is paid into/withdrawn from my bank account in Hong Kong. I keep the profit in HKD in my Hong Kong bank account without transferring it into my UK bank account. 2. My Hong Kong income is really little (~GBP500 only in total for tax year 23/24) and I definitely won't be taxed there – i.e. I don't need to claim foreign tax credit relief here in the UK My questions: 1. When filing my self assessment, do I simply declare the combined profit (i.e. GBP + (HKD x GOVUK exchange rate of those specific months)) on SA103? 2. Since the nature of my two businesses is the same, is it true that my Hong Kong income is NOT considered foreign income (i.e. I don't need to use SA106)? Thank you.

Hi TTT,
You are correct for both.
Thank you.