May Man
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RE: Split year treatment
Thanks Admin confirming the types of forms that I need to fill in. Based on my understanding, My total income is GBP 15500, while the total allowance is GBP16570, so I need to report the income detail but I do not need to pay any tax. Am I correct ? Thanks My detail below: Landed in UK 1Aug2021, UK is only home NO any income, unemployed in UK interest GBP 500 Foreign Dividend GBP 3000 (after tax), GBP 3400 (before tax) Foreign capital gain GBP 12000 ==> Total income GBP 15500 Q1) Am I needed to pay tax if my total income is less than total income+interest+dividend allowance of GBP 16570? Allowance: Individual allowance GBP 12570 Interest allowance GBP 2000 Dividend allowance GBP 2000 Capital gain is less than GBP 12300 ==> Total allowance 16570 -
RE: Split year treatment
Hi, I would like to consult which form and how much that I need to fill in the form. Below is my conditions detail between 1Aug2021-6Apr2022: Landed in UK 1Aug2021, UK is only home NO any income, unemployed in UK interest GBP 500 Foreign Dividend GBP 3000 (after tax), GBP 3400 (before tax) Foreign capital gain GBP 12000 ==> Total income GBP 15500 Q1) Am I needed to pay tax if my total income is less than total income+interest+dividend allowance of GBP 16570? Allowance: Individual allowance GBP 12570 Interest allowance GBP 2000 Dividend allowance GBP 2000 Capital gain is less than GBP 12300 ==> Total allowance 16570 Q2) If Q1 is correct, I do not need to pay tax. Do I need to fill in SA100? and consult detail as below: For SA100 form, page TR2, Do I need to put “Yes” on 2) self-employment, 5) Foreign, 7) Capital Gain tax summary? For SA100 form, page TR3, Do I need to fill in the 3) untaxed foreign interest GBP 500 6)Foreign Dividend GBP 3000 (after tax), 7) tax taken off foreign dividends GBP 400? Q3) Capital gain is less than GBP 12300, do I need to fill in SA108? Q4) For SA109, put a"X" on box 3, as I migrated to UK 1Aug2021. I can apply the Split-year treatment.