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Posted Sun, 31 Dec 2023 14:52:25 GMT by
Hi, I'm UK tax resident with remittance basis, I didn't remit any of my oversea asset. However I own an oversea brokerage account which paying interests on my idle GBP cash. Is this GBP interests income considered to be UK tax liable, even though I didn't bring in them? If I have to report it, which form should I use? SA106? Thank you.
Posted Tue, 09 Jan 2024 14:58:19 GMT by HMRC Admin 5
Hi

As it's an overseas account, this is foreign income albeit paid in sterling, and if not remitted to the UK then you do not need to declare it.

Thank you

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