Is Hong Kong Pension taxable
I have a client who receives a Hong Kong Pension from Crown Agents
I recall reading some while ago that from April 2011 this would not be taxable in the UK. Subsequently I read a further article advising that this was due to a loophole in a double taxation agreement which had been closed. The upshot being, I thought, that the pension for 2011/12 would be taxable.
I have now received my clients P60 and this shows the whole pension as being "non-taxable" and the figure marked to be used for the Tax Return is shown as nil.
I am rather confused, does anyone know whether this income is taxable (subject to 10% deduction) or in fact not taxable as indicated on the P60?
Many thanks for your help.
- Entrepreneurs' Relief upon sale of a cash rich company 2,332 49
- HMRC now overriding SA bank repayment details on tax returns 935 26
- BrightPay quirks 307 4
- Registering with HMRC for VAT cash accounting 35 1
- Closing down loss-making company 34 1
- CT600 Software - anyone else having issues? 416 11
- Xerocon 2016 1,311 38
- Letter to new accountants and whether to mention criminal conviction. 113 2
- VAT disaggregation 89 1
- Appointment of director 74 1
- Gift aid procedure please? 510 5
- Claiming annual pension allowance top up in SATR 215 2
- Leaving the VAT FRS Scheme or trying to stay as long as possible? 279 3
- Mortgage Reference 618 8
- Rounding errors on CT600 343 7
- Insovent companies 916 19
- New Build 257 1
- Website Content 241 1
- Personal Tax 673 12
- Starting band for savings - for 2014/2015 236 1