daniel fok
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RE: Question on UK bank interest for non-resident submitting self-assessment with property tax
Dear Sir / Madam, I do have a follow up question on this. For the property tax, I am eligible for the personal allowances applied in tax calculation. According to HS300 Non-residents and investment income (2024) item 2, Does it mean that personal allowances will no long be eligible if I have interests from bank deposit? https://www.gov.uk/government/publications/non-residents-and-investment-income-hs300-self-assessment-helpsheet/hs300-non-residents-and-investment-income-2024 Looking forward to your reply. Many thanks. -
RE: Question on UK bank interest for non-resident submitting self-assessment with property tax
Thank you so much for your response, which answers my question clearly. -
Question on UK bank interest for non-resident submitting self-assessment with property tax
Dear Sir / Madam, I am a non-resident but I have property rented out in UK. Every year I will be filing Self-Assessment for tax. Last year, due to interest rate rise, I am also starting to receive interests from my bank account in UK. Although I am aware that if the interest amount is less than £10000, no Self-Assessment filing is required for non-resident (from other Q&As in this forum and I might be wrong), I would like to ask given that I am filing Self-Assessment for the property rent income, do I need to also report the interests that I am now getting from bank, even though it should be less than £10000? Thank you for your help and looking forward for your reply.