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Where Taxpayers and Advisers Meet

Search found 8 matches

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by johnuk
Fri Jan 19, 2018 12:20 pm
Forum: International Tax
Topic: Statutory Residence Test - UK Work question
Replies: 1
Views: 811

Statutory Residence Test - UK Work question

I am trying to get to grips with the statutory residence test. In particular the third automatic UK test which relates to full time work in the UK. HMRC Guidance notes states you will be resident if: "1.36 You work full-time in the UK for any period of 365 days, with no significant break from UK wor...
by johnuk
Thu Dec 21, 2017 7:35 pm
Forum: International Tax
Topic: UK Dividends, move to Thailand
Replies: 3
Views: 6802

Re: UK Dividends, move to Thailand

Thanks for the reply.

I read somewhere that Thailand has no Controlled Foreign Company rules. Does that mean it might be possible for me to remain as a director without any risk ?
by johnuk
Fri Dec 15, 2017 1:03 pm
Forum: International Tax
Topic: UK Dividends, move to Thailand
Replies: 3
Views: 6802

UK Dividends, move to Thailand

My situation is fairly simple. I am domiciled and resident in the UK and a 100% owner of a UK limited company which conducts business in the UK. My only source of income is dividends from the company. I am considering becoming non-resident and retaining ownership of the business. My understanding is...
by johnuk
Sat Jun 03, 2017 10:46 am
Forum: International Tax
Topic: Ltd co owner, dividends & going overseas...
Replies: 2
Views: 920

Re: Ltd co owner, dividends & going overseas...

Thanks for your reply. Malta was indeed one of the places I have looked at and held brief conversations with a number of "professionals" there about this issue. Some told me that my plan was perfectly feasible and a minimum of tax would be payable which would not be affected by any tax treaty. Howev...
by johnuk
Thu Jun 01, 2017 11:46 pm
Forum: International Tax
Topic: Ltd co owner, dividends & going overseas...
Replies: 2
Views: 920

Ltd co owner, dividends & going overseas...

I am currently domiciled and resident in the Uk and a 100% owner of a limited company in England from which I derive my sole income by way of dividends. I am considering becoming non resident and basing myself somewhere more tax efficient and continue to receive dividends. I haven't decided where to...
by johnuk
Wed Dec 21, 2016 12:51 pm
Forum: Income Tax
Topic: Uk Ltd co, going non-resident, dividend question
Replies: 3
Views: 1665

Re: Uk Ltd co, going non-resident, dividend question

Having looked into this further, it has been suggested to me that because of a double tax treaty with Malta, tax would have to be paid somewhere. Is that the fly in the ointment for Malta ?
Where else in the world would you suggest that I could effectively avoid tax on uk dividends ?
by johnuk
Wed Dec 21, 2016 11:46 am
Forum: Income Tax
Topic: Uk Ltd co, going non-resident, dividend question
Replies: 3
Views: 1665

Re: Uk Ltd co, going non-resident, dividend question

Thanks for your answer. Why do you say the tax savings in Malta are marginal ? I understood Malta doesn't tax worldwide income to a non dom resident, and would only tax these on a remittance basis. So providing I don't bring the dividends into Malta surely they wouldn't be taxed. Have I misunderstoo...
by johnuk
Tue Dec 20, 2016 6:01 pm
Forum: Income Tax
Topic: Uk Ltd co, going non-resident, dividend question
Replies: 3
Views: 1665

Uk Ltd co, going non-resident, dividend question

I am currently Uk resident & domiciled and own 100% a UK ltd co which operates a business in this country. My income has been dividends from the co which have been relatively small in order to avoid the higher rates of tax. The business has a small number of employees that have been with me for 20 y...

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