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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.
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.
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.
Thank you for your reply.
and just follow up.
Do I also need to declare "capital" in self assessment?
Thanks for advise again.
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.