Hello everyone,
I'am in desperate need of help. I received a a letter from HMRC regarding overseas income that basically says we believe you have not declared overseas income.
I initially thought it could be something to do with foreign dividends which i declared in SA 6 years ago.
I phoned HMRC to get more information and they said that income was from Italy and are postal bonds, he also mentioned interest earned.
I have now found out that my Father had my name on these Italian postal bonds as well as his. I was second named, apparently you put a name place of birth and date of birth.
I had no knowledge my name was on these bonds.
He cashed in these bonds and transferred the money to the UK.
The interest on these postal bonds are calculated and taxed on remittance.
I have tried to get as much information from my dad but he is now 92 and partially death.
I'am in despair as I don't know what to do and having sleepless nights over this.
Thanks for responses
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