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Where Taxpayers and Advisers Meet

Search found 43 matches

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by NonDom41
Thu Jul 26, 2018 4:44 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Inheritance NonDom
Replies: 11
Views: 1319

Re: Inheritance NonDom

Sorry, another question : A new regulation in continental Europe says that the non-dom described above could determine in his last will that his nationality (instead of his residency) should apply. If such a last will has been created in his land of birth by a notary before the non-dom has been resi...
by NonDom41
Mon Jul 23, 2018 5:00 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Inheritance NonDom
Replies: 11
Views: 1319

Re: Inheritance NonDom

Thank you, maths.
by NonDom41
Mon Jul 23, 2018 12:37 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Inheritance NonDom
Replies: 11
Views: 1319

Re: Inheritance NonDom

A last question : As agreed already, If a NonDom makes a gift from his foreign bank account to his son's foreign bank account (and the NonDom lives in the UK below the 15 year threshold and the gift has no UK origin or other relation to the UK) this gift is UK-tax free. Is an official gift certifica...
by NonDom41
Fri Jul 13, 2018 9:38 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Inheritance NonDom
Replies: 11
Views: 1319

Re: Inheritance NonDom

Thank you, maths. A last question : If the NonDom is resident for more than 15 years in the UK and dies in the UK after this period of time I think the heir has to pay UK-inheritance tax (if nothing has been arranged before, i.e, trust, gift etc). Just as a quick reminder : All these assets are outs...
by NonDom41
Wed Jul 11, 2018 10:03 pm
Forum: Income Tax
Topic: Bank charges deductible ?
Replies: 1
Views: 419

Bank charges deductible ?

If you receive interest payments from an investment portfolio at a foreign bank you have to report these interest payments in your income tax return. This is clear. However, the question is : The bank charges you fees for running your portfolio. Can you deduct these fees from the interests you repor...
by NonDom41
Mon Jul 09, 2018 5:05 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Inheritance NonDom
Replies: 11
Views: 1319

Re: Inheritance NonDom

Thank you, maths. This means that establishing an offshore trust could be taken into consideration in order to save inheritance tax. The crucial issue is finding a reliable trustee. I suppose the settler of the trust or the beneficiary cannot appoint himself as trustee. However, anybody else can be ...
by NonDom41
Sun Jul 08, 2018 3:38 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Inheritance NonDom
Replies: 11
Views: 1319

Inheritance NonDom

Following case : A non domiciled person is resident in the UK since 2005 (below the 15 year limit) and owns properties outside the UK (savings, bonds, real estate). These properties have no UK origin and have no relations to the UK whatsoever. If this NonDom dies before he has reached 15 years of UK...
by NonDom41
Sat Jan 06, 2018 9:37 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Not Domiciled
Replies: 11
Views: 1842

Re: Not Domiciled

Thank you for your hint regarding a possible gift tax in the USA. I do not believe this will be the case because we both are nonresident aliens and not subject to U.S. tax, however, will check with a US-lawyer. You are right, there is a risk of taxes if my son should die during his ownership. I have...
by NonDom41
Wed Dec 06, 2017 10:09 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Not Domiciled
Replies: 11
Views: 1842

Re: Not Domiciled

maths

Thank you very much for your information.
by NonDom41
Mon Dec 04, 2017 9:47 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Not Domiciled
Replies: 11
Views: 1842

Re: Not Domiciled

Is there anybody who can answer these questions ?

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