UK TAX RETURNS FOR UK Non-Residents Are you living and working in the UK but are a non resident? The taxation of residents and non-residents in the UK is very different but there is a Statutory ‘Residence’ Test to help you determine whether you are resident or not. The test applies ...
The taxation of income and capital gains while you are here Whether to use an offshore company to hold UK assets Inheritance tax rules on UK and overseas assets Help with will writing and related tax planning Our experts are familiar with all these issues and are happy to welcome you and ...
As already outlined, the basic rule is that non-residents are fully liable to UK tax in respect of their UK income. However, this is displaced in the case of what is called 'disregarded income'. Disregarded income consists principally of dividends and interest; it does not include rental inc...
in particular, to develop for onward sale, to invest and receive rental income and to provide a private residence for family when visiting the UK – each reason for acquiring property will give rise to an exposure to UK taxation, including Stamp Duty, VAT and the Annual Tax on Enveloped ...
If, however, the asset (being non-property related), such as a portfolio investment, was acquired after you had left the UK, any gain realised is not subject to UK Capital Gains Tax if you are indeed non-UK resident. When double taxation agreements are taken into account, capital gains ...
Changes to the taxation of non-domiciled individuals with the introduction of a new regime for personal Foreign Income and Gains Regime (FIG), which could provide expats in the UK with new planning opportunities. Conclusion The trend I see is one of rampant speculation and constant flip-flopping...
New draft legislation published for technical discussion provides some further detail on the UK Government’s proposed taxation of non-UK residents’ gains
Changes To Taxation For Non-Domiciled UK Residents.McCormack, Michael
Read more UK - September 6, 2024 New UK Labour government sets out changes to the taxation of non-doms Read more UK - September 6, 2024 Live Webinar: Pre budget tax planning for UK residents and UK nationals living abroad Read more...
New UK Labour government sets out changes to the taxation of non-doms Read more UK - September 6, 2024 Live Webinar: Pre budget tax planning for UK residents and UK nationals living abroad Read moreGet in Touch Please contact us if you have any questions or queries and your local repre...