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Where Taxpayers and Advisers Meet

For non-resident investing in UK, what is tax at source?

Joined:Wed Aug 06, 2008 3:15 pm

Postby DW2 » Mon Feb 21, 2005 7:36 am


IÂ’m a UK non-resident who is considering investing in some UK unit trusts. Based on feedback to a previous question I asked this forum about tax liability when investing in the UK and how you should complete your tax return, I read ... alf706.htm

· Which talks about ‘income tax chargeable on non- residents is limited to the tax, if any, deducted at source (provided there is no UK representative for the income)’
So, how do I know if the company I choose to deal with (Legal and General in this case) will choose to try to tax my gains at the source?

Is it just easier to keep my savings outside the UK, assuming I may return one day?

Thanks in advance,

Joined:Wed Aug 06, 2008 3:11 pm

Postby ian.wright@beechams. » Tue Mar 01, 2005 1:53 am

UK Unit Trusts are deemed to have had tax deducted at 10%. This is the tax deducted at source.

When investing you should ask your financial adviser or representative of the company of the tax implications.

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