Foreign interest and dividends

Hi, The tax return notes stated that the amount of foreign interest and dividends up to £2,000 can be put in box 3 and box 6 on page TR 3 of the SA100 tax return. However, these boxes belong to the section called “Interest and dividends from UK banks and building societies”. Can you confirm if they are the correct boxes to put the amount of foreign interest and dividends up to £2,000 from non-UK accounts or non-UK banks? Thank you.

Hi,
 

The Foreign interest and dividends should be included on the SA106 on page F2.

Thank you.

Hi, Does it mean that foreign interest or foreign dividends received in non-UK accounts or non-UK banks should be put on the SA106 instead of the SA100 even if they are £2,000 or below? Thank you.

Hi,

If your only foreign income is from interest or dividends below £2000, you can put these amounts in box 3 and box 5 on page TR3 of the return instead of completing the foreign page.

You do not need to complete both.

Thank you.

Hi, I am sorry that I may need further clarification. Box 3 and box 5 on page TR3 of the SA100 belong to the section called “Interest and dividends from UK banks and building societies”. If the foreign interest and dividends are NOT from UK banks and building societies (for example, they are in a foreign account), is it correct to put the amount in these boxes? Thank you.

Hi C K Chow,

If your intererst is not from a UK bank account then you would complete the SA106 and enter the savings income on page F2.

Thank you.

Hi, Thanks for your clarification. I will then put the interest and dividends that are NOT from UK banks and building societies on the SA106.

As stated as above, if I received the foreign interest or foreign dividends in my non-UK accounts or non-UK banks, when I am a Tax-Resident. And the total foreign interest and foreign dividends are less then £2,000. I have to fill in the SA106, Page F2, "Interest and other income from overseas savings" & "Dividends from foreign companies". Then I have a several questions: 1. On the SA100, page TR2, Box 5. Foreign, should I put "X" in the "Yes"? 2. On the SA100, Page TR3, do I require to fill in any boxes in "Income" part? or just leave it blank? 3. On the SA106, Page F2, should I fill in the part of "Income from overseas sources"? 4. If the total amount of interest in a foreign account within a tax year is less than £1, do we still need to report to HMRC and fill in any form? Thank you

Hi
If your only foreign income was untaxed foreign interest (of up to £2,000), put the amount (in UK pounds) in box 3 instead of filling in the ‘Foreign’ pages.
You must put the name of the country where the interest arose in ‘Any other information’ on page TR 7.
If it was more than £2,000, you’ll need to fill in the ‘Foreign’ page.
If this applies you do not need the SA106.
Full guidance on how to complete your return can be found at:
Tax Return notes
Thankyou.
Regards.

Hello, I received the dividends which were made by foreign securities of company shares. I bought those securities from the stock market. The total of foreign dividends was more than £2,000. I have to fill in the SA106, page F2, and there are many rows on page F2. Am I correct if I put the amount on page F2 "Remittance foreign dividend income"?

Hi,

At the top of page F2 of the supplementay form SA106, the columns are marked 'A' Country or teritory code, 'B' Amount of income arising or received before any tax taken off and 'C'  Foreign tax taken off or paid.  Under the section for dividends from foreign companies, you would show the entries for A, B and C.  

A list of the country codes can be found here:

Self Assessment: Foreign (SA106)

Thank you

Hello! I earn a small amount of interest from Australia, say £100 max. I pay withholding tax of 15 percent on it. In the uk we are allowed to earn like £1.5k interest tax free. Can this £100 be included in this allowance? And can I claim back the tax I’ve paid in Aus? I have been here over ten years, so domiciled here Thank you very much 

I am wondering if there is an error in Tax Return notes as below: Page TGR 3: at section 5. Foreign, the second bullet - it mentions “put this amounts in box 3 and box 5 on page TR 3 of your tax return”. I believe it is box 6 but not box 5. Typing error? Please advise. Thank you very much indeed.

Hi,
 

Yes the savings allowance £1000 can cover this but you still need to declare it. HMRC cannot refund tax from another country as this can only be used to set aginst any UK tax for the same source of income . Thank you.

Hi Mabel F,

You are correct, it should be box 6.

Thanks for your feedback.

Hi May I know if I only have little amount interest and dividend from non-UK bank, like the Bank in Hong Kong, when I fill in the self assessment form , which form should I use, SA 100 TR3 box 3 and 6 only? or SA106 "Foreign" (as F2 have different items, like remitted foreign savings income/ interest and other income from overseas saving). Because there is different answers from HMRC Admin in this article, like interest and dividend under 2000 pounds in a year, Admin 17 and 20 said should fill in SA106 Admin 2 and 10 said should fill in SA100 TR3 May I know which one is correct Thanks a lot

From this article, there are different answer for which form should be used. like Admin 2 and 10 said we should fill the SA100 Admin 17 and 20 said we should fill the SA106 May I know which one is correct if the foreign interest and dividend from non-Uk bank is below 2000 pounds.(like from the bank in Hong Kong) Thanks a lot

Hi HMRC, If I have foreign interest and foreign dividend both below £2000. And I would claim foreign tax credit relief on foreign employment income. Should I fill the interest and dividend in SA106 instead of SA100 and TR7? Thank you.

Hi BenBen28,

If you have foreign untaxed interest below £2000.00 and/or untaxed dividends below £2000.00, they can be entered in box 3 and 6 of SA100.  
If you have foreign interest and or dividneds that had foreign tax deducted, you enter this on SA106 section on ""income from overseas sources"" instead.  
You can then claim foreign tax credit relief for the tax already paid.

Thank you.

Hi Teddy Lo,

If foreign tax was deduced from the interest and dividends or they are each greater than £2000.00.

You need to show then on the SA106, otherwise, they can be shown on page TR3 of SA100.

Thank you.