Hi,
Can anyone help me with a query about our UK tax return (due in just a few days!!). I am currently filling in my UK tax return for 2009/10 but am stuck at the foreign income section and am a little confused.
We moved here to CH in December 2009, we recieved a lump sum from my husbands company to cover removal costs. As we had not managed to set up a Swiss bank account at that time the whole payment was made into our UK bank account. My husband has since paid swiss tax on this lump sum payment however.....as it was 'remitted' back to the UK I imagine we will need to declare it. How does the Double taxation agreement work? Will we end up paying UK tax on this lump sum also?
Any help would be very much appreciated, I am struggling to understand how the DTA works!
Sorry.....I said "my" tax return.....I actually meant "our" tax returns as it is my husbands we are struggling with!