Hi
I need some advice as I may have done something very silly with regards to tax.
I am a uk citizen, living in Thailand for 16 years as non uk resident.
(I have never filled any forms out for this, I just left)
I have paid no tax in Thailand but have been there over 186 days a year.
I have no idea what my Dom is at present or if it’s relevant to what I have done.
I have earned a large amount of money offshore on ships in different parts of the world.
as a seafarer for the last 20 years, I have paid some tax in different countries over the years but not much.
All money was earned outside the uk, I had my salary paid into an offshore Santander jersey account, all money is savings from the last 20 years of salary
I took voluntary redundancy in 2014 and have been retired to present.
I decided to invest in property in the uk in tax year 2016-2017 and bought a flat for 140k,
do I have to pay tax on bringing that money over ? I did not live in the flat, I did pay the higher stamp duty on the place as an investment property.
I understand I will pay tax on the rental income if it’s over 11k a year, that’s not a problem, ( hope I still get the 11k allowance per tax year for earnings )
But what about the initial amount I brought over, have I shot myself in the foot ?
I did spend 154 days in the uk looking for property that year.
Also I bought a house this year 2017-2018 tax year for 189k and spent
And spent 88 days in the uk to complete that.
I do pay class 2 NI every year, for the last 6 years.
Any previous tax years, i have spent less than 2 weeks in the uk. In any given year, some years no days in the Uk at all.
Any help would be much appreciated
Thanks
Roy boy
- Home
-
Tax News
- Budgets and Autumn Statements
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings & Investments, Pensions & Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations & Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practice and Methods
- Professionals in Practice & Industry
- General
- TaxationWeb
-
Tax Articles
- Budgets and Autumn Statements
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings and Investments, Pensions and Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations & Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practice & Methods
- Professionals in Practice & Industry
- General
- Tax Tips
-
Tax Forum
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings & Investments, Pensions & Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations and Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practices & Methods
- Professionals in Practice & Industry
- General
- Tax Jobs
- Get in Touch