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Optima Accountants Limited

0292 061 4140

info@optimaaccountants.co.uk

75 Whitchurch Road, Cardiff CF14 3JP

Mon to Fri, 9AM – 6PM

Hong Kong Income &
UK Tax

Hong Kong operates a territorial tax system, but if you're a UK tax resident you may still need to declare Hong Kong income and assets to HMRC.

You work for a company in Hong Kong

You work for a company in Hong Kong

You run a business in Hong Kong

You own property in Hong Kong

You have investments or bank accounts in Hong Kong

You receive dividends or interest

You have moved between Hong Kong and the UK

Why UK Tax May Still Apply

UK residents must declare their worldwide income and gains to HMRC. Income not taxed in Hong Kong can still be taxable in the UK.

Common Hong Kong Income Types and How They're Treated

Income Type UK Tax Treatment (Summary)
Hong Kong employment income Taxable in the UK if you are a UK tax resident
Hong Kong business profits Taxable in the UK; claim credit for Hong Kong tax paid
Hong Kong rental income Taxable in the UK; claim credit for Hong Kong tax paid
Hong Kong interest & dividends Taxable in the UK; claim credit for Hong Kong tax paid
Gains on Hong Kong property UK CGT may apply; credit for Hong Kong tax paid

Not Sure What You Need to Declare?

We'll help you understand your UK tax obligations.

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