UK non residency rules/law
Bit of a long shot but someone here might
know the answer.
I can`t get my head around the rules.
If you place your money/assets off-shore and then sign a decalarion that you do not live in the UK,
can you receive interest gross from day 1 without UK tax liability
or do you have to wait one whole tax year(abroad)
before that is possible?
It seems as though if you open an off-shore account
you can elect to have your interest paid gross.
If you`re genuinely not living in the UK,would you be liable to tax on the interest?
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