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  • RE: UK resident & clean capital

    Thank you for your answer. 1/ Noted I am not a UK resident for the tax year 2022-2023 (only stayed in the UK for 130 days, not only home, no family, no work here). I'm still receiving some saving interests after I arrived in UK. Are these saving interests still treated as "clean capital", until I have sufficient UK ties then become a UK resident and tax payer here? 2/ Do I need to report to HMRC that I am not a UK resident for the tax year 2022-2023 and not qualified for split year? If a report is needed, what is the form number? I'm a bit worried if I do nothing, HMRC may think I try to evade tax. Thank you again for your help.
  • UK resident & clean capital

    Hi, I removed to the UK alone on 1-Dec-2022. I am umemployed until now, but I am receiving some saving interest in an overseas bank. I used the gov.uk's "Check your UK residence status" link, which told me I am "not a UK resident for the tax year 2022-2023", because I did not have enough connections to the UK (only stayed in the UK for 130 days, no family, no work). May you please tell me:- 1/ Should I submit any Self Assessment or Tax Return for this year 2022-2023? If yes, which specific form number should be submitted 2/If I find a job on 6 April (1st day of the next tax year), I assume I will become a UK resident on 11 May 2023 for next tax year, because I will then have 2 UK ties (accommodation & work) in 91-120 days. Am I correct? 3/ I assume I will become a UK resident for the next tax year on 2 June 2023 even I may still be unemployed, because by 2 June I have been already staying for over 183 days in UK. Do I understand correctly? 4/ I am receiving some saving interest in the overseas bank. Since I am not a UK resident and the interest is not generated in UK, I assume the interest is not taxable, am I correct? 5/ Are those interest classified as "Clean Capital" before I am a UK resident? Or, they are not "Clean Capital" but only non-taxable? Many thanks for your help!