Tailor your return 06 - Foreign income or income gains
Watch a short YouTube clip on Do I need to declare foreign income to HMRC.
Select 'Yes' if you want to claim Foreign Tax Credit Relief or Special Withholding Tax on employment, self-employment or partnership income or capital gains from abroad.
Foreign income from these sources should be included in the relevant sections of this tax return, not the foreign section.
If you received:
- interest and income from overseas savings
- dividends over £2,000 from foreign companies
- distributions and excess 'reported income' from reporting offshore funds - this is taxable income accumulating in an offshore fund that you have not yet received
- overseas pensions, including taxable lump sums from overseas schemes treated as pension income, social security benefits and royalties
- income from land and property abroad, but not furnished holiday lettings in the European Economic Area, these go in the 'UK land and property' section
- discretionary income from non-resident trusts
- income or benefits from a person abroad or a non-resident company or trust, including a UK trust that has either been, or has received, income from, a non-resident trust
- gains on foreign life insurance policies or on disposals in offshore funds
answer 'Yes'.
If your income from foreign property (and UK property) was no more than £1,000, you may not need to declare this income in your tax return if you utilise the property income allowance.
Go to Tax-free allowances on property and trading income for more information.
If your only foreign income was untaxed foreign interest up to £2,000 or foreign dividends up to £2,000, or both, you can put these amounts in 'Did you receive any interest' or 'Did you receive any dividends' sections on page 2 of 'Tailor your return' instead of completing the Foreign section.
