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Posted Fri, 03 May 2024 12:43:00 GMT by TTT
Hi HMRC, I am a sole trader in the UK and I also have a sole proprietorship registered in HK under my name. I live and work in the UK now for both of my businesses (the nature of both businesses is website design). My UK clients pay GBP into my UK personal bank account and my HK clients pay HKD into my HK business bank account. 1) Is it correct that my HK income is not foreign income so I don't need to use SA106? 2) Is it correct that I can convert the HK income into GBP using the official UK exchange rate and combine it with my UK income, then file SA103? 3) I also have personal bank account in Hong Kong where they give me saving interest. Do I need to report this saving account interest, even though it is in my personal, not my business, account? Thank you.
Posted Mon, 13 May 2024 09:53:18 GMT by HMRC Admin 32 Response
Hi,

Yes to all 3 points.

Thank you.

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