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Posted Mon, 23 Sep 2024 08:58:56 GMT by Ortho
I am a UK tax resident and have bank interest income from a bank in Australia. The Australia government has already deducted 10% of the interest as tax. According to the double taxation agreement between U.K. and Australia, can I claim relief for the tax I have already paid to Australia? if yes, how and where can I do it in the tax return?
Posted Wed, 02 Oct 2024 07:12:47 GMT by HMRC Admin 25 Response
Hi Ortho,
On SA106
Self Assessment: Foreign (SA106) EnglishCymraeg
Enter the gross interest received and the tax deducted on page F2, in the section for 'Interest and other income from overseas savings'.
In an online tax return, tick 'yes' to foreign income in page 1 of 3, when tailoring your return.
In the section fill in your return, click on foreign income and tick the box 'Interest and other income from overseas savings' and save and continue. Enter the gross interest and the tax deducted.
You can claim a foreign tax credit of up to 100% of the foreign tax paid.
Thank you. 

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