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  • RE: Income from foreign NRE account

    Dear Hmrc admin 32, Thank you and this is great, can you tell me which form or just a normal letter do I need to write to Hmrc. ? Also what details do I need to put into the letter and where do I need to post this letter to please ? Thanks again for the clarification
  • RE: Income from foreign NRE account

    Dear Hmrc admin 19 , Thank you for your reply The above link you provide the form says below - which is only to spilt income for a property. When to fill in this form You can use this form to declare a beneficial interest if you hold property jointly and: As I mentioned previously, For savings interest spilt in joint account, I was told over the phone they you just need to update your respective spilt in your respective SA and there is no need to notify HMRC. Can you confirm the same ? For savings income in joint account (not a property) Thank you
  • RE: Income from foreign NRE account

    Hi Hmrc admin 32, One clarification on above response on interest spilt of 50/50, This was for me and my wife holding a joint account and interest spilt will be 1/99 I have spoken to Hmrc personal tax team and they have mentioned that you can spilt the interest in any other spilt by submitting your respective self assessment and putting your interest allocation in your respective SA and there is not need to notify Hmrc on the spilt. Is that correct ? Thank you .
  • RE: Foreign Income for Non-domiciled' residents

    Hello dear - thank you for the response My wife is in similar situation but has only been In the uk for 10 years, can you clarify the questions raised in my initial query for her please ?
  • Foreign Income for Non-domiciled' residents

    hi hmrc admin, I have interest income of 2500 in a given tax year and I don't plan to bring this money back to UK. I am currently residing in uk for last 16 years and working full time and paying UK tax on all UK income. I am on 40% tax rate. I was born in India and my parents are born in India, I plan to retire and live back in India after my retirement, does this mean I am a non-domiciled resident? if I am a non-domiciled resident and have 2500 interest income in a tax year, does this mean that upto 2000 i don't pay any tax and I pay 40%tax on remainder 500? OR since my foreign income is more than 2000, I pay 40% tax on all 2500 income? can you help me with above questions please? thank you
  • RE: Income from foreign NRE account

    thank you dear hmrc admin17
  • RE: Income from foreign NRE account

    Hello dear - thank you for the link I cannot find which section in my self assessment I need fill in my overseas interest earned and also which section I put the 15 percent credit relief ? Please can you share the section details on the self assessment so I can fill in there Thank you
  • RE: Income from foreign NRE account

    Hello HMRC Admin 10 - can you help me confirm: 1. which section should I use to put my NRE interested earned in my SA? 2. which section of my SA should I use to put in the 15% credit relief please? thank you