SRK1

On a TTFAC can you clarify whether the field "Total standard allowance used for benefits in payment prior to 6/4/24" (a percentage) refers to the total value of the Benefit Crystalisation Event (BCE) or just the tax free amount. This relates to a Defined Benefit pension where no tax free amount was taken. Thank you.

Note also the response to the question “Foreign income across two tax years” posted by DL2024.

INTM161220 suggests that income & tax from income should be apportioned. (Root income basis). Can you please confirm which is correct.

Hello I need to declare foreign income & tax from employment in Australia relating to the July 23-June 24 Australian tax year . Should I declare this entirely in the 2024/25 UK tax year or apportion the earnings and tax over 2023/24 & 2024/25 UK tax years. Thankyou

Hello I moved from UK to Australia in Oct 2023 to start full time employment. It would seem Split Year Treatment Cases 1 & 3 apply. I plan to return to the UK mid 2025. I will contine to work full time abroad throughout financial year 2024/25 so the SRT Third Automatic Overseas test will apply. My question relates to what happens if my circumstances change after I have submitted my 2023/24 Tax Return (claiming spit year treatment) and I have to return to the UK early. I will no longer meet the third automatic overseas test and hence no longer be non-UK resident. I will no longer meet the criteria for split year treatment in 2023/24 but only after I have submitted the 2023/24 tax return. How would I correct this matter? Many thanks.