I'm a UK resident for tax purposes but not UK domiciled (only ties to UK are my current job, I'm on a sponsored visa - no permanent home here and all family in New Zealand). I have a small amount of savings in NZ where the interest being earned is less than the £2000 I believe is the threshold? I am not bringing the interest into the UK but I have brought small amounts of my savings over - around £1600 since Feb last year, just for living expenses.
In addition to this, I've had two grandparents (both NZ domiciled) pass away and received a trust payout from each (around £4000-£5000 each time). Again, this money isn't being brought into the UK and was taxed in NZ. I know that NZ/UK have a DTA and that you don't pay tax on inheritance received overseas, but does this differ for a trust payment, even if it isn't coming in to the UK?
Because it's reasonably small amounts I can't really afford to seek professional guidance on this, but am confused on when the exemption applies for non-UK domiciled tax payers and am not sure whether I need to declare the trust payouts. The money I brought over from my savings is from previous NZ employment income that was taxed there, so I don't need to declare that correct?
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