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  • RE: Mixed fund and money transfer of foreign bank account

    Hi, Many thanks for your reply. And sorry that I just confirm on it. In my understanding, I only declare and pay tax on "interest", no need to declare and no need to pay tax on "capital" in coming tax return (5 April 2022) even I bring/transfer all money (mixed fund including interest and capital) from IOM bank into UK bank this tax year 2021-2022? Am I correct? Thanks again for great help.
  • RE: Mixed fund and money transfer of foreign bank account

    Thank you again for your information. Is it only declare "interest" and do not need to declare "capital" in tax return on 5 April 2022 even I transfer all money (including interest and capital) from IOM account into UK bank account in tax year 2021-2022? Thanks a lot.
  • Declare income of self-assessment return

    Hi, I have question about declare income. Because my parents transfer money as a gift and I also received the refund from the company in Hong Kong send to my foreign bank account, should I need to declare as foreign income? And I have the Mandatory Provident Fund in Hong Kong but I can’t take any money from this account, therefore the money remains in Hong Kong. Do I need to declare in self-assessment return in terms of foreign income (Pension part)? Thanks for advise.
  • RE: Mixed fund and money transfer of foreign bank account

    Thank you for your reply. and just follow up. Do I also need to declare "capital" in self assessment? Thanks for advise again.
  • Mixed fund and money transfer of foreign bank account

    I have question about income tax. I have saving account in Isle of man, and already deposited money (only capital) into this account before I become UK resident. And earned some interest when I am UK resident. Is it clarify as mixed fund? Do I need to cleanse the mixed fund if my bank account statement which can identify “interest” and “capital” part? If I transfer/bring money (included capital and earned interest) from Isle of man saving account to UK bank account after I become UK resident (i.e stay over 183 days). Is it only pay tax on earned interest? And no need to pay tax in my capital part? Do I need to register for self-assessment to declare “interest” part if I earn interest from my oversea saving account? Thanks for advise.