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Post by nesako on Feb 26, 2017 14:19:38 GMT
Okay guys,
I am UK Resident for Tax purposes, also UK is my domicile. So, who can summarise how should I deal with the interest earned on Mintos / Twino loans?
Is there a limit, if under, I would not need to file the self assessment? Is the income from Mintos / Twino not already taxed at source? Is this income counting towards UK's personal savings allowance?
I have been reading many articles making things less clearer with each, and before I just give HMRC a call, I though to just ask whether anyone already has all the details?
Cheers!
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Post by geoffrey on Mar 28, 2017 8:01:59 GMT
Convert your total income to GBP at the exchange rate(s) you achieved for the day(s) you converted the income to GBP, and declare it under interest received without tax deducted on your tax return. I haven't been with Twino long enough to have to do this yet, but it's what I would do. Disclaimer, I'm not a tax specialist.
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korak
New Member
Posts: 5
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Post by korak on Sept 3, 2017 20:10:08 GMT
Friends,
Apart from declaring the income in UK, do you need to file seperate tax return in Latvia/Estonia?
Thanks.
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Post by wiseclerk on Sept 3, 2017 20:28:25 GMT
As a german resident, I don't. And I never heard UK residents doing so.
This is not tax advice, ask a qualified tax advisor.
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korak
New Member
Posts: 5
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Post by korak on Sept 3, 2017 20:43:10 GMT
Thank you very much
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