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-Leaving the UK
-Returning to the UK
Leaving the UK
If you are leaving the UK, perhaps on a temporary
work placement for 6 months, perhaps you are emigrating permanently
there are considerations to make.
Firstly we will need to establish if you will
actually lose you residency in the UK. If you do lose your residency
in any given tax year you may be eligible for a partial rebate
as you are still entitled to your full years tax allowances in
the year of departure. This can prove a useful bonus on your exit.
We can assist you by arranging your exit papers,
advising on your tax position and securing any rebates due to you.
We work on a fixed fee basis for this sort of work, so you will
know how much everything will cost prior to the work commencing.
It is very common for persons emigrating or leaving
for work purposes to rent out their UK property. You may be surprised
to learn that this is still taxable in the UK, and if you fail
to register with the Non-Residents Landlords Scheme, your letting
agent is obliged to deduct 22% of the gross rentals.
However because you are still eligible for a full
personal allowances quite often little taxable income will arise.
We can register you for the Non-Residents Landlords scheme and
arrange all the necessary tax returns, liaising directly with your
letting agent if required. By getting your affairs in order you
avoid having tax deducted and any worries of an investigation if
you return to the UK.
Sounds expensive? By doing this sort of thing
regularly, fees are kept low. Please ask
for a quotation for your circumstances.
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to the UK
As an expatriate considering returning to the
UK after some time abroad we can assist you in a number of ways.
Most importantly from a financial point of view
is to ensure the timing of your return to the UK does not compromise
any tax advantages that you have due to your non-resident status.
For example you may be able to dispose of property free of UK CGT
if you have been non resident for four complete tax years. Missing
such opportunities can be costly.
Other general parts of our service include:
exactly when your residence will restart
up to date on any missing tax returns
your re-entry forms
on and arranging any tax rebates due after the first tax year
in the country
By taking some professional advice prior to your
return you can ensure your return to the UK is smooth, and the
tax man brings no surprises.
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