Negative interest on foreign deposit

Good day, I am resident and tax-resident in the UK, but have some foreign short term deposits that earn interest, which I declare on my tax return. In recent years though, these deposits earned negative interest, ie I had to pay. Can I offset these negative interest receipts (=interest payments) from recent years with interest earnings made on same deposits in 23/24 tax year? Thank you.

Hi,

You can refer to the following guidance to see if you meet the conditions:

HS340 Interest and alternative finance payments eligible for relief on qualifying loans and alternative finance arrangements (2024)

Thank you.