Self-employed, Going to work abroad, liable for UK income tax on foreign income?

[jj11]

Hello,

I will try to summarize my current situation below, if anyone has any thoughts much appreciated as I believe others would be in a similar position:

- I am a software developer my trade, but currently earning a living playing online poker.
- I have a lucrative opportunity to relocate abroad for a couple of years to work with a friend trading crypto-currencies, in SE Asia.

Basically, I expect my income from abroad to be multiple earnings of my average income now but the opportunity to last 1-3 years max. I would like to deposit my earnings made abroad back to the UK.

Will I be taxed on my foreign income by the UK? If so, how would one go about minimizing tax due, legally of course.

I have looked into P85, SRT and split year rules - I am not sure if my work would be suitably official by HMRC, as work abroad is mostly an informal agreement between the 2 of us (long time friends), no contract etc

Any help or guidance much appreciated!

[GlobalTaxAdviser]

Probably not if you away for a full tax year.

Kind Regards

GTA