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Posted Tue, 17 Oct 2023 12:22:15 GMT by
Hi HMRC Admin, I have an offshore bank account in a UK bank. I made time deposits and received bank interests after maturity. I made HK dollars and US dollars time deposits so that I received bank interests in HK dollars and US dollars respectively. Could you please help to advise me that are the bank interests treated as foreign bank interests (foreign income) or UK bank interests (UK income) when I report self-assessment tax return? Thank you. Best regards, Pisces
Posted Thu, 19 Oct 2023 13:27:46 GMT by HMRC Admin 20 Response
Hi Pisces CHOY,

If the bank account that paid the interest is a UK bank account then this is UK bank interest.

Thank you.

 

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