I haven't much time to answer you in full right now, but in brief, you start by completing and return HMRC form P86 to declare yourself non-resident.Yes another question - sorry! Can anyone advise as to what we need to do to ensure we are not UK taxed on our Dubai salaries? We will also be keeping our property in UK will this affect our taxation?
I can tell you it is a pain to do as I have done some part of it and am awaiting to the the rest. The form you will need to fill and send is indeed the P85 which can be done while within the UK or form outside, with it you will need to include the P45 if you were working previously.Yes another question - sorry! Can anyone advise as to what we need to do to ensure we are not UK taxed on our Dubai salaries? We will also be keeping our property in UK will this affect our taxation?
Thanks Jamin. Part way through the year - do you know if that is resulting from the 183 days in UK clause? I am guessing so as if leaving at the end of April (which is likely) that would be a bit unfair having to pay almost a full year.I was sent this from Elphaba who is all knowing in these matters!!!
If someone leaves part way through a tax year they then remain liable for Uk income tax for the remainder of that year. This is particularly the case for anyone who intends to remain overseas for just a few years. Any stay in excess of 5 years living overseas you become more than temporarily non-resident for tax purposes and any partial years become exempt from Uk income tax. At this time there is also no liability to capital gains tax.
When leaving the UK, HMRC form P85 should be completed to be treated as non-resident for tax purposes.
Could someone help me? Im leaving the UK on the 25th March so before the start of the next tax year. I wont be a resident in the UK and probably only visit 1 week a year.
I shouldn't be liable in the UK for Income Tax on my Dubai salary?
Should i even bother with this P85 form?
You'll ever return to the UK??I guess i need to look forward to a BFO bill from the taxman when I return (if that ever happens) then....
Non-residents are often British-born individuals who persuade the authorities they have largely left the country and are therefore able legally to avoid many British taxes.You'll ever return to the UK??
If you ever so, you'll have been non-resident for over five full tax years so you will be free and clear.
-
your company should help you with it or you would inform your local tax office in england that you are working abroad plus an offshore bank might be an good idea not sure if this will help you:Yes another question - sorry! Can anyone advise as to what we need to do to ensure we are not UK taxed on our Dubai salaries? We will also be keeping our property in UK will this affect our taxation?
Free and clear? More than I am here then!You'll ever return to the UK??
If you ever so, you'll have been non-resident for over five full tax years so you will be free and clear.
-
Please do not be mislead by the Gaines-Cooper case. That is more to do with domicile than residency, which are totally different issues. 99% of expats will not be affected.Non-residents are often British-born individuals who persuade the authorities they have largely left the country and are therefore able legally to avoid many British taxes.
Accountants and tax experts have long assumed that as long as someone spent no more than 91 days a year in Britain, they could claim non-resident status and tax benefits.
However it now seems if you have ties in the U.K. such as sending your children to school there, still own a house etc the tax man can come after you regardless of the 91 day rule.
Tax exiles under pressure after court ruling - Telegraph
Maiden
Employers generally don't know about tax issues and banks are not a good place for independent advise. Better to speak to a finance professinal like me who deals with these issues daily.your company should help you with it or you would inform your local tax office in england that you are working abroad plus an offshore bank might be an good idea not sure if this will help you:![]()
Does the P85 take long to process?Employers generally don't know about tax issues and banks are not a good place for independent advise. Better to speak to a finance professinal like me who deals with these issues daily.
-