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Self asssesment - Foreign Income
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mike2010
Posts: 11 Forumite
in Cutting tax
Hello,
I am preparing my tax return for tax the year 2011-12 but can't get sure whether I should be doing it for some cash I brought from abroad to be spent in the UK. Money came from my father's properties through tenancy and was around £2500 for the whole year. Brought in cash and deposited into my UK bank account. I am not the landlord nor the contract holder. If this is considered foreign income, which part of online self assessment form I need to put it in to?
I would appreciate any advise.
Many thanks,
Mike
I am preparing my tax return for tax the year 2011-12 but can't get sure whether I should be doing it for some cash I brought from abroad to be spent in the UK. Money came from my father's properties through tenancy and was around £2500 for the whole year. Brought in cash and deposited into my UK bank account. I am not the landlord nor the contract holder. If this is considered foreign income, which part of online self assessment form I need to put it in to?
I would appreciate any advise.
Many thanks,
Mike
0
Comments
-
Hello there
So the £2,500 is effectively a gift from your father. In which case this does not form part of your tax return.0 -
Many thanks, pjclar020
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