claralauwong88 Lau
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RE: SIPP tax relief
Hi Admin, Many thanks for your reply. I have read the link you provided. But I am not sure if i am entitled to claim an extra 20% tax relief as my annual income comes from interest as well as salary ( not only salary income). It seems the link does not specify the definition of income.please advise . Best regards CL -
RE: Losses available to be carried forward to later years (BOX47)
Hi Admin, Thank you very much for your reply. Could I confirm , if my carried forward loss in 2022-23 was ~1000 And carried forward loss in 2023-24 was -2000 should I put Carried forward loss -2000 this year? Or should I put accumulate -3000 instead? Cos I a not sure if I should put loss this year or accumulative loss in the box 47. Many thanks. -
SIPP tax relief
Hi Admin, I made around 10,000 from salary last year and I opened SIPP account which I got 20% tax relief automatically. But I have other investment income which made my total income over 50,000 last year, some of the income I have to pay 40% tax. May I know if I am eligible to apply tax relief of 40% on my SIPP account in this case please? thanks and regards, CL -
Losses available to be carried forward to later years (BOX47)
Hi Admin, Can I ask for Losses available to be carried forward to later years (BOX47). Is this loss for the latest tax year only? It is NOT an accumulative loss ? thanks and regards, CL -
US treasury tax treatment
Hi Admin, Thank you very much for your help in advance. As I am a UK resident but nor UK domicile, do NOT use remittance basis. Could I confirm the tax arrangement in US treasury bond in my OFFSHORE account please ? a) buy and hold till maturity, the difference between what i paid for the bond and what you redeem it is FOREIGN income tax? should be reported in SA106 or SA101? b) buy and sell before maturity, the difference between what i paid for the bond and what you sell it is capital gain tax in SA108? c) coupon/interest from treasury is treated as income tax in SA106 or SA101? d) when preparing accrual interest income, should I put as a accrual interest gain and loss or should I make it as the net amount of income ? Thanks and regards ,
Name removed admin .