Split year treatment on return to UK on offshore interest?

Split year treatment on return to UK on...

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Client came back to the UK part way through 2013/14 after 5 years of non residence and qualifies for split year treatment.

During the year he received overseas interest - some paid before his return, some paid after his return. During the year he also received UK interest - again, some paid before his return, some paid after his return.

As far as I can tell, split year treatment applies to the the UK source of interest, but not to the overseas interest, such that the overseas interest for the full year is taxed in the UK (see 6.48 RDR1).

Am I correct, please?

Thanks.

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By carnmores
24th Jan 2015 15:29

is this still valid

RDRM10245

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