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  • RE: Government Bond Interest

    Dear Admin 21, Thank yo for your very prompt reply. I regret that as per the SAIM3080 mentioned the loss of the DDS can set again the income in same tax year, and HS343 are clear to mentioned the accrued income loss should be subtracted by the bond interest and foreign interest, in the HS343, 8 step 2. Could you advise if I misunderstood the documents mentioned.? As per the previous response from Admin 8, as following, Posted 11 days ago by HMRC Admin 8 Response Hi, You can only set as much of the loss against the income in the same tax year, to offset the tax. which also confirmed that the loss can set off the same year income.
  • RE: Government Bond Interest

    Dear Admin 8 & Admin 19 I regret that I'm stupid enough and don't understand which the previous response to clear how to fill the assessment. I need to know which the box to fill for the loss of the foreign DDS and it setoff the same taxable year income. Actually, I have followed this topic over 6 months but I don't ensure I have the substantial answer.
  • RE: Government Bond Interest

    Dear Admin 8, Should the loss put on the income & expense, box 17 of the SA106 to offset another income? Best regards
  • RE: Government Bond Interest

    Dear Sir, According the SAIM3010, SAIM3080 & HS343, the SAIM3080 mentioned the loss can set again the income in same tax year, and HS343 are clear to mentioned the accrued income loss should be subtracted by the bond interest and foreign interest, in the HS343 8 step 2. After subtraction, my data will be negative, I wonder how to how express the clear picture for my tax return. Would you pleased to advise? Best regards
  • RE: Government Bond Interest

    Dear Sir, The question is how to report to HMRC in case the accrued income loss of the DDS more than the Bond interest received and foreign interest saving received. I think it is a general question. Hoping you can advise how to complete the self assessment. Thanks! In case you can't advise the how to fill the data in the related boxes, can I submit the related transaction description without filling data in the box?
  • RE: Government Bond Interest

    Dear sir, Would you pleased advise how to fill in the forms of AI & foreign income as following situation in the tax year, 1) foreign saving interest received = GBP2100 2) US bond interest received =GBP4000 3) accrued income loss (buy & redemption difference)=GBP7000 I hope to clear which the right boxes to submit the right data, thanks! best regards
  • RE: Accrued Income Scheme for SA106

    Dear sir, As per HS343, the accrued income loss is subtracted by the interest received in column B of sa106. In case the accrued income loss is more than interest received, how should I do to report that? Best regards
  • RE: Government Bond Interest

    Dear Sir, As per the SIAM3080, the loss is set against the person’s income charged to income tax for the year. I found the on line self assessment Box 3 of SA101 accepts the digital greater than 1 only (not accept negative), unfortunately, my DDS is loss, how to reflect the loss or to set again my income? best regards 
  • RE: Government Bond Interest

    Dear Sir, Regarding the foreign DDS (US Bond) declaration, should it declare in SA101 (misc income) or SA106 (Foreign). If in SA106, which the box is corrected? best regards Edmund
  • RE: Government Bond Interest

    Dear Sir, Thank you for your reply and understood you can't advise the specific question. So, I break it to simple questions. 1) Lost in DDS investment, should it report in self assessment? 2) gain or lost, it counts for whole tax year or each deal? best regards 

    Name removed admin .