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  • RE: Claiming Foreign Tax credit rate

    Hello, I am currently a UK resident paying taxes here in the UK to HMRC. I have some shares in an Australian listed company which pays dividends. The dividends come with a "franking credit" as the publicly listed company has already paid corporate taxes. Can I use this franking tax credit when filing my UK taxes? When I was a resident in Australia and paid taxes there, I could. I no longer live in Australia and do not pay taxes there.
  • RE: Carrying forward CGT loss

    Hello. In October 2023, one of my investments in a publicly listed share in Australia went to $0/share and became worthless. The company has gone into bust. Over the 2023/24 tax year, I did not have any capital gains so there is nothing I can offset this against. Question 1: Can I roll forward the capital loss credit to the 2024/25 tax year? Question 2: Assuming I can, do I need to inform HMRC about this when I file my 2023/24 UK taxes? If so, where/how do I inform you?