Hi,
Have just moved to the UK about 6 months ago. I class myself to be a non-dom as I was born abroad and have lived abroad. However, my spouse and children have lived in the UK for almost 18 years and again, adopt the non-dom status. None of us have filed for non-dom status with HMRC. We hold a joint account offshore (IOM) in joint names which earns gross interest.
With the recent non-dom rules, will I and my family have to pay the £30,000 charge even though we don't want to remit/transfer any income to the UK from our offshore accounts?
I have researched on the internet and have come across statements that mention:
"Non-doms who have been living 7 years in the UK will have to pay £30,000...........and another statement stated that "no tax will be applied to offshore earnings as long as they are not brought into the UK".......
Which of the above apply to me and my family? Will we have to pay £30,000 (even though we can't) or will we be exempt as we don't want to remit any money to the UK?
Any help would be highly appreciated.
Thank you.
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