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Sending money from Dubai to UK - Page 2


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  #11 (permalink)  
Old 18th December 2008, 06:24 AM
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You may spend a maximim of 89 days in the UK, now including days of arrival and departure in the UK per tax year, before losing your non-resident status. The rules have changed.


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  #12 (permalink)  
Old 18th December 2008, 06:47 AM
 
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Quote:
Originally Posted by Elphaba View Post
You may spend a maximim of 89 days in the UK, now including days of arrival and departure in the UK per tax year, before losing your non-resident status. The rules have changed.


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Elphaba the technical expert at the HMRC (as the call centre lady didn't know) told me 91 nights on Monday 15th Dec, have they changed since Monday?

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  #13 (permalink)  
Old 18th December 2008, 09:26 AM
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That is the same advice HMRC gave me when I called them about my P85.

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  #14 (permalink)  
Old 18th December 2008, 11:16 AM
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I think I am being thick here - so the situation is that once you have signed your form P85 that any amount you send (which will be below 10k) will be subject to tax???? How will the tax man find out then??

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  #15 (permalink)  
Old 18th December 2008, 12:23 PM
 
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Quote:
Originally Posted by rj.uk View Post
I think I am being thick here - so the situation is that once you have signed your form P85 that any amount you send (which will be below 10k) will be subject to tax???? How will the tax man find out then??
No!!

Sign P85 and leave country (say today 18th December)

You can now transfer money back to the UK - TAX FREE as long as:

1. You don't return to the UK permanently before end of the next FULL tax year - Next full tax year ends April 2010

AND

2. Within each tax year you stay you don't spend any more than 89 days (91nights) in the UK

The technical expert told me that it did not matter how much you send back although HMRC will be informed of transfers around the GBP5000 figure (not the GBP10,000 figure people quote).

I was told if I wanted to remit any money back to the UK for when I am due to return permanently to do it in the tax year BEFORE I return so if I decide to return in May 2011 to do it before March 31 2011 as tax year is April to April.

Hope that clarifies

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  #16 (permalink)  
Old 18th December 2008, 12:37 PM
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I should let you know that banks will report all transfers around GBP5000 (as Crazy says), but sometimes as low as around GBP3000.

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  #17 (permalink)  
Old 18th December 2008, 12:57 PM
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Quote:
Originally Posted by crazymazy1980 View Post
No!!

Sign P85 and leave country (say today 18th December)

You can now transfer money back to the UK - TAX FREE as long as:

1. You don't return to the UK permanently before end of the next FULL tax year - Next full tax year ends April 2010

AND

2. Within each tax year you stay you don't spend any more than 89 days (91nights) in the UK

The technical expert told me that it did not matter how much you send back although HMRC will be informed of transfers around the GBP5000 figure (not the GBP10,000 figure people quote).

I was told if I wanted to remit any money back to the UK for when I am due to return permanently to do it in the tax year BEFORE I return so if I decide to return in May 2011 to do it before March 31 2011 as tax year is April to April.

Hope that clarifies
Thanks for that.

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  #18 (permalink)  
Old 18th December 2008, 01:00 PM
 
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Quote:
Originally Posted by rj.uk View Post
Thanks for that.
As always you are welcome!

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  #19 (permalink)  
Old 22nd December 2008, 12:05 PM
 
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crazymazy1980; That corroborates exactly with a) what a tax advisor has told me and b) what the financial times told me in an article on this exact point last week.

Thanks for your input.

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  #20 (permalink)  
Old 17th March 2009, 11:30 PM
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Quote:
Originally Posted by FlyingDodo View Post
I should let you know that banks will report all transfers around GBP5000 (as Crazy says), but sometimes as low as around GBP3000.
Is this a transfer per month or at any one time??? e.g. 2 transfer of below 3000 in a month- does this qualify as being over the limit and will be reported?

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