I have a UK limited company with a few properties in it, i use the company for my consultancy work, although it has been used this year, its not been used in the previous 2 years. I have been non resident in the UK for the past 3 years, i have around 200k in my company that has had corporation tax paid on it. How much of that is allowed to be taken as a dividend without incurring personal tax ?
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Depends on where you are tax resident. Once you've worked that out you can apply the tax rules for that country.
Depends whether you have other UK income streams - normally non residents will either get a tax credit or use disregarded income rules so probably no UK tax if the dividends are your only UK income, but if you have other income it is more complex.
Like Arthur says - there is likely to be tax /social charges etc due where you are resident
The company and you are separate. Companies do not get NT codes and the income from property in a company is not your income stream. An NT coding means No Tax on any salary and nothing else. The company will pay corporation on its profits wherever you are. It used to be income tax but is now CT.
Well if you had been able to do that (assuming none of your duties were performed in the UK) the company would have paid less corporation tax! So advice earlier might have helped.
I consider that you need an accountant with an international tax department
Probably a large firm
If you are tax resident nowhere (per your post) then the UK company is probably still UK taxable
"i still fill in a self assessment due to being a director"
You don't need to. HMRC used to insist that every director filed a tax return but when it was pointed out that there was no such statutory obligation to file a tax return just because you are the director of a UK company, they've stopped asking for them.
"my accountant believes its a tie, other accountants believe they are not .."
So you have an accountant AND have spoken to other accountants (like a second-opinion) AND are now asking a bunch of anonymous people on a forum (many of whom are highly competent accountants - but you don't know which are/aren't).
I don't mean to be cheeky but you do realise that ultimately it is you that has to make the decision(s)? If you feel you can't rely on the advice of your accountant then its probably time to pick another one!
You believe wrong.
They used to.
They also used to pump OPs for sufficient information to answer the question that should have been asked in the first instance or for more information to assist an assessment.
But then it used to be a forum purely for professionals with the odd person poking about for free advice.
Now the forum is littered with the complete opposite.
So now, well it’s rare.
It is theoretically possible to be a tax 'nomad'. Tax resident nowhere.
Since the introduction of the Statutory Residence Test in the UK 2013, residence (or not) in another country isn't taken into account when determining UK residence.
Being resident nowhere obviously won't give you any tax-treaty protection. It might be the case (for example) that any salary paid from your company in respect of the work you did in Mexico was taxable in Mexico even if you weren't tax resident in Mexico. I don't know as I haven't looked at Mexico's tax rules but this sort of thing is a possibility.
Similarly, if you happened to be in a country with the 'wrong' tax rules on the day you paid any dividend, you might incur a liability there.
Given the amounts involved, it is going to be worth your while getting proper paid advice. Relying on this forum could end up with you spending time in a Mexican jail for tax evasion!