My wife has been UK resident and UK domiciled for 7 years, hasn't had any UK income during this time and has never had a self-assessment demanded by HMRC.
I have a couple of questions regarding interest and gifts:
1. My wife earns interest of up to £1000 per annum from a savings account in Turkey. Tax is charged at source at 15%.
2. Her mother, who is Turkish and lives in Turkey, gifts her up to £4000 per annum from her pension income.
Is there a requirement to report either of these items to HMRC?
If reporting is required:
a) Does this apply to the entire 7 year period?
b) Will she be charged with fines / tax due / late-pay interest payments due to non-declaration?
Many thanks
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