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  • RE: Foreign income

    Hi HMRC Admin 25, Thank you. No, I don't plan to claim remittance basis, because tax-free allowances would be lost then. Can you answer question 1 and 2 in the light of this? Thank you.
  • RE: Foreign income

    Good afternoon, I am a non-domiciled UK tax resident. I have foreign income of slightly over £2000 from government bonds. Coupon payments were never remitted to the UK. I have two questions: 1. The UK has a double tax treaty with Hungary, and bonds issued by the Hungarian government are exempt from tax in Hungary. Do I need to pay the UK tax or tax relief can be applied? 2. Do I need to calculate the GBP amount using the official exchange rate on the day of each coupon payment (separately)? Many thanks.