UK Tax Blog

UK & Offshore Tax Planning Blog

Reducing tax on overseas income if returning to the UK

Actually avoiding income tax on overseas income after you return to the UK can be difficult. You could of course ensure that you did not have the 'income' in the first place. One option could be to gift the overseas investments/cash cash to a close…

Remittance basis and transfer to HMRC

The Revenue have confirmed that transfers of overseas income back to the UK to pay for the £30,000 tax charge won't be taxable for non UK domiciliaries . This means that non UK domiciliaries can transfer £30,000 back to the UK without being subject…

Tax on lump sum from pension fund

There is an extra statutory concession that provides an employee with relief from tax on a lump sum received from an overseas pension scheme to the extent that it relates to overseas service (broadly, to duties undertaken while the individual was not…

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