May 2008

Remittances by non doms after they're non resident

In order to prevent non UK domiciliaries from simply claiming the remittance basis and then becoming non UK resident and remitting the income free of tax new anti avoidance rules have been introduced. They apply the CGT 5 year non residence…

Selling land after main residence

If you are selling part of your main residence's grounds after you have sold the main residence you could run into problems in qualifying for principal private residence relief. This could occur if for example you are planning on retaining part of…

Tax if you return to the UK after being non resident

If you return to the UK after a period of non UK residence you will need to consider your UK tax position. As a general rule you will be subject to UK income tax as from the date that you return back to the UK. You will be subject to CGT on gains in…

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