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Posted Wed, 14 Aug 2024 13:39:40 GMT by Sschan
I'm under BNO visa, I'm unemployed. I've got saving interests in my Hong Kong bank account which is less than £60 a year. Do I need to submit the self assessment tax return for reporting that? My family member has sent money to me as a gift. Do I need to report that as an income?
Posted Wed, 28 Aug 2024 10:50:01 GMT by HMRC Admin 8 Response
Hi,
The gift from your family member is not taxable in the UK, but your interest from your Hong Kong bank account is.
Thank you.
Posted Thu, 29 Aug 2024 16:04:36 GMT by John Cragg
I have inherited an IRA from my mother , I understand that this is foreign income but where do I record it as it is not interest only but the whole sum

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