Jeephammer

You are wrong HMRC Admin 19, I'm just replying to what HMRC Admin 25 asked me. I only need to know the HMRC qualification for this foreign income, not financial advice. Thanks

Another detail worth mentioning is that all these payments are made into the foreign investment account (i.e. they are NOT being transferred into the UK).

Good morning HMRC Admin 25 All these notes have a maximum term of 1.5 years. The issuer told me that the delivery method is quarterly interest payments (but it will only be paid if the prices of all its underlying stocks/shares stay within a predefined threshold). They also told me that the tax method to be applied would be income tax. Regarding the loss I mentioned in my first post, as long as I keep the stocks I received instead of the original amount of the investment, I cannot claim a capital loss yet. Please let me know what would be your recommendation. Regards

Last financial year I had a foreign income from payments generated by several investment products called Structured Notes (structured with underlying shares of usually 3 companies). What is the correct tax classification for this kind of investment? Foreign Capital Gain? Foreign Interest Income? Foreign Dividends Income? I don't know where I should specify it in my Self Assessment for this year. Another question. If I have a loss caused by receiving the worst-performing shares instead of the original capital in cash, can I claim this loss as a capital loss? Example: I invested $5000 in a Structured Note, but I received at the final redemption date the worst-performing stocks with an equivalent value of $1500 instead of the original $5000 capital in cash.