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
- Marriage Allowance Transfer 12 1
- Directors Current Account and dividends 270 20
- Employer Paid Travelcard and Maternity Leave 15 1
- question 502 6
- Running Sage on a Mac 162 3
- Am I the only one who finds this annoying 630 28
- Do I need to file a tax return whilst working abroad? 53 1
- Company accounts for £350 164 6
- Tax on LLP members drawings not covered by future profits 706 28
- Property pages or self-employed? 249 4
- How best to split income on a Buy To Let - married. How do you decide beneficial ownership 1,444 15
- wife as partner 64 2
- Need help with How much or do I charge to much 390 7
- Identity Checks 193 6
- Allowable expenses on retal property 301 7
- When to register or not for PAYE 498 9
- Business only use of company car 1,683 36
- CGT usage of ER lifetime limit 341 12
- RTI Rollback to delete incorrect data 424 1
- Software for Accounts layout 116 1
- Motor Traders Assistant Bookkeeping Programme queries 291
- Continuity of practice-ACCA 268
- Tracesmart/Lexis Nexis AML software? Any opinions? 263
- French ConnectionUK 207
- Fundraising for friend - minimise tax? 198
- Can anyone explain Indian Minimum Alternate Tax 189
- Recommended International mobile phone coverage and costs? 188
- APN's 177
- Penalties for late filing of P11D forms 161
- FRS 101 Software 143