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Sea9 See

Sea9 See

Joined: 3/1/2024

  • Overseas bank interest income

    Fri, 01 Mar 2024 13:13:55 GMT – Overseas bank interest income
    If I choose for the arising basis method to settle my UK income tax for the interest income from overseas bank fixed deposits, will I be able to remit this fund to the UK in the future without being liable for further taxation?

  • Foreign exchange to GBP

    Fri, 01 Mar 2024 13:10:53 GMT – Foreign exchange to GBP
    If I have been a tax resident in the UK since April 2023, would my foreign exchange gain in August 2023 be taxable? For example, if I exchange USD to GBP. The purpose of the GBP would be to either make a fixed deposit in a bank or to purchase my second property.