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Do you earn income from abroad while living in the UK? If so, you might be worried about paying tax twice — once in the foreign country and again to HMRC. Thankfully, the UK’s Foreign Tax Credit Relief (FTCR) system ensures you’re not taxed twice on the same income. In this detailed guide, MTA (My Tax Accountant) explains everything you need to know about Foreign Tax Credit Relief in the UK, how it works, who qualifies, and how to claim it.

The UK has Double Taxation Agreements (DTAs) with more than 130 countries to prevent double taxation. This video simplifies these complex rules so you can understand exactly how to benefit from Foreign Tax Credit Relief and keep more of your hard-earned income.

✅ In This Video, You’ll Learn:

What Foreign Tax Credit Relief (FTCR) means under UK tax law

Who qualifies for tax credit relief on foreign income

Which types of income are eligible (salary, dividends, interest, pensions, rental income, etc.)

How Double Taxation Agreements (DTAs) work between the UK and other countries

The difference between unilateral relief and treaty relief

How to calculate the amount of tax relief you can claim

When you must declare foreign income to HMRC

How to claim Foreign Tax Credit Relief through Self Assessment (SA106 form)

How to avoid common mistakes when declaring overseas income

The rules for UK residents vs. non-domiciled individuals

What happens if you’ve already paid foreign tax at a higher rate

How to apply the Foreign Tax Credit Relief cap (limited to the UK tax payable on that income)

💷 Example:
If you’re a UK resident who earned £10,000 from an overseas investment and paid 15% foreign tax on it, you may be able to offset that foreign tax against your UK liability on the same income — meaning you won’t pay tax twice.

📈 Key Updates for 2025/26:

UK’s personal allowance remains at £12,570.

FTCR still applies to income from countries with or without a tax treaty.

Digital reporting through HMRC’s Making Tax Digital (MTD) platform is expanding for individuals with international income.

🌍 Who Benefits Most:

UK residents with foreign employment income

Expats returning to the UK

Investors with dividends or rental income abroad

Pensioners receiving overseas pensions

Self-employed professionals with international clients

💼 Expert Help from MTA (My Tax Accountant):
At MTA, we specialise in helping UK taxpayers with international income navigate the complexities of foreign tax relief, double taxation treaties, and HMRC reporting. Whether you’re an expat, investor, or business owner, our expert accountants can help you claim every relief you’re entitled to — legally and efficiently.

📞 Contact MTA (My Tax Accountant) today for professional tax advice:
WhatsApp / Phone: 07854 255375
Email: [email protected]

Website: www.mytaxaccountant.co.uk

Subscribe now to our channel for more expert videos on UK taxation, HMRC rules, Self Assessment, double taxation, and international tax planning.

⚠️ Disclaimer:
This video is for general informational purposes only and does not constitute financial or legal advice. Tax laws and international treaties may change. Always seek professional advice for your specific situation. MTA (My Tax Accountant) and its representatives accept no liability for any loss or damages arising from reliance on the information presented.

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