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Posted Wed, 14 Aug 2024 00:42:21 GMT by SmallfishBa
Hi HMRC, Before I moved to the UK, I started a 1 year Fixed Rate Deposit in a Hong Kong bank account. It only pays me interest on maturity. Before it matures, I moved to the UK and later became a UK resident. The fixed rate deposit matured and I received the interest. In my self assessment, I applied for Split Year Treatment. How much of this foreign interest should I report? Would it be the full amount I received on the maturity day or I can split the amount based on the overseas part and the UK part? Thank you.
Posted Tue, 27 Aug 2024 14:53:34 GMT by HMRC Admin 10 Response
Hi
It is the full amount on maturity as this is paid when you are in the UK.

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