Investment Income

a.	All your interest, dividends and rents arising from the following sources must be declared on your Income Tax Return for the year in which the income arises.  Jersey bank accounts, both current and deposit
b.	Overseas bank accounts, both current and deposit
c.	United Kingdom National Savings products, excluding Savings Certificates
d.	United Kingdom and other government securities
e.	Shareholdings in United Kingdom and foreign companies.
f.	Interests in foreign trusts.
g.	Foreign loans.
h.	Rebates of United Kingdom or Guernsey tax arising from double tax claims.
i.	Jersey let property.
j.	Overseas let property.

No deduction can be made from Jersey bank interest to arrive at the amount assessable to tax. For deductions allowable against income from Jersey property, please refer to the Income from Property leaflet.

Certain deductions can be made from foreign investment income before arriving at the amount assessable to tax. Examples of the kind of deduction allowable are given below:

1. Deductions for rates, repairs, insurance and management can be claimed against rents arising abroad.

2. In the case of overseas dividends collected by an agent abroad, his commission is allowed as a deduction.

3. Foreign tax paid in the country where the income has arisen.

4. Annual interest or other annual payments payable out of the foreign income to a person not resident in Jersey, before the foreign income is received in Jersey.

Further advice on any of the matters in this leaflet can be obtained from the Comptroller of Income Tax.