I have been abroad for 10 yrs and saved funds in an offshore account. I'll soon be moving back to the UK and would like to know :
1) Can I leave my ac offshore and send funds to the UK as required (eg for deposit on a house)
2) I am also buying a property in the UK for investment purposes. Should I set up a company incorporated abroad and send the income to the offshore account ?
Tax liability moving back to UK from Asia
2 posts • Page 1 of 1
by Arfur Sixpence on Thu Mar 02, 2006 5:22 am
- Arfur Sixpence
- Posts: 1
- Joined: Wed Aug 06, 2008 3:35 pm
by Taxbar on Thu Mar 02, 2006 5:35 am
You need proper professional advice.
Timing is important as you will be taxed in the UK on worldwide income and gains.
You probably need to close your accounts before you return otherwise the interest will taxable.
Daniel Feingold
STP
info@stratax.co.uk
Timing is important as you will be taxed in the UK on worldwide income and gains.
You probably need to close your accounts before you return otherwise the interest will taxable.
Daniel Feingold
STP
info@stratax.co.uk
- Taxbar
- Posts: 1234
- Joined: Wed Aug 06, 2008 2:19 pm
2 posts • Page 1 of 1
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