Time-saving Self Assessment tax return software for reporting overseas income
If you live in the UK, earning money from overseas can be a great way to boost your income, but you may need to pay tax on it. To do this, you must report it to HMRC via a Self Assessment tax return and SA106 supplementary page.
Taxable overseas income can include:
- earnings from an overseas business
- profits from an overseas business that you own or part-own
- income from renting out overseas property
- profits from selling shares in an overseas business
- payments from an overseas pension.
UK tax can also be payable on foreign capital gains, for example, if you sell an overseas property or overseas business.
Why GoSimpleTax when reporting overseas income and gains?
Each year, many thousands of who live in the UK need to complete and file a Self Assessment tax return SA100 and SA106 supplementary page to report their taxable UK overseas income and/or gains. It’s a faff that many could do without.
It’s a boring task and if you lack knowledge and experience, not only can it take a long time, but you can also make mistakes that can later prove costly. There’s also a big risk that you fail to claim all of your tax expenses and allowances, so you end up paying more tax than necessary.
Save time, hassle and money!
- Using GoSimpleTax makes Self Assessment much easier and quicker, by telling you what information you need to enter and where in your tax return.
- And not only does GoSimpleTax make mistakes less likely, but it can also ensure that you claim all of your tax allowances and expenses, so you save money by paying less tax.
- GoSimpleTax also calculates your tax bill automatically, so you’ll know how much you owe much sooner. This can enable you to better budget for paying your tax bill.
- Multi-award-winning software GoSimpleTax is remarkably easy to use, but our customer support team will also be on hand to help you with any queries.
Need to know! If you’re taxed on your foreign income by the UK and the country in which your income came from, you can usually claim tax relief to get some or all of this tax back.
Try out Go Simple Tax for yourself in our free trial – no credit cards required
How GoSimpleTax Video Works
Watch our video that explains how GoSimpleTax works