Non resident satus
I have a client who is a UK citizen. He left UK to work abroad in 1993 and worked abroad for about 9!years. He came back to UK in September 2002.
During these years , he never spent more than 90 days in any year in the UK.
In reality , his visits to the UK were very short .
He worked abroad as a contractor but some of his earnings were paid to a comapny incorporated in thr UK of which he was a director. The earnings were paid into a UK based bank and he drew a a dividend ?
I have following queries.
1) What is the tax liability of the individual for the earnings
2) how does it affect the non resident status of the individual and the funds ? If he bought a property with these funds whilst we was working abroad and then sold it before returning to the UK , are the gains exempt from CGT?
3) what is th status of the earnings that were not routed through the UK company and paid directly into his his own offshore account ?
If the individual had been paid a salary by the company , would the tax position be any different in first two queries ?
Thanks for any guidance
- Need qualification back due to clients' banks needing my references 135 3
- Was I rude 726 19
- Company overdue but wants to be struck off 156 5
- Dividend payments and shareholdings 141 3
- Corporation tax due date confusion 280 4
- You cannot be Serious!!! 204 1
- Top slicing relief question 221 2
- Valuation of PET on death 95 2
- Incorporation - any tax advantage? 241 6
- Share swap 285 8
- Non Registered trader selling to Malta 80 1
- Online filing 144 5
- Payment for goods received on last day of quarter but refunded the next - what options are open here? 325 13
- New client, prev accountant disappeared 1,685 25
- EC sales list and reverse charge 100 2
- Converting a barn for business use 86 1
- If an invoice is sent and paid does a contract exist 233 9
- Threshold for RTI submission 114 2
- Joint rental income 125 1
- I'm not sure if this is the correct forum but here goes 335 4
- Skandia using wrong address 1,474
- Nil Rate Band Trust - index linked debt by way of charge over property 807
- Any views 726
- International interest certificate 444
- Stamp Duty on share for share exchange 416
- Sale of business 386
- NOVA 279
- IRIS Open Books problem 279
- farming-related R & D tax relief claims 195
- Expenses claim for non employee 184