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  • How to categorise income from foreign ETF

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  • Foreign Tax Credit Relief

    Hi, is it correct that for foreign income I can only either: A) enter the foreign tax taken off or paid; OR B) claim foreign tax credit relief and select a % of relief? If I enter the foreign tax taken off / paid (option A), does the system automatically give me a credit for any tax paid in excess of the treaty rate? Thanks.
  • RE: Lining up Australian and UK tax years

    Thanks, separately of split year (or assuming split year is not applicable), how would I align the Aus tax year (1 Jul to 30 Jun) and the UK tax year (6 Apr to 5 Apr)? My Australian tax statements wouldn't include income for the UK tax year from 6 Apr 2023 to 1 Jul 2023, and they would have the extra income for 5 Apr 2024 to 30 Jun 2024. Is there a recommended method, or should I just treat income in the Aus tax year as foreign income for the UK tax year?
  • Lining up Australian and UK tax years

    Hi, I moved from Australia to the UK in June 2023. I had both Australian and UK income for the UK tax year 6 April 23 to 5 April 24. However, my Australian tax statements reflect the Aus tax year of 1 July 23 to 30 June 24. Should I treat my Aus income for 1 Jul 23 to 30 Jun 24 as my overseas income for the UK tax year 6 April 23 to 5 April 24? Or if not, is there a recommended way to adjust my Aus income to line up with the UK tax year? Thank you.