eikkub
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Disregarded Income for non resident. Interest on savings & Rental income
Can you please clarify the disregarded income for non resident? As a non resident landlord, it’s clear that filling will be done and tax paid, if any is due after applying personal allowance. However, I want to confirm what happens with interest earned from savings in a UK bank account while being non resident. The HS300 guidance appears to suggest that no tax is payable on savings interest and Investments earned in the UK (for a non resident) as long as it is not attached to a trade. Can you please clarify this. Does one still need to declare interest on savings earned in a self assessment even when it is a disregarded income? Or Will the self assessment in this case be for the rental income only? Thank you
