[Colonel Blimp]

Sorry if this is a much trodden path but, a quick question about shutting things down in the UK before I head Dubai-wards. In order to be a tax exile, I understand I can rent my UK home out and pay a tax for that but in terms of getting other stuff sorted, do I have to close bank saving accounts/ investments and then move them into offshore accounts? Don't get me wrong, I don't have much...

 

[Gavtek]

No, just fill in the P85 form giving detail of the rental income, etc, then once you've left the country you just need to pay tax on any income earned in the UK.