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Posted Thu, 29 Aug 2024 21:14:27 GMT by Pedro Sitt
Hi, before I left HK to start living in the UK, I have segregated some of my savings as a reserve to support my family who remain living in HK and for them to inherit it upon my death. This bucket of savings have generated credit interest and dividends earnings over the year but neither the principle amount nor the interest and dividends generated will be transferred into the UK. Do I still need to report these earnings as foreign income or not, given the fact that they will remain in HK for the rest of my life? Thank you.
Posted Wed, 11 Sep 2024 07:14:04 GMT by HMRC Admin 25 Response
Hi Pedro sitt,
Please refer to:
Remittance basis 2024 (HS264) Updated 6 April 2024
Thank you. 

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