I would like to clarify my question:
I am non-domicile, not self-employed and not employed, with foreign saving interest of less than £2,000 in the tax year, with the CAPITAL partially remitted to the UK.
If I do NOT claiming remittance basis :
Do I need to file a self assessment?
Is this foreign income amount taxable?
Will the arising basis be applied in this case?
Some more inquiries as below.
In the page :
It states that -
'Tax if you’re non-domiciled
You do not pay UK tax on your foreign income or gains if both the following apply:
they’re less than £2,000 in the tax year
you do not bring them into the UK, for example by transferring them to a UK bank account
If this applies to you, you do not need to do anything. '
My questions are :
1. What a bout the case of non-domicile with foreign interest income
Thank you for your reply again. Here are some further questions :
In case I choose the arising basis, will I only be taxed if my UK+foreign income exceeds the person saving allowance?
If I choose the arising basis, do I only need to fill SA106? And do I need to declare whehter the income is remitted to the UK or not?
Thank you for your feedback.
May I have further clarification please?
If I ONLY remit the capital money which the foreign interest was generated from, and leave the interest unremitted in my overseas bank account unremitted, will this remittance of the capital money regard as 'foreign income remitted to the UK’? Do I need to declare this remittance?
I arrived the UK in Feb-2022. I am not self-employed. My only income is the saving interest from the UK and from Hong Kong .
My questions are:
1. What is the threshold to send a self-assessment return and be taxed for the foreign saving interest if it is not remitted to the UK?
2. How to fill the self-assessment form for the cases of foreign interest £2000 respectively?
3. If the interest I earned in the UK is less than my personal allowance, do I need to declare in the self-assessment just because I have foreign saving interest to declare?
4. The foreign interest is generated from a capital originated from Hong Kong before I became UK resident. If I transfer this capital (excluding the amount of interest I earned after I became UK resident), to the UK, would this capital amount be taxable?