J Fung
Joined: 9/21/2022
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Query about income received from foreign insurance policy
Hi, I moved from Hong Kong to UK in June 2021. I bought an 5-year CNY insurance policy with one-off premium payment in February 2019 when I was in living in Hong Kong and it just got matured in February 2024. I therefore need to report the income arised from this insurance policy in the 2023-2024 tax return. My question is that during the 5 year duration of the policy, I was not an UK resident in the first two years (that is, February 2019- February 2021). Should I report the entire income or just a proportion of it in the tax return? Many thanks. -
RE: Split year treatment
Hi, I moved from Hong Kong to UK on 25th June 2021. During 25th June 2021 and 9th September 2021, I stayed Airbnb temporarily before I rented an apartment. I moved to a rented apartment on 10th September 2021. In this case, if I apply for Split Year Treatment, may I know which date should be the start date for my UK part of tax? Thanks!