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07-06-2008, 03:07 PM | #1 |
Advanced Member
Join Date: Dec 2006 Location: Pattaya Posts: 6,111
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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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