Keeping a car in UK - tax implications ?
#1
Just Joined
Thread Starter
Joined: Feb 2012
Posts: 1
Keeping a car in UK - tax implications ?
I am new here and wondered whether anybody has some experience with the following scenario.
We have been in the Middle East for a few years and have recently bought a house in the UK we intend to use for a few weeks every year while we are there on holiday.
We are now also considering to keep a car there (registered in UK).
Would this make us tax liable in the UK despite spending 20-30 days max in the UK ?
Thanks a lot for your help or for pointing out a good tax advisor. We are based in the UAE/Dubai.
Thanks so much !!!
D5
We have been in the Middle East for a few years and have recently bought a house in the UK we intend to use for a few weeks every year while we are there on holiday.
We are now also considering to keep a car there (registered in UK).
Would this make us tax liable in the UK despite spending 20-30 days max in the UK ?
Thanks a lot for your help or for pointing out a good tax advisor. We are based in the UAE/Dubai.
Thanks so much !!!
D5
#2
Re: Keeping a car in UK - tax implications ?
The car is not an issue, but the house may well be after 6th April 2013 when the Statutory Residency Test is due to become law, although you should be okay if you are in the UK for no more than 30 days a year.
Final rules will be published next month and I'll be writing about them in detail at that time.
Final rules will be published next month and I'll be writing about them in detail at that time.
#3
Re: Keeping a car in UK - tax implications ?
The car is not an issue, but the house may well be after 6th April 2013 when the Statutory Residency Test is due to become law, although you should be okay if you are in the UK for no more than 30 days a year.
Final rules will be published next month and I'll be writing about them in detail at that time.
Final rules will be published next month and I'll be writing about them in detail at that time.
#5
Re: Keeping a car in UK - tax implications ?
my 2 pence.
Good luck.
#7
Re: Keeping a car in UK - tax implications ?
You may not be able to get insurance for your car in the UK as you are a non-resident:
http://www.insuranceadviceguide.com/...on-uk-resident
http://www.insuranceadviceguide.com/...on-uk-resident
#8
Lost in BE Cyberspace
Joined: Jul 2007
Posts: 13,553
Re: Keeping a car in UK - tax implications ?
#9
Re: Keeping a car in UK - tax implications ?
You may not be able to get insurance for your car in the UK as you are a non-resident:
http://www.insuranceadviceguide.com/...on-uk-resident
http://www.insuranceadviceguide.com/...on-uk-resident
#10
Re: Keeping a car in UK - tax implications ?
#11
Just Joined
Joined: Feb 2012
Posts: 4
Re: Keeping a car in UK - tax implications ?
The car is not an issue, but the house may well be after 6th April 2013 when the Statutory Residency Test is due to become law, although you should be okay if you are in the UK for no more than 30 days a year.
Final rules will be published next month and I'll be writing about them in detail at that time.
Final rules will be published next month and I'll be writing about them in detail at that time.
http://www.taxation.co.uk/taxation/A...residence-test
#12
Re: Keeping a car in UK - tax implications ?
But having a property/car/asset in UK when you are for tax purposes non-resident is a matter of personal choice. And in my opinion its draconian to make rules as such to force expats cut-off their ties from home. Its obvious that any rental yield is taxed and fair.
#13
Lost in BE Cyberspace
Joined: Jul 2007
Posts: 13,553
Re: Keeping a car in UK - tax implications ?
Yes, but RGC was a complete idiot............ he marries a Seychelles woman but then gets her a UK passport (??), he keeps his shotgun licences, club memberships, vintage car collection insurance and registrations, etc, up-to-date........ the taxman's argument that he never really left the UK at all has some validity. His circumstances would apply to very few other people though.
#14
Re: Keeping a car in UK - tax implications ?
Yes, but RGC was a complete idiot............ he marries a Seychelles woman but then gets her a UK passport (??), he keeps his shotgun licences, club memberships, vintage car collection insurance and registrations, etc, up-to-date........ the taxman's argument that he never really left the UK at all has some validity. His circumstances would apply to very few other people though.
If you have a existing investment fund in the UK, you wont pay their annual fees?
If someone is a chartered member of any British institution then they wont keep their membership updated? (off course you may then pay country based rate).
Dual citizenship or being expat doesnt have to be UK assestless person, IMHO. Thats like going too far in the greed of taxing!
#15
Re: Keeping a car in UK - tax implications ?
Yes, but RGC was a complete idiot............ he marries a Seychelles woman but then gets her a UK passport (??), he keeps his shotgun licences, club memberships, vintage car collection insurance and registrations, etc, up-to-date........ the taxman's argument that he never really left the UK at all has some validity. His circumstances would apply to very few other people though.