I have a client who will be out of the UK on 6/4/18 until summer 2019 working for an overseas employer in the Middle East - the contract may be extended for 3 years.
The client does not personally own any property in the UK and has always been UK tax resident. The client is divorced - his wife owning the family home. The client hopes to return to the UK for no more than 30 days in tax year 2018/19 to see his children. The client is also a Director of a UK trading and investment company . The company will continue to trade and rent out its properties whilst the client is overseas. The client may require to remit money to the Uk to his family whilst overseas - will this be taxable in the UK?
The main question is will the client be non-resident for uk income tax in 2018/19? Does the fact that he will still be controlling a UK company from overseas affect the SRT? The client is also considering gifting some shares in his company to his children (over 18) whilst overseas - will CGT be applicable if non-resident? All comments welcomed and thanks in advance.
- Home
-
Tax News
- Budgets and Autumn Statements
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings & Investments, Pensions & Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations & Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practice and Methods
- Professionals in Practice & Industry
- General
- TaxationWeb
-
Tax Articles
- Budgets and Autumn Statements
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings and Investments, Pensions and Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations & Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practice & Methods
- Professionals in Practice & Industry
- General
- Tax Tips
-
Tax Forum
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings & Investments, Pensions & Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations and Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practices & Methods
- Professionals in Practice & Industry
- General
- Tax Jobs
- Get in Touch