Brother_Luke

Hi, Sorry, although the link you provided does direct me to fill in SA106"Other overseas income and gains" in order to report non-reporting offshore funds BUT it does not mention the section titled SA106"Foreign tax paid on employment, self-employment and other income". (Just to clarify, this is nothing to do with employment income, just the process for reporting offshore non-reporting funds as income and claiming FTCR. I would like to know if I also need to complete SA106"Foreign tax paid on employment, self-employment and other income" if I want to claim FTCR.)

Thanks. Just a last practical follow up for filling in the Self Assessment form online: Can you confirm whether I also need to fill in the foreign section called "Foreign tax paid on employment, self-employment and other income" to identify this particular income's claim for FTCR OR can I just put the figure into box 2? Thanks

Hi yes I did look at the guidance. Unfortunately, it didn't contain that information. Nor was there any clear guidance on Self Assessment submission. I tried calling HMRC but the queue is seriously long. I only need to work out where to declare the tax paid on sale of non reporting mutual funds on the SA form and whether it qualifies for FTCR. I can then submit my Self Assessment. Thanks,

Hello. This year I am trying to add sales of overseas non-reporting mutual funds to my SA. I understand this will be taxed as income not CGT. Please could you clarify where on the online SA form I would put this and how do deduct the tax I paid on it overseas. For example I had a gain of £2000 on which I paid £200 tax. On Box 52 of ‘Overseas Income and Gains’ there is only a box for ‘Gains’ and no mention of tax paid. Can I use ‘Interest and Other Income from overseas’ in foreign section instead where I am able to specify the tax paid? As it is not charged to CGT - does tax paid on non-reporting funds qualify for income FTCR? Thank you