Offshore borrowings.

Offshore borrowings.

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If a non don currently obtains an offshore mortgage and remits the loan, the interest and capital payments need to be serviced from UK income. However, if a bank allows the non dom to borrow against his offshore funds/investments (solely collateralised by the offshore funds/investments not the house), the interest would still need to be serviced from UK income but not the capital.

 Does this work / avoid a deemed remittance.
 
Many thanks
 
 

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