We have many clients that live abroad that must pay tax in the UK. Plus, some of our clients work abroad and again need to pay UK tax. We do our best to keep our clients well informed of all the tax implications in these situations as they can be complicated.
We offer a full Expatriate taxation service, including comprehensive advice on Residence and Domicile issues, as well as expatriate tax compliance services.
If you are a UK resident, then you must pay UK taxes. The number of days that you spend in the UK during each tax year is used as an indicator of whether you are a UK resident or not.
If you are classed as a resident of the UK, then you must pay tax on your income. This applies to income from the UK (e.g., renting a property in the UK) or from abroad. We will keep you informed of the personal tax allowance on your UK income each year.
Capital Gains Tax is a tax on the profit when you sell your property in the UK. This needs to be paid if you have not been living in the property for nine months.
It is vital to keep the HMRC aware of any changes to your circumstances. Some common factors that can affect your Expat status are:
By using our services, you can be assured that we will keep you will be informed of any changes that affect your tax liabilities and will liaise with HMRC for you as needed. If you are interested in finding out more about our expatriate services, please contact us by calling 01623 490 120 or email This email address is being protected from spambots. You need JavaScript enabled to view it..
Call us today on01623 490120
or email info@watsonk.co.uk
When you first start a business, your focus is usually on attracting customers, generating sales and building a successful company. Few business owners spend much time thinking about how or when they will eventually leave the business.
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