1 Foreign notes Tax year 6 April 2017 to 5 April 2018 (2017 18). Use these notes Check if you still need to fill in a tax return to help you fill in the If you don't think you need to fill in a tax return for this year, go to Foreign pages of your If you don't need to fill in a return, you must tell tax return us by 31 January 2019 to avoid paying penalties. Use the Foreign ' pages if you want to claim these notes are for common types of Foreign Foreign Tax Credit Relief or Special Withholding income including: Tax if you are claiming the remittance basis. interest from overseas savings Don't use the Foreign ' pages for: dividends from Foreign companies Foreign income earned by your business or income from overseas pensions and property partnership use the Self-employment' or (not exempt from tax by the property income Partnership' pages instead allowance). capital gains from the disposal of overseas assets Property income allowance use the Capital gains summary' pages From 6 April 2017, any income from overseas Foreign employment income use the property, including UK property, up to 1,000 is Employment' pages exempt from tax and doesn't need to be reported income from furnished holiday lettings in on a tax return.
2 This exemption applies even if the European Economic Area use the UK. your share of this income is from property you property' pages unless you're taxable on the own or let jointly. remittance basis If your total income from your overseas property, including UK property or furnished holiday letting A For more information on furnished holiday lettings, go to and search for HS253' and for (FHL) income reported on the UK property' page, the remittance basis, go to and search is 1,000 or less, don't complete the Foreign ' for HS264'. pages unless your allowable expenses are higher than your turnover and you want to be able to Your name and Unique Taxpayer Reference claim relief for the loss against future property If you printed the Foreign ' pages from our website, income. If you do this don't complete the property fill in your name and Unique Taxpayer Reference income allowance box (box ). (UTR) in the boxes at the top of the form. If your total income from your overseas property, including UK property or furnished holiday letting (FHL) income reported on the UK property' page, is over 1,000, complete the Foreign ' pages by Example of completed name and UTR boxes either: Unremittable income claiming the new allowance in box - if you claim the property income allowance, you can't If you claimed any income as unremittable in an deduct any allowable expenses or claim any earlier tax year and the restrictions preventing other allowances you from bringing that income to the UK.
3 Calculating your property profits by deducting stopped during the 2017 to 2018 tax year, you allowable expenses and allowances - if you must convert that Foreign income and tax into do this, you can't claim the property income UK pounds using the exchange rate when the allowance restriction ended. If you have more than one property business, This is Foreign income that you couldn't bring to the total amount of property income allowance the UK because of exchange controls or a shortage claimed can't exceed 1,000. of Foreign currency in the overseas country. If you later bring this income into the UK, convert the A For more information on the property income income and Foreign tax into UK pounds, using the allowance, go to allowances-on-property-and-trading-incom e exchange rate at the time of the remittance. SA106 notes 2018 Page FN 1 HMRC 12/17. Box 1 If you were unable to transfer any of your Income from overseas sources overseas income to the UK, put X' in the box If you put any amounts on page F 2 and If you put an X' in box 1, you must give details of page F 3, convert the income into UK pounds the country where the income arose, the amount using the exchange rate at the time the income in Foreign currency and any Foreign tax you've arose.
4 If you're not sure, ask your tax adviser. paid in Any other information' on page TR 7 of Put the full amount in the relevant boxes (even if your tax return. you didn't bring the income into the UK) and fill in the Total' boxes on page F 3. Foreign Tax Credit Relief If you don't have room for all your entries, attach If you've paid tax in another country on your a separate sheet for each type of income. overseas income you can claim Foreign Tax Credit Relief (FTCR) if: Column A. you're a UK resident Use the list that follows to find the 3-letter code the Foreign income was properly charged under for the country where your income arose. that country's law Put that code in column A. Use a separate row the amount of FTCR doesn't exceed UK tax for each country. on the same item of income or gains there's a double taxation agreement (DTA). and Foreign tax relief is restricted to the minimum Foreign tax payable in the agreement If no DTA exists, or the agreement doesn't cover Example of the country code for Jersey, column A.
5 That particular Foreign tax, relief is only available if the tax matches UK Income Tax or Capital Country or territory list Gains Tax. A ' in the second column of the list shows that A DTA is an arrangement to avoid taxing the the UK has a double taxation agreement (DTA). same item twice. If a DTA is in place, check how with that country or territory. its terms apply to you. If the agreement doesn't give the other country or territory the right to tax the income, you can't claim FTCR and must 3-letter claim relief in the other country. Country or territory DTA code Afghanistan AFG. You can't claim FTCR for taxed dividends from Antigua, Australia (franked dividends only), Belize, Albania ALB. Cayman Islands, Cyprus, Gambia, Guernsey, Algeria DZA. Isle of Man, Jersey, Kiribati, Malaysia, Malta, American Samoa ASM. Montserrat and Singapore. Andorra AND. Angola AGO. Box 2 If you are calculating your tax, enter the total Foreign Tax Credit Relief on your income Anguilla AIA. You don't have to work out the FTCR yourself.
6 Antigua and Barbuda ATG. We'll do this for you if you complete other Argentina ARG. relevant boxes and send your tax return by the Armenia ARM. filing date. Only fill in box 2 if you want to Aruba ABW. calculate the FTCR yourself. Australia AUS. If you want to calculate FTCR, use Helpsheet 263, Austria AUT. Calculating Foreign Tax Credit Relief on income' Azerbaijan AZE. first. Put the total amount of relief in box 2. A For more information, go to and search for HS263'. Page FN 2. 3-letter 3-letter Country or territory DTA code Country or territory DTA code Bahamas BHS Djibouti DJI. Bahrain BHR Dominica DMA. Bangladesh BGD Dominican Republic DOM. Barbados BRB Ecuador ECU. Belarus BLR Egypt EGY. Belgium BEL El Salvador SLV. Belize BLZ Equatorial Guinea GNQ. Benin BEN Eritrea ERI. Bermuda BMU Estonia EST. Bhutan BTN Ethiopia ETH. Bolivia BOL Falkland Islands FLK. Bonaire BES Faroe Islands FRO. Bosnia and Herzegovina BIH Fiji FJI. Botswana BWA Finland FIN. Brazil BRA France FRA. British Virgin Islands VGB French Guiana GUF.
