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Chung Kin Cheung

Chung Kin Cheung

Joined: 4/14/2024

  • Foreign Property Income Distributions

    Fri, 19 Apr 2024 10:48:47 GMT – Foreign Property Income Distributions
    I have some dividend income from a foreign REITs. May I have your advise where should these income (froeign PIDs) to be declared in the self assessment? Divideneds from foreign companies or Income from land and property abroad? Thank you.

  • Foreign REITS Dividends and Foreign Tax Credit Relief

    Sun, 14 Apr 2024 13:55:15 GMT – Foreign REITS Dividends and Foreign Tax Credit Relief
    1. Is it correct to report Dividends from a foreign REITs under the section "Income from land and property abroad" in Form SA106? 2. In Form SA106, I reported foreign tax taken off for dividends from a US company (GBP 270, 15% of total dividends) and a REITs in US (GBP 457, also 15% of total dividends). The total amount I claim for the foreign tax is GBP 727. However, the auto calcuation shown that the total foreign tax credit relief is just GBP 615. I think the maximum percentage of foreign tax claim relief for US stock and REITs is 15%. I am in doubt of the foreign tax credit relief amount by auto calculation.