Share profits taxable for expat
Discussion
They shouldn't be subject to UK tax on the basis that you are not a UK tax resident (I am assuming this from what you say).
HOWEVER, there might be some mechanism whereby UK tax is deducted automatically from any payments made to you regarding dividends, scrip issues etc and you might have to apply to have any such tax refunded to you, or offset against any Dubai tax you might pay.
HOWEVER, there might be some mechanism whereby UK tax is deducted automatically from any payments made to you regarding dividends, scrip issues etc and you might have to apply to have any such tax refunded to you, or offset against any Dubai tax you might pay.
Are you UK domiciled - non UK resident? if so there is a good chance that there will be potential liability to Cpital Gains tax. If you are not UK Domiciled, then things are different.
How long have you been in Dubai or non UK resident? I haven't worked in the expat financial markets for a good few years so haven't kept bang up to date with what the rules are but can easily check if you confirm what your domicile status is.
How long have you been in Dubai or non UK resident? I haven't worked in the expat financial markets for a good few years so haven't kept bang up to date with what the rules are but can easily check if you confirm what your domicile status is.
Thanks for the replies i have bee living in Dubai for 4 years and i am planning on returning to the UK in the next 2 years, i pay no UK tax at all as my salary etc is paid directly to my Dubai bank account, so i am out of the country the minimum of 180+ days required, does that help?
Thanks again Rick
Thanks again Rick
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