Foreign income in self assessment

Would be grateful if someone could advise where I might enter the following two sources of foreign income on the online form. 1. I hold US stocks with a US brokerage firm. I allow them to lent my stocks out and in return I'd be paid interests. This isn't savings interest. And there seems no suitable place to enter this on the foreign section in the online form. 2. Dividends from a non-reporting fund. I know there is different treatment for the disposal of non-reporting funds. But if it's merely dividends, could I just enter it in the dividends section?

Hi,

Yes, you will declare as dividends to ensure they are taxed at the correct rate.

Thank you.

Following up on your reply, am I correct to understand as follows: “ 1. I hold US stocks with a US brokerage firm. I allow them to lent my stocks out and in return I'd be paid interests. This isn't savings interest. And there seems no suitable place to enter this on the foreign section in the online form.” This should be reported as “Interest and other incomes from overseas savings.” “ 2. Dividends from a non-reporting fund. I know there is different treatment for the disposal of non-reporting funds. But if it's merely dividends, could I just enter it in the dividends section?” This should be reported as “Dividends from foreign companies”.

Hi,

1. If it is paid as interest it should be declared as such.  
2. As this is classed as dividends, yes it should be on the foreign page for dividends as diffrent rates apply to different countries.

Thank you.

Hi, I have a saving bank account in Hong Kong in which every month it was credited with interest of just around HK$1 or even less in some months. Do I need to file self assessment for such foreign income? Thank you

Hi,

If you are in receipt of income from outside the UK, you must complete a tax return, even if your combined UK and foreign interest is below the taxable threshold. 

Check if you need to send a Self Assessment tax return

Thank you.