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Where Taxpayers and Advisers Meet

Search found 7 matches

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by EXPATAX@BLUEYONDER.C
Tue Jul 01, 2003 10:29 am
Forum: Capital Gains Tax, CGT
Topic: CGT on selling a property while living abroad
Replies: 1
Views: 1279

<t>Sunil,<br/> <br/> I am assuming you are a UK domiciled individual and do not hold a US "green card".<br/> <br/> Assuming you lived in the property as your principal private residence for part of the time, there are various releifs and exemptions avalialbe to you which will reduce your UK tax expo...
by EXPATAX@BLUEYONDER.C
Tue Jul 01, 2003 4:04 am
Forum: Income Tax
Topic: non British national and Tax situation
Replies: 1
Views: 1278

<t>Individuals from overseas working in the UK with an intention of remaining here for less than 3 years do receive tax breks in respect of non UK workdays.<br/> <br/> Once you have been here more than three years the way to reduce your UK exposure on non UK workdays is to have 2 contracts of employ...
by EXPATAX@BLUEYONDER.C
Tue Jul 01, 2003 3:58 am
Forum: Company Taxation
Topic: Employer's Tax liability
Replies: 1
Views: 1135

Strictly yes and the Inland Revenue may seek collection via yourself if the overseas company does not comply.
by EXPATAX@BLUEYONDER.C
Tue Jul 01, 2003 3:52 am
Forum: Income Tax
Topic: Moving to Spain
Replies: 4
Views: 1842

Apologies your pension may not be exempt if it is from government sources as opposed to company pensions.
by EXPATAX@BLUEYONDER.C
Tue Jul 01, 2003 3:50 am
Forum: Income Tax
Topic: Moving to Spain
Replies: 4
Views: 1842

Hi Keith,

Assuming you are ging to be a resident of Spain and not a resident of the UK you will be liable to Spanish tax on the pension and will be able to claim zero UK withholding by virtue of the UK/Spanish Double Taxation Treaty.

Regards

Mark
by EXPATAX@BLUEYONDER.C
Tue Jul 01, 2003 3:43 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Non resident NIC
Replies: 3
Views: 2243

<t>The amount of UK Social Security Tax you pay in respect of earnings from your compay will depend greatly on the country you are now a resident and whether there is a Social Security Agreement with that country.<br/> <br/> If there is an agreement you do not have to pay Social Security in both cou...
by EXPATAX@BLUEYONDER.C
Tue Jul 01, 2003 3:38 am
Forum: General
Topic: Moving overseas - Tax breaks of this...?
Replies: 4
Views: 1508

<t>Rukesh,<br/> <br/> With regard to the CGT on the UK property, your client needs to be outside the UK for 5 complete tax years before this will be free from tax. All assets sold during the overseas period of less than 5 years are treated as sold in the year of return i.e. only one CGT annual exemp...

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