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roamer · 07-06-2008, 03:07 PM

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?

07-06-2008, 03:07 PM	#1
roamer Advanced Member Join Date: Dec 2006 Location: Pattaya Posts: 6,111 Shouts: 5264 Thanks: 11,771 Rep Power:	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?