Do you need to declare any foreign income on your tax return?

Do you need to declare any foreign income on your tax return?

Yes, if you received:

  • interest and income from overseas savings
  • dividends exceeding £1,000 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, excluding furnished holiday lettings in the European Economic Area, which should be entered in the 'UK land and property' section
  • discretionary income from non-resident trusts
  • income or benefits from an individual 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
Back to blog