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Where Taxpayers and Advisers Meet

Search found 43 matches

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by NonDom41
Sun Jan 27, 2019 2:44 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on gift of foreign property?
Replies: 3
Views: 597

Re: CGT on gift of foreign property?

Thank you, Adam593 The flat is situated in Germany and it falls within the German gift tax allowance; i.e. there is no tax due in Germany. It was bought in 1981 for GBP 100,000.00 and the value today is approx. GBP 220,000.00. This means the difference of GBP 120,000.00 would be subject to UK-capita...
by NonDom41
Fri Jan 25, 2019 3:28 pm
Forum: Savings & Investments, Pensions & Retirement
Topic: Tax on gift of investment bond
Replies: 3
Views: 11378

Tax on gift of investment bond

I am a non-domiciled person in the UK and file my income tax returns of my worldwide income on the arising basis. I have a bank account outside of the UK with an investment bond and would like to give this bond as a gift to my son. He lives with me in the UK. It would be a gift/transfer from my fore...
by NonDom41
Fri Jan 25, 2019 3:12 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on gift of foreign property?
Replies: 3
Views: 597

CGT on gift of foreign property?

I am a non-domiciled person in the UK and file my income tax returns of my worldwide income on the arising basis. I own a flat outside of the UK and would like to give it as a gift to my son. He lives with me in the UK. This flat has nothing to do with the UK and has been in my possession long befor...
by NonDom41
Wed Jan 23, 2019 8:01 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Non.Domiciled
Replies: 10
Views: 1300

Re: Non.Domiciled

@AGoodman To A) The company bought the flat a long time ago, before I came to the UK. I do not file on the remittance basis. I think the tax situation you described would apply anyway and has nothing to do with the 15-year residency (domiciled or not). Correct? To B) Are only cash transfers tax-exem...
by NonDom41
Mon Jan 21, 2019 4:51 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Personal tax implications for beneficiary from discretionary trust
Replies: 5
Views: 792

Re: Personal tax implications for beneficiary from discretionary trust

@AGoodman

Sorry for my interruption. I have sent you a Private Message; can you please check?
by NonDom41
Tue Jan 15, 2019 5:42 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Non.Domiciled
Replies: 10
Views: 1300

Re: Non.Domiciled

@goodman

Thank you very much for your detailed information.

I have sent you a Private Message a few days ago; did you receive it? If not, please send me a PM and I will reply.
by NonDom41
Mon Jan 14, 2019 9:40 pm
Forum: General
Topic: Private Message (PM)
Replies: 1
Views: 623

Private Message (PM)

I am unable to send private messages. If I send a private message it only shows up in my OUTBOX but not under SENT MESSAGES even though I pressed SEND.

What am I doing wrong?
by NonDom41
Mon Jan 14, 2019 8:16 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Non.Domiciled
Replies: 10
Views: 1300

Re: Non.Domiciled

Can anyone answer my last questions A and B? (@Goodman?)
by NonDom41
Fri Jan 11, 2019 5:01 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Non.Domiciled
Replies: 10
Views: 1300

Re: Non-Domiciled

@Goodman A) To avoid the described problems it would be advisable that my son buys the flat from the company. Then the foreign company has income or claim but this is not taxable in the UK. B) If I give a part of my foreign bank savings to his foreign bank account it should also be UK-tax free. Righ...
by NonDom41
Fri Jan 11, 2019 1:33 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Non.Domiciled
Replies: 10
Views: 1300

Re: Non.Domiciled

@Goodman

I have sent you a PM

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