Offshore account with debit card - Where?

Aug 20, 2004 43 Replies

In message , Chris Blunt writes

No, because they have not severed their connection with UK

OK Tim, you were right.

I have read section 5.9 again carefully, it looks like there is no legitimate way to avoid UK tax while I am working here. Ah well. Makes my life easier.

The document was not 100% clear what it meant by 'overseas income' - I took it to mean earnings from an overseas company; The inland revenue meant it to mean 'income earned overseas'.

Hmmm, that distinction may be becoming important to me. I own property abroad, a working farm. The inheritance laws in that country are strict and there is heavy inheritance tax. Does this mean that my inheritors will become liable for double taxation unless I completely sever relationships with the UK?

IME, it is difficult but not impossible to retain a foreign domicile of choice, notwithstanding a return to the UK. Each case will depend on its own circumstances.

In fact, I had a telephone call on this very subject about 10 mins ago from a returning UK national. :)

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