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Where Taxpayers and Advisers Meet

Moving from Brazil to the UK with prior assets

spfl
Posts:1
Joined:Tue Feb 14, 2017 11:31 pm
Moving from Brazil to the UK with prior assets

Postby spfl » Tue Feb 14, 2017 11:34 pm

Hello,

I am a Brazilian citizen moving to England for work. I am not completely sure for how long I will be staying in the UK (may be permanently), as the position I am taking is not temporary. I have investments in Brazil and, at first, do not plan on moving them to the UK, but I may decide to do so in the future. Therefore, I would like to now how to proceed for tax purposes. Should I declare all my assets in Brazil even if they were obtained prior to my move to the UK (and duly taxed)? Does it make any difference if I plan on moving those assets to the UK in the future or not?

Thank you

GlobalTaxAdviser
Posts:633
Joined:Fri Dec 05, 2014 1:18 am

Re: Moving from Brazil to the UK with prior assets

Postby GlobalTaxAdviser » Wed Feb 15, 2017 10:04 am

Hi

If you become resident in the UK And non domiciled in the UK then you would need to declare any overseas income or capital gains through either the remittance or arising basis

Kind Regards

GTA


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