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Posted Sat, 21 Jan 2023 22:10:54 GMT by peace_purple123
Assume I have NRE Interest of £3000, how do I fill Section : "Interest and other income from overseas savings" and apply Personal Savings Allowance /interest tax-free i.e. £500 on it ? Should I deduct this and fill £2500 in the field "Amount of income arising or received before any tax taken off:" ? Please explain right steps
Posted Tue, 24 Jan 2023 15:35:03 GMT by HMRC Admin 2
Hi,

You declare the full amount of interest received and the savings rate is applied automatically, based on other information in the return.

Thank you.

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