German "income" or "capital gain"
A UK resident has "Capital gains from interest and dividends" arising in Germany. For 2004-2006 this was paid gross as below the tax free allowance of €1421. For 2007-2009 German "capital" gains tax of 25% has been paid......
Is this "income" and as such goes on the other income pages in the UK and higher rate income tax due or is it "capital gain" for UK purposes and therefore can be ignored as being below annual CGT exemptions in UK...?
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