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Search: Posts Made By: travelfar
Showing results 1 to 25 of 32
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Forum: Moving back or to the UK
Apr 3rd 2024, 9:35 am
Replies: 1
Views: 213
Posted By travelfar

DB pension transfer advice

Hello All
I am looking for a UK based Finacial Advisor qualified to give advice on DB pension transfer.
Can anyone give a recommedation or, equally useful, any to avoid ?
I have searched online...
Forum: Moving back or to the UK
Mar 10th 2023, 4:57 pm
Replies: 13
Views: 676
Posted By travelfar

Re: CGT and section 104 holding

Thank you. My experience exactly !
Forum: Moving back or to the UK
Mar 10th 2023, 1:53 pm
Replies: 13
Views: 676
Posted By travelfar

Re: CGT and section 104 holding

Thanks again AnotherDaveB what you wrote is very informative and helpful. The hoops we have to jump through for tax !!
Out of interest when you mentioned 'HMRC clarified for me' may I ask how you...
Forum: Moving back or to the UK
Mar 10th 2023, 8:14 am
Replies: 13
Views: 676
Posted By travelfar

Re: CGT and section 104 holding

Thanks for reply AnotherDaveB ...
So am I correct in my understanding
1. shares bought and sold while abroad ignore.
2. shares bought while abroad but not sold go into the pool ?
Just want to...
Forum: Moving back or to the UK
Mar 7th 2023, 5:17 pm
Replies: 13
Views: 676
Posted By travelfar

Re: CGT and section 104 holding

Thanks again durham lad. I too used "specific id" when in US. Then moved to Europe where it was not permitted and had to re-state all my gains/losses for 3 years on FIFO basis as my "specific id"...
Forum: Moving back or to the UK
Mar 7th 2023, 3:25 pm
Replies: 13
Views: 676
Posted By travelfar

Re: CGT and section 104 holding

Thanks tdrinker, wasn't aware of www.taxationweb.co.uk...excellent site.
Forum: Moving back or to the UK
Mar 7th 2023, 1:56 pm
Replies: 13
Views: 676
Posted By travelfar

Re: CGT and section 104 holding

durham lad, Many thanks for your reply. You have a great deal of knowledge and I appreciate your help.
I am wondering if the shares you sold in the UK consisted of a single batch of shares purchased...
Forum: Moving back or to the UK
Mar 2nd 2023, 1:46 pm
Replies: 13
Views: 676
Posted By travelfar

CGT and section 104 holding

Hello All
Just returned to UK and still grappling with CGT rules !
Does anyone know if shares acquired before return to UK, and still held, need to be pooled under section 104 rules ?
I thought I...
Forum: Moving back or to the UK
Dec 31st 2022, 5:59 am
Replies: 7
Views: 541
Posted By travelfar

Re: UK Capital Gains Tax tax on US shares

Thanks durham lad. Your input as usual is excellent and much appreciated. We 'british expats' are lucky to have the likes of you sharing your knowledge and opinions.
Forum: Moving back or to the UK
Dec 29th 2022, 6:55 pm
Replies: 7
Views: 541
Posted By travelfar

Re: UK Capital Gains Tax tax on US shares

oh, I see, the CGT would only be 45% if one was already in the higher tax bracket. I was thinking that CGT on non-reporting funds was 45% irrespective of income level. I am now assuming you pay CGT...
Forum: Moving back or to the UK
Dec 29th 2022, 3:00 pm
Replies: 7
Views: 541
Posted By travelfar

Re: UK Capital Gains Tax tax on US shares

Many thanks durham lad. The link was interesting reading.
I am not sure that I hold 'funds' as my investments are individual shares held within a self-managed trading account. Are shares held in...
Forum: Moving back or to the UK
Dec 29th 2022, 1:06 pm
Replies: 7
Views: 541
Posted By travelfar

UK Capital Gains Tax tax on US shares

Hello
When moving back to UK from Europe, what CGT tax rate will I pay on a self-managed portfolio of shares held in USA ?
I have just read about Reporting Funds and Non Reporting Funds and am...
Forum: Moving back or to the UK
Nov 24th 2022, 8:41 am
Replies: 8
Views: 1,186
Posted By travelfar

