Tax-pensions-lump sum-residency-stuck!!!
#61
BE Enthusiast
Joined: Nov 2007
Location: Alberta
Posts: 660
Re: Tax-pensions-lump sum-residency-stuck!!!
that excerpt was taken from the Canadian Tax Revenue pages those are not my words! They say "home" not house. If you want to argue that the house is not a home but an income property then this comes under "economic ties" doesn't it?
If the Canadian property is his principal residence (should hardly think he could afford 2 houses on a military pay) then that could be argued by the tax man.
Also to own the house he would have needed bank accounts, social security number for a mortgage presumably and probably has credit cards this is another of their stipulations?? I don't know because the devil is in the detail.
I'm just working on what they set out as there criteria. To be honest I'm past caring at this point I've wasted enough time today on this, time to get the dinner ready!
If the Canadian property is his principal residence (should hardly think he could afford 2 houses on a military pay) then that could be argued by the tax man.
Also to own the house he would have needed bank accounts, social security number for a mortgage presumably and probably has credit cards this is another of their stipulations?? I don't know because the devil is in the detail.
I'm just working on what they set out as there criteria. To be honest I'm past caring at this point I've wasted enough time today on this, time to get the dinner ready!
even living in canada with the brit mil, and owning a house here that was rented out, we still completed non res tax resturns and were considered ordinarily resident oin the uk for tax purposes.
it was only when we actually landed (flagpoled whilst still here with the brit mil) that our status changed to tax resident and we asked the tenants to move out so that we could use it as our principal residence. hence we became tax resident (and started clocking time on pr - we were still unsure whether we would be posted or stay). so that year we filed two tax returns - one non res until the landing date, one resident after that.
difficult to prove intent to leave after you've landed with a house and kids at school, and two jobs. which is why it was nonsensical for us to think that popping back to the uk for a couple of weeks to bank the gratuity was anything other than a fairly pointless tax evasion attempt.
but owning a property in canada just means you have to file a non res tax return. it doesn't make you resident in any sense. it's the cumulative nonsense that complicates it (like actually living here), not a house. a house means diddly squat in isolation.
totally random argument anyway, as he hasn't got one yet.