UK Tax on emigrating
#1
BE Enthusiast
Thread Starter
Joined: Aug 2007
Location: Perf
Posts: 560
UK Tax on emigrating
What is the procedure of notifying the UK government you are leaving the country and ensuring I dont pay UK tax on any money I have in savings (our our house sale) over here?
Is it as easy as making a phonecall or do I have to complete forms and stuff?
Is it as easy as making a phonecall or do I have to complete forms and stuff?
#2
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: UK Tax on emigrating
To ensure this I believe you have to get a form from the tax office but can't remember it's number.
THis has cropped up before so it may be worth trying a search.
G
#3
Home and Happy
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 93,787
Re: UK Tax on emigrating
P85 will sort out any tax you are owed on leaving the country, and ensure that the IR know that you've left
#5
BE Enthusiast
Thread Starter
Joined: Aug 2007
Location: Perf
Posts: 560
Re: UK Tax on emigrating
True, wont this be covered by a P85?
#6
Forum Regular
Joined: Aug 2005
Location: Leicester
Posts: 154
Re: UK Tax on emigrating
you can declare yourself as a non taxpayer with your bank and or building society by completing an R85 form - this allows them to pay interest gross without the standard tax deduction being made.
#7
Banned
Joined: Aug 2007
Posts: 375
Re: UK Tax on emigrating
Leaving the United Kingdom
http://www.hmrc.gov.uk/cnr/p85.pdf
------------------------------------------------------------------------
Application for a not ordinarily resident saver to receive interest without tax taken off
http://www.hmrc.gov.uk/forms/r105.pdf
------------------------------------------------------------------------
Getting your interest without tax taken off
http://www.hmrc.gov.uk/forms/r85.pdf
-----------------------------------------------------------------------
Please note that to achieve non-resident (for tax) status you must be outside the UK for a whole tax year (April to April), and you cannot spend more than 90 days in the UK in any one year.
http://www.hmrc.gov.uk/cnr/p85.pdf
------------------------------------------------------------------------
Application for a not ordinarily resident saver to receive interest without tax taken off
http://www.hmrc.gov.uk/forms/r105.pdf
------------------------------------------------------------------------
Getting your interest without tax taken off
http://www.hmrc.gov.uk/forms/r85.pdf
-----------------------------------------------------------------------
Please note that to achieve non-resident (for tax) status you must be outside the UK for a whole tax year (April to April), and you cannot spend more than 90 days in the UK in any one year.
Last edited by Sooty and Sweep; Jan 25th 2008 at 7:24 pm.
#8
BE Enthusiast
Thread Starter
Joined: Aug 2007
Location: Perf
Posts: 560
Re: UK Tax on emigrating
Thanks
#9
BE Enthusiast
Thread Starter
Joined: Aug 2007
Location: Perf
Posts: 560
Re: UK Tax on emigrating
whats the difference between the R105 and the R85 arent they both the same thing?
#10
Forum Regular
Joined: Aug 2005
Location: Leicester
Posts: 154
Re: UK Tax on emigrating
The R85 is if you do live here and/or are resident for UK tax purposes but you do not have sufficient income to take you into the taxpaying bracket.
I think thats right!!!!!
#11
Banned
Joined: Aug 2007
Posts: 375
Re: UK Tax on emigrating
The R105 is if you are 'not ordinarily resident' for tax purposes - an example may be someone who lives in Oz but still has deposit accounts in the UK.
The R85 is if you do live here and/or are resident for UK tax purposes but you do not have sufficient income to take you into the taxpaying bracket.
I think thats right!!!!!
The R85 is if you do live here and/or are resident for UK tax purposes but you do not have sufficient income to take you into the taxpaying bracket.
I think thats right!!!!!
The R105 form is for not ordinarily resident. A person may be regarded as not ordinarily resident in the UK if
• Their home, employment and centre of life has always been abroad, and – they visit, or intend to visit, the UK only for short periods – for example on holiday or irregular business visits which average less than 91 days a tax year, or – they have come to the UK to work or live and intend to stay here for less than 3 years, do not own (or hold on a lease of three years or more), accommodation here for their use, and on leaving the UK intend to visit only for short periods which will average less than 91 days a tax year or – they have come to the UK for a period of study or education and intend to stay here for less than 4 years, do not own (or hold on a lease of three years or more), accommodation here for their use, and on leaving the UK intend to visit only for short periods which will average less than 91 days a tax year.
• They are a former UK resident, and – they have left for permanent residence abroad, and their visits to the UK average less than 91 days a tax year, or – they are currently working full-time abroad under a contract of employment, and both their absence from, and employment outside the UK will last at least a full tax year and their visits to the UK aver age less than 91 days a tax year, or – they accompany or later join their husband or wife, who is working full-time abroad, and meets the conditions for being not ordinarily resident, their absence from the UK will last at least a full tax year, and their visits average less than 91 days a tax year.
Someone living in Australia, but has savings in the UK, and is recieving interest income on these savings in the UK, but is a tax resident of Australia. So you recieve your interest gross in the UK, but pay tax on the gross interest in Australia as you are a tax resident in Austalia.
#12
Re: UK Tax on emigrating
I got £1,300 back from IR because of the PAYE tax I had paid before leaving
I went to my Abbey National branch and got the IR form so that I don't have tax deducted on UK savings. Sent the form off to Abbey HQ and they wrote back to me saying that they they don't offer the scheme. Idiots - the branch says one thing, HQ the other
Not sure what to do now. At least leaving it the Abbey and having them deduct the tax should mean that I don't pay Oz tax on the interest due to the double taxaition rule (I think?)
I went to my Abbey National branch and got the IR form so that I don't have tax deducted on UK savings. Sent the form off to Abbey HQ and they wrote back to me saying that they they don't offer the scheme. Idiots - the branch says one thing, HQ the other
Not sure what to do now. At least leaving it the Abbey and having them deduct the tax should mean that I don't pay Oz tax on the interest due to the double taxaition rule (I think?)
#13
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: UK Tax on emigrating
This is a subject for a specialist tax advisor.
G
#14
Re: UK Tax on emigrating
OMG !!! My head has just shot right up my a**e !!
I am baffled, I knew I had to abviously inform the IR, but it's the tax / savings thing that is confusing me.
When we sell our house, we will have about £20k to take to Oz with us, no savings though as they went on doing the house up, how will the tax thing work ? Will they tax me on this ?
Help for a thickie please!!
Donna.
I am baffled, I knew I had to abviously inform the IR, but it's the tax / savings thing that is confusing me.
When we sell our house, we will have about £20k to take to Oz with us, no savings though as they went on doing the house up, how will the tax thing work ? Will they tax me on this ?
Help for a thickie please!!
Donna.