Income received by person abroad

This section allows input of income arising as a result of the transfer of assets to a person abroad. All income chargeable under the transfer of assets provisions should be entered in this section. For more information see HMRC Helpsheet 262 Income and benefits from transfers of assets abroad and income from non-resident trusts.

All amounts of foreign income received and foreign tax paid must be entered in sterling.

In most circumstances foreign income only needs be declared where the tax payer is resident in the UK for all or part of the tax year. Do not enter foreign income if the tax payer is non-resident as Taxfiler will include all entered income on the return and computation.

  • Country – enter the country where the income is to be treated as arising.
  • Description of income – enter a brief description of the income or benefit.
  • Is this dividend income? – tick the box if the income is dividend income.
  • Amount received – enter the amount to be treated as received.
  • Amount of exemption claimed – if exemption is being claimed, enter the amount.
  • Foreign tax paid – enter the amount of foreign tax suffered.
  • Claiming foreign tax credit? – tick the box if claiming foreign tax credit relief.
  • UK tax paid – enter the amount of UK tax withheld.
  • Taxable amount – this field will display the taxable amount of the income.

Finance costs for residential properties

  • Finance costs applicable for relief
  • Residential finance costs brought forward

Additional text note for Tax Return

Enter any additional information you wish to appear in the white space of the tax return.

The information given in the white space note should include:

  • the full name and address of the person abroad receiving the available relevant income
  • the details of the relevant transactions that have given rise to the income
  • how the benefits have been calculated.

Where the benefit has come from a UK resident trust also give details of those circumstances including the full name of any other trust involved.