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Where Taxpayers and Advisers Meet

Search found 8 matches

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by hk1999
Sat Mar 16, 2019 4:52 am
Forum: Savings & Investments, Pensions & Retirement
Topic: EXPAT RETURNING TO UK AFTER 22YRS
Replies: 3
Views: 91

Re: EXPAT RETURNING TO UK AFTER 22YRS

Hi Darthblingbling & AGoodman, thank you both for the quick and helpful responses :D

We will be taking further advise from tax and investment planners.

Cheers
by hk1999
Thu Mar 14, 2019 5:48 am
Forum: Savings & Investments, Pensions & Retirement
Topic: EXPAT RETURNING TO UK AFTER 22YRS
Replies: 3
Views: 91

EXPAT RETURNING TO UK AFTER 22YRS

Hi All, if you could help on any of below issues i would be most grateful. 1. Can a SIPP be started before moving back to UK or after moving to UK even though I have no salary in UK, would this be tax efficient for the earnings (re-invested) before eventual pay-out or consider alternatives 2. Is div...
by hk1999
Mon Mar 11, 2019 7:04 pm
Forum: International Tax
Topic: Foreign income tax relief
Replies: 7
Views: 511

Re: Foreign income tax relief

I am a UK expat and have worked in China and Hong Kong since 1997 (still do). It is common for Chinese and some International companies to understate wages to tax authority in order to significantly reduce deductions (rates are progressive to 45%, very high compared to Hong Kong at 17%). If you push...
by hk1999
Mon Mar 11, 2019 6:25 pm
Forum: Savings & Investments, Pensions & Retirement
Topic: non domiciled remittance basis
Replies: 5
Views: 124

Re: non domiciled remittance basis

darthblingbling is correct. UK dividends are UK source so remittance basis does not apply to them. You would need to switch to foreign investments.
Hi AGoodman, thanks for your confirmation of Darthblingblings good advice! :)
by hk1999
Mon Mar 11, 2019 9:59 am
Forum: Savings & Investments, Pensions & Retirement
Topic: non domiciled remittance basis
Replies: 5
Views: 124

Re: non domiciled remittance basis

The dividends sound like they're UK sourced, so would be taxable in any scenario. Hi Darth, thanks for advise. At the moment all our UK sourced dividends are not taxed because we are not resident in UK, I am hoping (obviously :D) that this will stay same if they are not remitted, when we beome resi...
by hk1999
Mon Mar 11, 2019 4:50 am
Forum: Savings & Investments, Pensions & Retirement
Topic: non domiciled remittance basis
Replies: 5
Views: 124

non domiciled remittance basis

My wife will become resident but non-dom and elect to pay on remittance basis (do we have to decalre the earings IF we dont intend to remit?). Her overseas earnings will be in the form of Foreign and UK dividends by companies held with an offshore broker (Interactive Brokers Hong Kong) Provided the ...
by hk1999
Sat Jul 22, 2017 3:45 pm
Forum: Income Tax
Topic: Tax on dividends if sole income
Replies: 4
Views: 2059

Re: Tax on dividends if sole income

Hi guys, thanks for the quick and concise replies, I am very grateful!

I didn't mention that I am an expat (overseas 20yrs) contemplating returning to UK, will try to remain non-resident for a few years but may succumb to the long arm of the tax man eventually.
by hk1999
Sat Jul 22, 2017 10:49 am
Forum: Income Tax
Topic: Tax on dividends if sole income
Replies: 4
Views: 2059

Tax on dividends if sole income

Hi, if my total income is derived from dividends (UK listed, Hong Kong Listed, Australia listed companies) will I only be taxed inline with the new dividend rules?

5,000 tax free
5,001 to 43,000 @ 7.5%
43,001 to 150,000 @ 32.5%

thank you
hk1999

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