SmallfishBa

Hi HMRC, Thanks. But clause 2 under article 11 states: "...but if the beneficial owner of the interest is a resident of the other Contracting Party and at least one of the conditions mentioned in paragraph 3 of this Article is met, that interest shall be taxable only in that other Party. " 3aii then states one of the condition is "(ii) an individual;". So, in this case, I am not a UK resident and the beneficial owner (me) is an individual. Wouldn't this mean that interest shall be taxable only in Hong Kong? And if it it is only taxable in Hong Kong, do I still need to report it in my self assessment? Thank you.

Hi HRMC. I come from Hong Kong. I am currently living in the UK but I am not a UK resident based on the SRT. I have incomes that make me need to file a self assessment. I also have UK savings interest. I read the double tax agreement between UK and Hong Kong which suggests that UK interest income earned by a HK resident is only chargeable in HK, not in the UK. Do I still need to report my UK savings interest in my self assessment? If I do, it treats it as disregarded income which makes me lose my personal allowance. Thank you.

Hi HMRC, When I match a disposal of shares with those in section 104 holding, will I still need to specify the acquisition date in the my own computation worksheet? If so, since there are multiple acquisition order with different dates, which one should be used as the acquisition date? Thank you.

Hi HMRC. My question does not seem to be related to split year treatment. I wonder if you could look at it again? Many thanks.

Hi HRMC. I am a UK resident with non-dom status. My only income is less than £2000 foreign savings interest. I read Guidance note RDR1. I meet the condition of either 9.12 Exemption for small amounts of foreign income or auto-remittance basis 9.15. 9.13 says "do not need to complete the Self Assessment tax return in respect of your foreign income for that tax year". Would I still need to fill in self assessment SA109 to declare my domicile status? In other words, do I need to file a self assessment at all? Thank you

Hi HMRC. I own HSBC shares listed on Hong Kong stock exchange and BTI which is British American Tobacco (BAT) American Depositary Receipts (ADRs) in the US. Are the dividends I received from these companies foreign income or UK dividends? The dividends received are in Hong Kong dollar and US dollar respectively in my overseas brokage account.

Hi HMRC, Before I moved to the UK, I started a 1 year Fixed Rate Deposit in a Hong Kong bank account. It only pays me interest on maturity. Before it matures, I moved to the UK and later became a UK resident. The fixed rate deposit matured and I received the interest. In my self assessment, I applied for Split Year Treatment. How much of this foreign interest should I report? Would it be the full amount I received on the maturity day or I can split the amount based on the overseas part and the UK part? Thank you.

Hi HMRC, Before I moved to the UK, I have saved a lumpsum of money in Hong Kong dollar and it has been kept in a bank in Hong Kong. I received savings interest so I reported and paid income tax via self assessment since I have become a UK resident. Now, since I am living in the UK, I need to exchange that money to GBP to support my life. Would such a transaction have any CGT implication? That lumpsum may be large but the purpose of converting it into GBP is not for any gain from FX rate movement. If it is considered as a gain / loss, how would one determines the acquisition cost since that money has never been in GBP before and it was accumulated in many years and it was before I became a UK resident. Thank you.

Hi, I read that deemed domicile is only for tax purposes. Does it mean a deceased who is neither domicile of origin nor domicile of choice of the UK will not follow UK intestacy rule even though he/she was a deemed domicile at the time of death?