HMRC Admin 25 Response
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RE: Foreign income
Hi CP,
The UK interest should be declared on the SA100 at page TR5.
Guidance on how to complete the return is here:
Tax Return notes Tax year 6 April 2022 to 5 April 2023 (2022–23)
Thank you. -
RE:CTG help
Hi Chrisf,
You need to sell it within 9 months of acquiring the 2nd property.
Thank you. -
RE: Non UK tax resident: UK bank saving interest income
Hi Teresa2243,
Please refer to additional guidance here:
HS300 Non-residents and investment income (2023)
Thank you. -
RE: Taxation of UK rental income for Italian citizen under 7% flat rate tax agreement
Hi Alex Lalvani,
As the 7% rate only applies if you are resident in Italy then yes you would claim any excess back from them.
Rental income is not covered by double taxation agreements so you will continue to pay tax on this income at the UK rates irrespect of what the rate is in Italy.
Thank you.
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RE: SA106 Foreign Interest and dividends
Hi Miu,
If you have filed online and included the foreign income you receive, the form SA106 is not required.
If you have not included this income, you can still amend online and there will be no need for a paper SA106.
Thank you. -
RE: Remittance basis and arising basis
Hi 147147147,
It depends on the double taxation treaty for each country.
For Hong Kong, their treaty allows for pensions to be taxed in Hong Kong only and for employment income as long as the work is carried out in Hong Kong then it is only taxable there.
You should refer to:
Hong Kong: tax treaties
To see if any income you receive is taxable in UK.
Thank you.
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RE:Transferring Foreign Savings to UK
Hi jlam32,
As UK tax resident, any interest that these savings have generated should be reported in the UK.
There will be no tax due on the actual capital that you transfer but again, any interest needs to be declared as this is taxable income.
Thank you. -
Employment missing
Hi Sharlott Bishop,
You would please need to contat our PAYE helpline to review your employee record.
Income Tax: general enquiries
Thank you. -
RE: Self Assessment earnings over £100,000
Hi JaseC,
Yes that is correct.
Thank you,
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RE: Capital gain calculation in foreign currency
Hi andy1,
Please see this guidance for help:
Exchange rates from HMRC in CSV and XML format
Thank you.