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Posted Tue, 31 Jan 2023 17:25:03 GMT by WLA
I am a non-UK resident. As I do not meet any of the conditions set out in note 3 to Guidance notes for Form R43 (2022), I would not be entitled to the tax allowances available to UK residents. Does it exclude me from all allowances or just the Personal Allowance (£12,570 for 2022-23)? Will the first £5,000 of my interest income enjoy the starting rate for savings income as other UK-residents? Will I be entitled to any of the interest allowance of £1,000 (for basic-rate payer) or £500 (for higher-rate payer), dividend allowance of £2,000 and Capital Gain tax-free allowance (£12,300 for 2022-23)? Thank you for your clarification.
Posted Mon, 06 Feb 2023 12:06:02 GMT by HMRC Admin 32
Hi,

Please refer to HS300 for a detailed explanation of how UK investment income is taxed if you are non-resident.                                              

HS300 Non-residents and investment income (2021)

Thank you.

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