Proposed changes in Tax Rules
 

There was a piece in todays money prog commenting on proposals to tighten up UK tax rules for overseas residents and owners of 1 or more properties.
The aim is to close the various loopholes being exploited by those who keep a UK property as their UK tax residence yet reside overseas.
There are potentially serious IHT and CGT implications.
The suggestion is that claimant will have to prove that they actually live in their UK property for a required number of days each year to be able to claim it as their UK tax residence.

Re: Proposed changes in Tax Rules
 

That'll show 'em.:)

Re: Proposed changes in Tax Rules
 

I don't quite understand. Is this the UK government trying to ensure that people who want to pay tax in the UK are qualified to do so? I would have thought the UK would be quite happy to have them. Am I missing something?

Re: Proposed changes in Tax Rules
 

please cite the reference(s) so others can read it rather than have to rely on hearsay

Re: Proposed changes in Tax Rules
 

BBC R4 money Prog 12.00 Sat 12th April.

Re: Proposed changes in Tax Rules
 

That is hearsay
useless without actual references
:frown:

Re: Proposed changes in Tax Rules
 

So the BBC money prog is hearsay is it ??????

Re: Proposed changes in Tax Rules
 

can just imagine the reception you would receive if you filled in a tax return and said your information was based on a radio programme

:rofl:

Re: Proposed changes in Tax Rules
 

http://www.bbc.co.uk/programmes/b040h14p

From around minute 20

Re: Proposed changes in Tax Rules
 

thank you, will put that in on my next tax return

:blink:

Re: Proposed changes in Tax Rules
 

Incidentally, why was this thread posted straight into PTD, force of habit or are we expecting fireworks?

Re: Proposed changes in Tax Rules
 

http://www.bbc.com/news/uk-politics-26998208

EMR, I've noticed you may have problems posting links and using BE to the best of it's ability.

If you need any help with anything, send me a private message, and I will do what I can.

I will send you a PM, which will appear as 'unread' in the top right-hand corner.

Re: Proposed changes in Tax Rules
 

I think we might be talking abut two different stories. One is the government's fight against hiding your money offshore and the other is about which of your two homes is your main residence for the purposes of CGT.

Re: Proposed changes in Tax Rules
 

OP's message mentions both. I think they are they same story. I didn't listen to your link for the radio programme as my internet speed has fallen off the wall recently and it would take me all day.

Apologies to you if I am wrong.

Re: Proposed changes in Tax Rules
 

Anybody following this thread may also like to read about the topic on the main Spain forum under the brilliant title "Wot No Comments ?".

:D