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Trading UK Shares as non UK Resident

Trading UK Shares as non UK Resident

Old Mar 20th 2021, 6:20 am
  #46  
Edo
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Default Re: Trading UK Shares as non UK Resident

Originally Posted by Scamp View Post
I don't know why you wouldn't be able to invest regardless of nationality?

My Interactive Brokers account is with me here under my UAE address and status, nothing linked to a UK address and I'm able to buy stocks/funds etc from anywhere in the world - I just focus on UK based as it makes some sense (also, think there are some tax things with the yank ones, but have never really looked into it).
Thanks.

Tax is actually what I am concerned about too as I don't want any complications coming from the UK now that I am not a resident anymore.

So I'm guessing you provided a UK based proof of ID? I only have Canadian IDs but on the tax identification I'm wondering if they'd require my Canadian tax number or would my UK NI suffice 🤔. I guess I have to start an application to find out.
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Old Mar 21st 2021, 7:06 am
  #47  
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Default Re: Trading UK Shares as non UK Resident

Originally Posted by Edo View Post
Thanks.

Tax is actually what I am concerned about too as I don't want any complications coming from the UK now that I am not a resident anymore.

So I'm guessing you provided a UK based proof of ID? I only have Canadian IDs but on the tax identification I'm wondering if they'd require my Canadian tax number or would my UK NI suffice 🤔. I guess I have to start an application to find out.
No, I had to show ID from here - passport and Emirates ID I think. They asked for house bills but I just told them I don't have them (I don't, they're all in her name).
Didn't give any tax info other than that I'm a UK citizen but don't live there - it was a while ago so I'm just trying to remember.
As a Canadian - I can't offer you much to be honest, I know nothing of your tax laws or personal liabilities if out the country etc. I'm sure there'll be advice somewhere online.

I actually got caught up with Lloyds as my UK shares I've had since '08 were there. When I opened an offshore account with them I forgot they'd be linked, now the account is restricted to selling only and by phone as they know I'm overseas and non-resident. Other than that, they couldn't care less.
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Old Mar 21st 2021, 3:20 pm
  #48  
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Default Re: Trading UK Shares as non UK Resident

Originally Posted by Edo View Post
Thanks.

Tax is actually what I am concerned about too as I don't want any complications coming from the UK now that I am not a resident anymore.

So I'm guessing you provided a UK based proof of ID? I only have Canadian IDs but on the tax identification I'm wondering if they'd require my Canadian tax number or would my UK NI suffice 🤔. I guess I have to start an application to find out.
When you say you're not a resident anymore, are you sure you understand how to become and remain UK non-resident for tax purposes? You mention Canada, but where is your Domicile (usually your father's place of birth)?
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