UK Tax Laws

Hi,

Just joined the forum and glad there is something like this !

I have a question on the non-domicile non-resident issue.

what kind of tax is payable by a person who is a non resident and non domicile in the UK?

Thanks!

Hi, I'd ask this in the tax section. And by the way, if you are non-resident and non-dom, why do you have make a tax return at all? I suppose for the record you could file a zero earnings return.

My understanding is that you are only liable for capital gains tax if you realise the gain during a tax year for which you are deemed tax resident. So when non-resident, no CGT is due to the British tax man. But you would probably owe some sort of tax in the country for which you are tax resident, and there are special rules to stop you going on a one year holiday and coming back the following year - I think you have to be away for at least five years, or something like that. And the rules change all the time. Non-domicile is not particularly relevant when realising UK based capital gains I believe.

This site has excellent books on the matter:

Capital Gains Tax & Inheritance Tax UK Advice Guide

ahardy66 said:

Hi, I'd ask this in the tax section. And by the way, if you are non-resident and non-dom, why do you have make a tax return at all? I suppose for the record you could file a zero earnings return.

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Thanks for the message Adam !

what kind of tax is payable by a person who is a non resident and non domicile in the UK?

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I would seek professional advice on this.


Paul