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Posted Thu, 01 Aug 2024 08:21:25 GMT by AA L
Hi For remittance basis, do I need to pay income tax on coupon received from UK corporate bonds that is not remitted to the UK? The UK corporate bond is booked in an overseas bank account. Thank you
Posted Mon, 05 Aug 2024 12:50:04 GMT by HMRC Admin 10 Response
Hi
As this is a UK source of income this would still need to be declared.
Posted Wed, 21 Aug 2024 08:24:11 GMT by AA L
If I remit this income (UK corporate bond coupon interest) to the UK, do I declare the income under "remitted income" or "UK income"? I want to make sure I don't declare twice and being taxed twice. Many thanks
Posted Wed, 04 Sep 2024 12:02:29 GMT by HMRC Admin 19 Response
Hi,

If it is a UK corporate bond, it is UK income and taxable here.

Thank you.

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