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Where Taxpayers and Advisers Meet

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by NonDom41
Mon Jan 14, 2019 9:40 pm
Forum: General
Topic: Private Message (PM)
Replies: 1
Views: 680

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: 1512

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: 1512

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: 1512

Re: Non.Domiciled

@Goodman

I have sent you a PM
by NonDom41
Wed Jan 09, 2019 8:53 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Non.Domiciled
Replies: 10
Views: 1512

Re: Non.Domiciled

Thank you both for your information. I have been the owner of a small electronics company since 1976, founded in my son's country of birth. This company owns a flat and will gift it to my son before April 05 (before the 15th tax year is over). We visit this country at least once a year and the long ...
by NonDom41
Wed Jan 09, 2019 4:44 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Non.Domiciled
Replies: 10
Views: 1512

Non.Domiciled

I came to the UK on Jan 01, 2005 with my then 9 year old son. He is 23 now. I have a written confirmation from HMRC that I am considered a Non-Dom. My son never worked in the UK or earned any money. He went to school and finished University last autumn. My question is: Is he automatically also a Non...
by NonDom41
Mon Nov 26, 2018 1:59 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Gift/Inheritance Tax Non Domiciled Person
Replies: 13
Views: 1636

Re: Gift/Inheritance Tax Non Domiciled Person

Does this mean that all UK citizens resident in the UK are subject to UK taxes for 3-4 years if they emigrate?
by NonDom41
Sun Nov 25, 2018 2:59 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Gift/Inheritance Tax Non Domiciled Person
Replies: 13
Views: 1636

Re: Gift/Inheritance Tax Non Domiciled Person

Does this mean that any UK-domiciled person is still liable to UK-tax for 3 or 4 years on his worldwide income after he has left the UK? Even though he has no ties to the UK anymore and his centre of life is undoubtedly in another country? Does this apply to every domiciled UK-resident?
by NonDom41
Tue Nov 20, 2018 7:08 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Gift/Inheritance Tax Non Domiciled Person
Replies: 13
Views: 1636

Re: Gift/Inheritance Tax Non Domiciled Person

@Goodman Thank you for the clarification. I was not sure because the Non-Dom was not in the UK for the entire calendar year of 2004 and therefore thought the count might begin with the tax year 2005/06. Let's say the Non-Dom leaves the UK and becomes resident in Austria (he keeps no ties to the UK a...
by NonDom41
Tue Nov 20, 2018 4:48 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Gift/Inheritance Tax Non Domiciled Person
Replies: 13
Views: 1636

Re: Gift/Inheritance Tax Non Domiciled Person

@DavidTreitel You are right - HMRC would not demand UK tax for giving a property away in the USA. However, this change of ownership has to be registered with the US-land registry. The IRS would treat this as a gift and would demand full gift tax. What one can do is give away the property piece by pi...

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