Returning to UK after not completing full tax year
Dec 12th 2009, 7:15 am
#31
Confirmed grumpy old man
Joined: May 2005
Location: Moved back to Riyadh KSA 2016
Posts: 1,298
Re: Returning to UK after not completing full tax year
Thanks for the info people, it has been really useful.
Can anyone suggest what kind of 'expert' I might use to help me make the right decisions, get my house in order (forgive the pun) before I come back?
Can anyone suggest what kind of 'expert' I might use to help me make the right decisions, get my house in order (forgive the pun) before I come back?
Dec 12th 2009, 8:28 am
#32
Banned
Joined: May 2008
Location: Lagrange 2
Posts: 1,507
Re: Returning to UK after not completing full tax year
Honestly, speak to the tax people (Inland Revenue) . There is a department which deals with non residents. You'll need your NI number. I have found them to be very helpful and even if there is a technical question that needs an expert consideration, they get back to you.
Dec 12th 2009, 9:15 am
#33
BE Enthusiast
Joined: Dec 2007
Location: Doha
Posts: 535
Re: Returning to UK after not completing full tax year
Honestly, speak to the tax people (Inland Revenue) . There is a department which deals with non residents. You'll need your NI number. I have found them to be very helpful and even if there is a technical question that needs an expert consideration, they get back to you.
Alternatively, an accountant, tax advisor or IFA who specialises in tax will do.
Dec 12th 2009, 11:29 am
#34
Powered by cows
Joined: Jul 2004
Location: currently Dubai, ex UK
Posts: 4,582
Re: Returning to UK after not completing full tax year
You can also ask Meow or Norm here as they are both qualified IFAs I believe...
Dec 12th 2009, 4:12 pm
#35
Forum Regular
Joined: Apr 2009
Location: Dubai, The Greens
Posts: 157
Re: Returning to UK after not completing full tax year
Honestly, speak to the tax people (Inland Revenue) . There is a department which deals with non residents. You'll need your NI number. I have found them to be very helpful and even if there is a technical question that needs an expert consideration, they get back to you.
I found them very helpfull before I left.
Dec 13th 2009, 1:48 pm
#36
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: Returning to UK after not completing full tax year
If you are non-res/not ordinarily res for more than 5 years I understand you would be exempt CGT for the house sale if you did it whilst still non-res.
See the following link, in particular Qs 3, 5 and 8:
http://www.hmrc.gov.uk/cnr/faqs_capgains.htm
However, the rules, and their interpretation, change from year to year, and for something like this you need to get professional advice.
See the following link, in particular Qs 3, 5 and 8:
http://www.hmrc.gov.uk/cnr/faqs_capgains.htm
However, the rules, and their interpretation, change from year to year, and for something like this you need to get professional advice.
(From a professional adviser)
Dec 13th 2009, 1:51 pm
#37
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: Returning to UK after not completing full tax year
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