H Leung
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NEST CONTRIBUTION IN SA100
Hi HMRC, This is my first Self Assessment. Do I have to enter the amount of "my contribution" and "relief claimed from the government" in the pension scheme part of SA100? Thank you. -
Saving Interest, Forex Trading, Split Year
Hi HMRC, 1. What should the saving interests from the bank overseas be regarded as in the (personal tax) self assessment? Income(SA100)? Overseas Income(SA106)? 2. What should the saving interest of GBP and USD (respectively) on an American (but UK-registered) online trading platform, Interactive Brokers (UK), be regarded as in the self assessment? Income(SA100)? Overseas Income (SA106)? or Capital Gains(SA108)? 3. What should the profit from spread betting in Forex Trading on Interactive Brokers (UK), be regarded as? Overseas Income (SA106)? or Capital Gains(SA108)? 4. What if we made profit from forex trading in the tax year 2023~2024, but suffer from a loss in the tax year 2024-2025 more than the gains in tax year 2023-2024? Does "Allowable Losses" apply in this case? Can both saving interest and gains from forex trading be regarded as Gains, when calculating the net gains/losses by deducting the allowable losses? 5. We had never been to the UK before. We entered the UK in mid-May 2023 and spend a month in Airbnb. We moved to our first residence in the UK in mid-Jun 2023. Is it the day when our tax year begins (split year treatment applies)?