Vincent

Hi HMRC, I would like to ask on behalf of my wife. My wife is UK tax resident and her dad who lives in Hong Kong and is a non-UK resident passed away recently. My wife is the sole beneficiary of the life insurance bought by her dad in Hong Kong. When she get the death benefit from the policy, does she need to declare in the self assessment and is she liable to any tax? Thank you.

Hi HMRC, I would like to ask regarding the statement by HMRC Admin 20 above "Where the only source of foreign income is untaxed interest of less than £2000.00, you can declare it in box 3 of SA100 instead of declaring on SA106". If I filled in the untaxed interest of less than £2000 in SA106 in last year's tax return (2022-2023) while leaving box 3 of SA100 empty, is it still fine or do I need to amend last year's tax return (2022-2023) by removing the SA106 and filling in box 3 of SA100 accordingly? Thank you.