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If I remit this income (UK corporate bond coupon interest) to the UK, do I declare the income under "remitted income" or "UK income"? I want to make sure I don't declare twice and being taxed twice. Many thanks

Thank you

For the director's loan lent to the company that is a new start-up, (1) for the interest income earned from the "director's loan" which would be placed as "deposits", is it treated as "trading income" for corporation tax purpose? (2) as the director's loan is interest free, do I need to pay income tax for the interest income generated by the company under my own self assessment? I'll only receive dividend if there is any profit. (3) can I offset the "deposit interest income" by the expenses used to set up the business (advertising, equipment, staff salary, training)? As the business is a new start up, there is a high possibility that there is no or very minimal income from the business in the first two years. Income from the company would therefore mainly or solely from the interest earned from the deposit (the director's loan). Thank you

I have an offshore solely-owned private unlimited company which is set up for investment and providing consultancy services. For the investment income or capital gains received by the company, and for the savings interest received by the company, do I need to report as personal income in addition to the corporation tax? I understand if the company pays me dividend, I'll need to pay tax. However, I don't know if the company's investment receives income, do I need to report as personal income tax + the corporation tax. That would mean I need to pay twice. As this is an offshore company, corporation tax is also paid in the overseas country. I understand there is a tax treaty between UK and that overseas country, how do I report the tax I paid in the overseas country? Thank you

Hi For remittance basis, do I need to pay income tax on coupon received from UK corporate bonds that is not remitted to the UK? The UK corporate bond is booked in an overseas bank account. Thank you

Hi HMRC, Thank you. Am I correct to say that: 1. Income from a UK corporate bond kept offshore (in a non UK financial organisation) can be treated as non UK source of income as the income is received and kept offshore. 2. For income tax reporting purpose, I only need to report the tax based on my own circumstances, and the fact that the bond was transferred to me from my spouse is not relevant. Thank you

My spouse had gifted me a UK corp bond which is now in my non UK account. My spouse reported income on an arising basis, and I report income on a remittance basis. For the coupon income received from this UK corp bond, I would not remit it to the UK. In this case, is it correct that the income is not taxable as long as I have not remitted it to the UK? And, I just need to declare the income in the non remitted item on the SA109 form? For my spouse, is there any reporting he needs to do? Many thanks

Hi HMRC, For capital gain that is not remitted, do I need to fill the SA108 form? Or I just need to provide the details in SA109? Many thanks

Hi HMRC, I understand there is a allowance for casual income (freelance, part time job) of GBP1000. If I earn a casual income of less than GBP1000 in the UK, and I am filing tax on a remittance basis, do I need to file this casual income? If so, where should I put on the form? Many thanks

Hi HMRC, May I check if the following understanding is correct? Income for 23/24 Summer job (3 weeks): GBP1500 (already deducted tax and NI automatically by the employer via Paye) Interest income: GBP100 from both UK and overseas bank accounts Capital gain from stock A: GBP100 Capital loss from stock B: GBP50 (but repurchased within 30 days and the holding is kept until now) A self assessment tax return filing is required despite the fact that my employer has already deducted tax via PAYE, and the total income is below the GBP12570 threshold. In the tax return, salaries, interest income and capital gain from securities A should be filed. For the capital loss of stock B, it should not be reported or filed as it was repurchased within 30 days. Many thanks