Hi,
I was born in Spain and have lived there all my life. I went to school in the UK (I'm now 68) and have had a investment portfolio with a UK stock broker friend for over 25 years. The portfolio is worth about £800,000 and is invested in a range of blue chip shares such as Shell, HSBC, Microsoft and JP Morgan.
I am concerned about Jeremy Corbyn getting into power, so am thinking about moving this portfolio to an offshore custodian (my stockbroker says the portfolio can be held on their Jersey platform - it is currently on their UK platform)
Would this cause a tax problem for me?
I pay all my taxes in Spain, and have a Spanish accountant. I have never submitted a UK tax return, and don't think I have any UK income tax, capital gains tax or Inheritance Tax liabilities.
The question is basically - am I correct in thinking I don't have a tax problem, and would moving everything to Jersey suddenly cause a UK tax problem?
- 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