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)?