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Thanks for your reply. In short, can I conclude that the interest paid on a loan used to purchase shares can’t be qualified for any tax relief?

Thanks for your reply. After further study, I found that there is an item 'Qualifying loan interest payable in the year' in the section of 'Other tax reliefs' from the form of 'Additional information - SA101' which may match the purpose of claiming the tax relief for the interest paid on a loan to purchase shares (leveraging) Below is the link of detail description for an item 'Qualifying loan interest payable in the year' https://www.gov.uk/government/publications/interest-and-alternative-finance-payments-eligible-for-relief-on-qualifying-loans-and-alternative-finance-arrangements-hs340-self-assessment-helpshee/hs340-interest-and-alternative-finance-payments-eligible-for-relief-on-qualifying-loans-and-alternative-finance-arrangements-2021 So, am I eligible to claim the tax relief on this item?

Thanks for your reply. Claiming foreign tax credit relief for dividend should be related to withholding tax (WHT) of dividend received from securities in other countries. However, my question is asking how to claim the tax relief for the interest paid on a loan used to purchase shares? Can these interest paid be directly deducted from the total amount of income (in pounds) for both interests and dividends or is there another separate field in SA106 from to claim the relief?

Thanks for your reply. It’s really useful! As I have to report the foreign income on SA106 form, may I know these interest paid can be directly deducted from the total amount of income (in pounds) for both interests and dividends or is there another separate field to claim the relief in the form?

My foreign incomes come from stock dividends and bond interests. Part of these incomes is leveraged from the brokage account to purchase which incurring investment interest expenses. An investment interest expense is any amount of interest that is paid on loan proceeds used to purchase investments or securities. So, am I eligible to claim the tax deductions of these expenses for the incomes from dividends and interests?