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Box 1: Foreign | Additional Information | select Unable to transfer overseas income to the UK
Box 2: Box is completed automatically
by IRIS if you have ticked the box to claim foreign tax credit relief
and the income is more than £300.
If income is below £300 please do the following:
Foreign | Additional Information | select Force dividends of £300 or less onto the Foreign pages
To see the foreign tax credit relief the client will get, go to Reports | Foreign Tax Credit Relief
Box 3: Foreign | Dividends and interest | Enter any UK/Special withholding tax that applies to Foreign Interest sources.
Box 4: Calculated automatically. For more information, go to Reports | Schedules of data
Box 5: Foreign | Dividends and interest | Enter any UK/Special withholding tax that applies to Foreign Dividends sources.
Box 6: Calculated automatically. For more information, go to Reports | Schedules of data
Box 7: This box is no longer in use.
Pre 2017 Foreign | Dividends and interest | For Foreign Dividends, select Does not qualify for UK tax credit.
Box 7.1: Foreign | Dividends and interest | Tick the Taxed on the remittance basis box. Enter any UK/Special withholding tax that applies to Foreign Interest sources.
Box 7.2: Calculated automatically. For more information, go to Reports | Schedules of data
Box 7.3: Foreign | Dividends and interest | Tick the Taxed on the remittance basis box. Enter any UK/Special withholding tax that applies to Foreign Dividend sources.
Box 7.4: Calculated automatically. For more information, go to Reports | Schedules of data
Box 7.5: Foreign | Dividends and interest | Select the remitted dividend source and click edit where the remitted income has been entered.
Tick Qualifies for Tax Credit
Box 8: Foreign | Pensions | Enter any UK/Special withholding tax that applies to Foreign Pension sources.
Box 9: Calculated automatically. For more information, go to Reports | Schedules of data
Box 10: Foreign | Income Received by Overseas Trusts etc. |Select the Dividend option | Enter any UK/Special withholding tax that applies to Dividend income received by a person abroad.
Box 11: Calculated automatically. For more information, go to Reports | Schedules of data
Box 12: Foreign | Income Received by Overseas Trusts etc.|Select the Other Income option | Enter any UK/Special withholding tax that applies to Other income received by a person abroad.
Box 13: Calculated automatically. For more information, go to Reports | Schedules of data
Box 13.1: Foreign | Income Received by Overseas Trusts etc. | Select the Other Income source and click Edit where the other income has been entered. Enter the lower of the amount associated from residential property income or Restricted Finance Costs.
Box 13.2: Calculated automatically. For more information, go to Foreign | Property Allowance and Residential Finance Costs | Residential Finance Costs
Box 14: Foreign | Property Income | New- enter property details | New (under Income tab) - enter income.
Box 14.1: Foreign | Property Allowance and Residential Finance Costs | Tick the Claim Property Income Allowance option in Foreign Property - Other section and enter an amount into the Maximum Allowance field.
Box 14.2: Foreign | Property Income | Select Edit on property | Tick Property profits have been calculated using traditional accounting instead of cash basis.
Box 15: Calculated automatically based on the number of foreign property entries, as well as figures entered into field Enter the number of properties this data relates to in each property entry.
Box 16: Foreign | Premium on Lease | New, enter details.
Box 17: Foreign | Property Income | New (under Expense tab) - enter figures.
Box 18: Calculated automatically, see Schedules of Data for more information.
Box 19: Foreign | Property Income | New- enter property details | New (under Income tab) or select already created entry | Complete Private Use.
Box 20: Foreign | Property Income | New- enter property details | New (under Income tab) or select already created entry | Complete Balancing Charge.
Box 21: Foreign | Property Income | New- enter property details | New (under Expenses tab) | Select Expense type 10 and enter figures.
Box 21.1: Foreign | Property Income | New- enter property details | New (under Expenses tab) | Select Expense type 27 and enter figures.
Box 22.2: Foreign | Property Income | New- enter property details | New (under Expenses tab) | Select Expense type 26 and enter figures
Box 23: One of the following:
Pre-2017 - Foreign | Property Income | New- enter property details and select Claim 10% wear and tear allowance
Foreign | Property Income | New- enter property details | New (under Expenses tab) | Select Expense type 21 and enter figures
Box 24: Calculated automatically. For more information, go to Reports | Schedules of data
Box 24.1: Foreign | Property Income
Select the Expenses option in the bottom half of the screen and click New.
Choose from types: 16 and 17.
Box 24.2: This is automatically populated – see Foreign | Property Allowance and Residential Finance Costs | Residential Finance Costs for more information
Box 25: Calculated automatically. For more information, go to Reports | Schedules of data
Box 26: Foreign | Property losses | Property loss brought forward
Box 27: Calculated automatically. For more information, go to Reports | Schedules of data
Box 28: Foreign | Property Income | New- enter property details | New (under Income tab) or select already created entry | Tax Paid: Foreign
Box 29 – 30: Calculated automatically. For more information, please go to Reports | Schedules of data
Box 31: Foreign | Property Losses | Loss offset against total income
Box 32: Calculated automatically. For more information, go to Reports | Schedules of data
Box 33: Edit | Capital Assets | when disposing of an asset, shareholding or entering an other capital gain, select Foreign Tax Credit Relief and complete this section.
Box 34 - 36: These boxes are no longer in use on the return. This is an HMRC decision.
Box 37: Edit | Capital Assets | when disposing of an asset, shareholding or entering an other capital gain, select Foreign Tax Credit Relief and complete this section.
Box 38: Edit | Capital Assets | when disposing of an asset, shareholding or entering an other capital gain, tick the Foreign Tax Credit Relief box and complete this section.
Box 39: Calculated automatically. For more information please go to Reports | Foreign tax credit relief
Box 40: Edit | Capital Assets | when disposing of an asset, shareholding or entering an other capital gain, select Foreign Tax Credit Relief and complete this section.
Box 41: Foreign | Disposal of Holdings in Offshore Funds etc. | New - enter source details | New (at the bottom of the screen)- enter income details.
Box 42: Foreign | Income Received by an Overseas Trust, Company or Other Entity | New - enter source details, tick Benefit box | New (at the bottom of the screen)- enter income details.
Box 43: Foreign | Gains on Foreign Life Assurance Policies | New -complete relevant information.
Box 44: Foreign | Gains on Foreign Life Assurance Policies | New - complete relevant information including number of years.
Box 45: Foreign | Gains on Foreign Life Assurance Policies | New - complete relevant information including tax deducted.
Box 46: Foreign | Additional Information | Enter the amount of any income that has been omitted from boxes 11, 13, or 42