Re: Split Year Treatment Case 8

Many thanks to all for advice comments and links. It is much appreciated and extremely helpful.
Forum: Moving back or to the UK
Nov 23rd 2022, 7:46 am
Replies: 8
Views: 1,186
Posted By travelfar

Re: Split Year Treatment Case 8

Thanks, this is very useful. However it still remains unclear as to what is considered a 'home' under Case 8 of the Split Year Treatment rules.
Can anyone throw any light on this ?
Many thanks
Forum: Moving back or to the UK
Nov 22nd 2022, 7:55 am
Replies: 8
Views: 1,186
Posted By travelfar

Split Year Treatment Case 8

Hello
I wonder if anyone can help ?
I am returning to UK after many years overseas. After ploughing through the rules on HMRC website, I believe I will be eligible for split year treatment under...
Forum: Moving back or to the UK
Nov 4th 2022, 3:11 pm
Replies: 9
Views: 743
Posted By travelfar

Re: CGT and cost basis of shares

Thank you to all, you have helped a great deal with this.
Mention of buy back date and wash sale jogged my memory of this rule so very much appreciated.
Forum: Moving back or to the UK
Nov 3rd 2022, 11:18 am
Replies: 9
Views: 743
Posted By travelfar

Re: CGT and cost basis of shares

Thanks Cyrian for confirming what I guessed, but was unsure, was correct.
Forum: Moving back or to the UK
Nov 3rd 2022, 11:17 am
Replies: 9
Views: 743
Posted By travelfar

Re: CGT and cost basis of shares

Thanks durham-lad.
In UK does the exchange rate at date of purchase have to be on the exact date of purchase ? Or, as in some countries, the monthly average or indeed the annual average exchange...
Forum: Moving back or to the UK
Nov 3rd 2022, 9:18 am
Replies: 9
Views: 743
Posted By travelfar

CGT and cost basis of shares

Capital Gains Tax advice please !
I have lived outside the UK for 12 years. If I became resident in UK under SRT rules on say 1 January 2023, would the cost basis of shares purchased prior to my...
Forum: Portugal
Nov 2nd 2022, 12:49 pm
Replies: 2
Views: 762
Posted By travelfar

Re: NHR and Capital Gains Tax 2023

Many thanks Red Eric. Your reply helped confirm my thoughts.
Forum: Portugal
Oct 31st 2022, 2:48 pm
Replies: 2
Views: 762
Posted By travelfar

NHR and Capital Gains Tax 2023

Hello
I heard recently that from 1 Jan 2023, short term capital gains (shares held for less than one year) in Portugal will be taxed at progressively higher rates. For example, for income levels...
Forum: Moving back or to the UK
Jun 5th 2022, 6:32 am
Replies: 8
Views: 1,253
Posted By travelfar

Re: Non-resident UK, tax return foreign income query

Very many thanks Johnboyuk for your detailed response. Also thanks for the offer to PM you. I think I follow your thoughts and concur with your comments re:HMRC. I will try talking to a 'technical...
Forum: Moving back or to the UK
May 30th 2022, 10:13 am
Replies: 8
Views: 1,253
Posted By travelfar

Re: Non-resident UK, tax return foreign income query

Thank you Johnboyuk, the links are extremely useful.
I am taxed in my country of residence on world wide income. The relevant tax treaty only refers to dividends paid in 'the contracting state', in...
Forum: Moving back or to the UK
May 29th 2022, 6:23 am
Replies: 8
Views: 1,253
Posted By travelfar

Re: Non-resident UK, tax return foreign income query

Thanks Durham Lad, fir your input. Your comment reflect my feelings on this. Pity HMRC were so unhelpful !
Forum: Moving back or to the UK
May 25th 2022, 1:01 pm
Replies: 8
Views: 1,253
Posted By travelfar

Non-resident UK, tax return foreign income query

Hello,
Thanks for any help, I've been googling all day and speaking to HMRC without finding the answer to this !
I am long-term non-resident in UK.
Am I correct in thinking that I do not have to...
Showing results 1 to 25 of 32
 
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