Income from Hong Kong Property and life insurance

Problem 1: I received some rental income from Hong Kong for the year of assessment 2022/2023, I will apply split year treatment and to be UK resident after I arrived UK. My problem is the property tax from Hong Kong is not yet paid within the period from 4/2022-3/2023, just tax payable in Hong Kong. Can I claim the foreign tax relief? Problem 2: My life insurance is terminated before I arrived UK and the refund from insurance is banked into my bank account after the date of arrival, is it non-taxable? or use time proportion deduction? Case 2: My wife's life insurance is terminated after she arrived UK and the refund from insurance is banked into her bank account after the date of arrival, is it non-taxable? or use time proportion deduction? Thank you very much.

Hi,

1. If not yet paid then no. you can amend the return at a later date to claim foreign tax credit relief.  
2. No, as it was actually done prior to arrival.  

For your wife, is this the MPF fund? If yes, then this is not taxable in the UK.

Thank you.

Thanks for your reply. For Problem 1 -that means I can amend the return and claim Foreign tax credit relief fore Y/A 2022/2023 after I paid the property tax after May 2023? For Problem 2 -My life insurance refund is not taxable, even bank in after the date of arrival in UK? -My Wife's life insurance refund is taxable, but she can use the time proportion deduction to reduce the gain from insurance and put the reduced figure in SA106 Box 43, Right?

Hi,

1. That is correct.    
2. That is correct too.  
3. If it is a MPF fund then this is not taxable income in the UK.

Thank you.

I have a similar case, I have rental income from Hong Kong Property and I already filed tax return in HK, but HK-IRD will calculate the tax amount around November 2024 which is after the deadline of paper tax return in UK (31 Oct 2024, because I will apply split year Treatment). I like to clarify with you/HMRC, in this case, if I want to claim Tax Credit Relief, I couldn't submit the form SA106 together with my tax return SA100. But I could amend my 23/24 tax return after I paid HK tax. Could you suggest the deadline for amending tax return and what form I should submit? Thank you!

Hi As you are opting for a paper return, the UK return must be filed by 31/10. You can leave out the foreign tax credit in order to meet the deadline and once you have the details submit an amendment. You have until 31/1/26 to do this and the amendment must be in writing. Thank you

Thank you for your reply! May I confirm if I should submit the form SA106 for written amendment when i have details? Thank you again!

Hi CAMI,
You can either submit an amended supplementary page, showing the amended box entries.  You can also submit a letter, that quotes the box numbers to be amended and the value to go in those boxes.
Thank you.

Dear Admin 21, Thank you very much for your reply! Best,