7 Brunei Darussalam BRN French Polynesia PYF. Bulgaria BGR Gabon GAB. Burkino Faso BFA Gambia GMB. Burma (also known as Myanmar) MMR Georgia GEO. Burundi BDI Germany DEU. Cambodia KHM Ghana GHA. Cameroon CMR Gibraltar GIB. Canada CAN Greece GRC. Cape Verde CPV Greenland GRL. Cayman Islands CYM Grenada GRD. Central African Republic CAF Guadeloupe GLP. Chad TCD Guam GUM. Chile CHL Guatemala GTM. China CHN Guernsey GGY. Christmas Island CXR Guinea GIN. Cocos (Keeling) Islands CCK Guinea-Bissau GNB. Colombia COL Guyana GUY. Comoros COM Haiti HTI. Congo COG Honduras HND. Cook Islands COK Hong Kong (SAR) HKG. Costa Rica CRI Hungary HUN. C te d'Ivoire CIV Iceland ISL. Croatia HRV India IND. Cuba CUB Indonesia IDN. Cura ao CUW Iran IRN. Cyprus CYP Iraq IRQ. Czech Republic CZE Ireland (Republic of) IRL. Democratic Republic of the Congo Isle of Man IMN. (formerly Zaire) COD Israel ISR. Denmark DNK Italy ITA. Page FN 3. 3-letter 3-letter Country or territory DTA code Country or territory DTA code Jamaica JAM New Zealand NZL.
8 Japan JPN Nicaragua NIC. Jersey JEY Niger NER. Jordan JOR Nigeria NGA. Kazakhstan KAZ Niue NIU. Kenya KEN Norfolk Island NFK. Kiribati KIR North Korea PRK. Kosovo XKX Northern Mariana Islands MNP. Kuwait KWT Norway NOR. Kyrgyzstan KGZ Oman OMN. Laos LAO Pakistan PAK. Latvia LVA Palau PLW. Lebanon LBN Panama PAN. Lesotho LSO Papua New Guinea PNG. Liberia LBR Paraguay PRY. Libya LBY Peru PER. Liechtenstein LIE Philippines PHL. Lithuania LTU Pitcairn Island PCN. Luxembourg LUX Poland POL. Macao (SAR) MAC Portugal PRT. Macedonia (FYR) MKD Puerto Rico PRI. Madagascar MDG Qatar QAT. Malawi MWI Reunion REU. Malaysia MYS Romania ROU. Maldives MDV Russian Federation RUS. Mali MLI Rwanda RWA. Malta MLT St Helena and Dependencies SHN. Marshall Islands MHL St Kitts and Nevis KNA. Martinique MTQ St Lucia LCA. Mauritania MRT St Pierre and Miquelon SPM. Mauritius MUS St Vincent and the Grenadines VCT. Mayotte MYT Saba BES. Mexico MEX Samoa WSM. Micronesia FSM San Marino SMR. Moldova MDA Sao Tome and Principe STP.
9 Monaco MCO Saudi Arabia SAU. Mongolia MNG Senegal SEN. Montenegro MNE Serbia and Montenegro SRB. Montserrat MSR Seychelles SYC. Morocco MAR Sierra Leone SLE. Mozambique MOZ Singapore SGP. Namibia NAM Sint Eustatius BES. Nauru NRU Sint Maarten (Dutch part) SXM. Nepal NPL Slovak Republic SVK. Netherlands NLD Slovenia SVN. New Caledonia NCL Solomon Islands SLB. Page FN 4. 3-letter Column B. Country or territory DTA code In column B, put the total amount of income (in UK. Somalia SOM pounds) before taking off any Foreign tax or Special South Africa ZAF Withholding Tax (SWT). South Korea KOR SWT is an amount of tax taken off certain South Sudan SSD payments to UK residents (in addition to Foreign Spain ESP tax). It can be set against your UK tax liability or Sri Lanka LKA repaid to you if the amount exceeds your liability Sudan SDN for that year. This will only now be relevant if Suriname SUR. you are taxable on the remittance basis and are remitting income relating to earlier years where Svalbard and Jan Mayen Islands SJM.
10 SWT was withheld. Swaziland SWZ. You need to add the tax taken off to the amount Sweden SWE. received after deduction and put the total in Switzerland CHE. column B (make sure that you put the SWT. Syria SYR in column D). Taiwan TWN. If you have more than one source of the same Tajikistan TJK income from a country, add the amounts together Tanzania TZA (unless taxed differently). For example, if you Thailand THA have 2 savings accounts in Monaco, add the Timor-Leste TLS amounts before putting the total in column B. Togo TGO. Tokelau TKL. Tonga TON. Trinidad and Tobago TTO. Tunisia TUN. Turkey TUR. Turkmenistan TKM Example of income arising or received, column B. Turks and Caicos Islands TCA The following countries may have taken SWT: Tuvalu TUV Andorra, Austria, Cura ao, Gibraltar, Jersey, Uganda UGA Liechtenstein, Luxembourg, Monaco, San Marino, Ukraine UKR Sint Maarten and Switzerland. United Arab Emirates ARE. Column C. United Kingdom GBR. If you had any Foreign tax taken off your United States of America USA.