I have three questions, which I would be grateful for advice on.
I lived, worked and paid taxes in Australia and The Netherlands, 1997-2007. I would have been classified as a non resident for tax purposes as I spent considerably less than 45 days per year in the UK.
Upon return to the UK (April 2007, for a new job here) I moved any savings and the proceeds of a house sale in The Netherlands to the UK. The only existing offshore assets are pension funds from my work overseas, which I do not draw from yet – and will not for the next 10 years. I retained a (joint) bank account in The Netherlands, in case of returning, but this has had no funds in it since departing.
1) Were there any tax implications of bringing money into the UK from overseas bank accounts?
2) Is it therefore correct to say that I do not have any offshore income, assets or gains on which UK tax may be due, I have sold them all and paid all outstanding tax?
3) With respect to the non-UK pensions, what is the UK policy on taxing non-UK derived pensions (earned while a non-UK resident) after returning to the UK?
- 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