subtax

I am an uk resident and pay tax here. it seems my interest income is more than 500 pound this year and i have to pay tax. my interest income allowance is 500 pound as my tax bracket is in higher category. i has some uk interest income. i also has NRE account savings income. i know i dont have to pay tax in india but i have to pay tax on this in UK. how can i get 15% tax relief on that and how to declare it in self assessment? as an example, if my NRE interest income is 800 and i have to pay tax of 200, then how 15% tax credit is calculated ? is it i dont have to pay 200 * 15% = 30 pound and only have to pay tax as 170 pound? do, i have to declare one self assessment form and declare all kind of capital gain details?

I have sold a property in india in 2024 around 15th april. i am an uk resident and pay tax in india. the net capital gain seems a loss after calculating indexation. but i believe i still need to report it now as self assessment form as financial year ended now on 5th april 2025. can you please advise how can i file self assessment for this sale for financial year 2024-2025? also, can you please share from where i can get the link for forex rate calculation so that i can convert INR to pound and report in self assessment form?

Thank you. but this link talks about liability to UK tax on any remittances (amounts) of foreign income and gains that I remit to the UK (see below for what we mean by ‘remitted to the UK’). In this case, i am not remiting this interest to UK, it will remain in my NRO account. i may bring those in future to UK, but not this year or next year. so, do i still need to pay tax on this in UK using self declaration next year and i will get some credit i.e. 30pc in UK as i have paid 30pc tax in india already?

I live in UK since last 2 years and i have an NRO [NOT NRE] or non resident ordinary account in india. I already pay 30 percent income tax to indian government on any interest earned from fixed deposit held in that acount. 1. as i am in 40 percent tax bracket in UK, do i need to pay additional 40-30 = 10 percent tax in UK as self declaration? 2. Or, I have to pay another 40 percent tax to UK government and show the reciept of 30 percent tax paid to Indian governemnt to get some credit? what proof is required for this - could you please suggest entire process. in any case, do the total interest paid to UK and Indian governement can exced 40 percent?

I have a CASH ISA account from last year and i was saving in it till May 2024. After that, i have opened a new CASH ISA with another provider for better interest rate. Can i still continue saving in both Cash ISA? Or i should close old one and transfer my money to new Cash ISA and use the new one only for future savings? With new rules in 2024, can i open a new stocks and shares ISA this year and operate it alngwith my old/new CASH ISA?

I live in UK and work from here for UK company. I used to send money to India from UK in my NRE account. I have earned around 800 pound interest in NRE account in last UK financial year. Do I need to pay tax in UK for this amount in case i want to bring the money back to UK now or paying tax is required only when interest income is beyond 1000 pound in an year? If i need to pay tax in UK, then could you please share the process how can i pay tax for this in UK? Also, NRE interest is not taxable in india. But while paying UK tax for this interest, can i still apply 15 percent credit as per DTAA agreement?