Is it possible to have tax free living in the UK?
Jan 21st 2008, 8:11 am
#33
MODERATOR
Joined: Dec 2004
Location: Dubai
Posts: 6,370
Re: Is it possible to have tax free living in the UK?
Your reason for leaving the UK is one of the reasons i fear moving to Dubai.......i worry it will be full of brits who think like you! Sorry Norm but you live in a country that doesnt share your culture, values or language......oh but its tax free!! Dont you see the contradictions? 
And I pay tax in the form of toll gates, car registration and utility bills (which are free for most nationals) etc.
If I was asking to be treated as an equal here there would be a contradiction...however I am not. I ask for nothing and just get on with my work until such time as I go somewhere else or am asked to leave.
N.
Jan 23rd 2008, 9:35 am
#34
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Joined: Aug 2007
Posts: 3,287
Re: Is it possible to have tax free living in the UK?
Just to add to the 'Phillip Green' comment.
I understand to get around paying any UK tax, he does not draw a salary.
All of his investments are in his wife's name, who is a permanent resident of Monaco, making their income in dividends via 'her' investments.
Clever? Or wrong in your eyes?
Lets hope for his sake that his wife doesn't fancy a divorce at some point in the future...
I understand to get around paying any UK tax, he does not draw a salary.
All of his investments are in his wife's name, who is a permanent resident of Monaco, making their income in dividends via 'her' investments.
Clever? Or wrong in your eyes?
Lets hope for his sake that his wife doesn't fancy a divorce at some point in the future...
Jan 23rd 2008, 1:44 pm
#35
Lapine Member
Joined: Nov 2004
Location: Austin, Texas in my own little world
Posts: 21,691
Re: Is it possible to have tax free living in the UK?
Just to add to the 'Phillip Green' comment.
I understand to get around paying any UK tax, he does not draw a salary.
All of his investments are in his wife's name, who is a permanent resident of Monaco, making their income in dividends via 'her' investments.
Clever? Or wrong in your eyes?
Lets hope for his sake that his wife doesn't fancy a divorce at some point in the future...
I understand to get around paying any UK tax, he does not draw a salary.
All of his investments are in his wife's name, who is a permanent resident of Monaco, making their income in dividends via 'her' investments.
Clever? Or wrong in your eyes?
Lets hope for his sake that his wife doesn't fancy a divorce at some point in the future...
Jan 23rd 2008, 2:30 pm
#36
Forum Regular
Joined: Dec 2007
Posts: 163
Re: Is it possible to have tax free living in the UK?
If there is a LEGAL loophole exploit it. Your not killing anyones granny
Jan 24th 2008, 2:42 am
#37
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Joined: Aug 2007
Posts: 3,287
Re: Is it possible to have tax free living in the UK?
Snowbunny, that is what I said!
'Lets hope for his sake that his wife doesn't fancy a divorce at some point in the future...'
means in a divorce his chances on getting a good percentage of assets would be very poor.
'Lets hope for his sake that his wife doesn't fancy a divorce at some point in the future...'
means in a divorce his chances on getting a good percentage of assets would be very poor.
Jan 24th 2008, 5:03 am
#38
Lapine Member
Joined: Nov 2004
Location: Austin, Texas in my own little world
Posts: 21,691
Re: Is it possible to have tax free living in the UK?
see also McCartney v McCartney
Jan 24th 2008, 5:10 am
#39
Lost in BE Cyberspace
Joined: Jun 2007
Location: Dubai
Posts: 13,547
Re: Is it possible to have tax free living in the UK?
big difference!
Jan 24th 2008, 5:12 am
#40
Lapine Member
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Location: Austin, Texas in my own little world
Posts: 21,691
Jan 25th 2008, 9:05 am
#42
Just Joined
Joined: Jan 2008
Posts: 12
Re: Is it possible to have tax free living in the UK?
Not tax free, but placing your earnings through a ltd company will reduce tax 19%. It's something alot of my candidates do when returning to the UK from the luxuries of tax free status abroad.
Jan 25th 2008, 3:02 pm
#43
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Joined: Dec 2007
Posts: 163
Re: Is it possible to have tax free living in the UK?
Tax free in essence but not in reality eh!
Mar 15th 2008, 6:59 am
#44
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Joined: Aug 2007
Posts: 3,287
Re: Is it possible to have tax free living in the UK?
I am sure I will be corrected if I am wrong, but here goes
The 90 day rule on living in the Uk (which will include your entry and exit days from April 08), still means you will pay Uk tax on your Uk income.
I have heard a way around this although i am very sketchy on the details:
By having any Uk income paid to a limited company (can't remember whether this has to be a Uk or offshore limited co - please advise) and then having the income paid by invoice for 'services rendered' or such like which would mean you basically invoice the uk company (requires another company overseas in an off shore tax haven to invoice the Uk company).
Right or wrong, or maybe I have just got the details incorrectly. Either way comments please
The 90 day rule on living in the Uk (which will include your entry and exit days from April 08), still means you will pay Uk tax on your Uk income.
I have heard a way around this although i am very sketchy on the details:
By having any Uk income paid to a limited company (can't remember whether this has to be a Uk or offshore limited co - please advise) and then having the income paid by invoice for 'services rendered' or such like which would mean you basically invoice the uk company (requires another company overseas in an off shore tax haven to invoice the Uk company).
Right or wrong, or maybe I have just got the details incorrectly. Either way comments please
Mar 15th 2008, 10:54 am
#45
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: Is it possible to have tax free living in the UK?
I am sure I will be corrected if I am wrong, but here goes
The 90 day rule on living in the Uk (which will include your entry and exit days from April 08), still means you will pay Uk tax on your Uk income.I have heard a way around this although i am very sketchy on the details:
By having any Uk income paid to a limited company (can't remember whether this has to be a Uk or offshore limited co - please advise) and then having the income paid by invoice for 'services rendered' or such like which would mean you basically invoice the uk company (requires another company overseas in an off shore tax haven to invoice the Uk company).
Right or wrong, or maybe I have just got the details incorrectly. Either way comments please
The 90 day rule on living in the Uk (which will include your entry and exit days from April 08), still means you will pay Uk tax on your Uk income.I have heard a way around this although i am very sketchy on the details:
By having any Uk income paid to a limited company (can't remember whether this has to be a Uk or offshore limited co - please advise) and then having the income paid by invoice for 'services rendered' or such like which would mean you basically invoice the uk company (requires another company overseas in an off shore tax haven to invoice the Uk company).
Right or wrong, or maybe I have just got the details incorrectly. Either way comments please
No it doesn't. Why don't people listen/read?
Can you explain your second sentance? it is garbled.
Is it 'resurrect old threads day' today??