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  • RE: Pension and tax refund

    Hi, I have two more questions. I moved to UK since Jun 2022. Before moving to UK, I made an oversea fixed deposit in 2019 for 4 years. I have got all the interested only on Jul 2023. Am I correct that I only have to report the interest since I moved to UK, which is from Jun 2022 to Apr 2024? I rent out my oversea property which evenly owned by me and my sister. We have some expenses such as repairment, agent fee, furnishings etc for a new tenancy. Should I report the expense in 1:1 as the property is shared with my sister? Looking forward to hearing from you soon. Thank you so much!
  • Pension and tax refund

    Hi, I have the following four questions and most grateful if you could advise: Q1) I got the pension refund after I opt out the pension during 2023, do I have to declare this on "UK pensions, annuities and other state benefits received- Pensions (other than State Pension) – the gross amount" or on "Other UK income not included on supplementary pages-Other taxable income"? Q2) I have received tax refund for year 2022-2023 on February 2024, do I have to report this on my self-assessment? Q3) I have received IHS reimbursement on my oversea bank account. Would it be considered as income? Do I have to report on my self-assessment as well? Q4) I have received another tax refund for tax overpaid due to a wrong tax code used for tax calculation. Do I have to declare this on self-assessment? If so, should I declare this on "Any other information under section of Residence, remittance basis." Thank you so much.
  • RE: Foreign income

    Dear admin, Thank you so much for your kind reply. I have one more question. If me and my husband has an oversea joint bank account and my husband is non-UK resident. He sometimes will transfer money to this oversea account to support me and my children living in UK. Would it be considered as a foreign income? Do I have to report this in my self- assessment? If it generates interests, do I have to report the interest? Thanks so much!
  • Foreign income

    Dear Admin, Before I moved to UK and became UK resident, I have taken and completed a continuing education fund (CEF) course in Hong Kong which is subsidised by Hong Kong government. I successfully reimbursed the course fee after I moved into UK. As I have applied split year treatment, I wonder if I have or don’t have to include the reimbursed course fee as a income? Please advise. In addition, I have rent out a joint oversea property which is under a mortgage. Am I correct to report the mortgage interest in foreign income supplementary page ‘Residential finance costs’ for deduction? Thank you.