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Topic: First year in UK need help with 1116  (Read 663 times)

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First year in UK need help with 1116
« on: March 05, 2018, 10:33:21 AM »
I am unsure what to do with US investment income. I will owe UK tax on the income for 2017/18, but haven't paid any tax yet.

Do I pay US tax on this as though it was US income and then do the re-sourced by treaty 1116's next year? Or do I fill them in this year with 0 tax? Or something else?

Also, I am assuming that tax does not count as "accrued" until the end of the UK tax year - is that correct?


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