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UK Social Security retirement and Us tax returns

UK Social Security retirement and Us tax returns

Old Feb 18th 2012, 7:46 am
  #16  
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Default Re: UK Social Security retirement and Us tax returns

Originally Posted by nun
The UK does tax worldwide income, but I depends on your residency and other factors like if you can pay HMRC GBP30k not to tax you on an arising basis.
From the Chancellor's 2011 Budget:

Non-domiciles:
The £30,000 annual charge for non-domiciles who have lived in the UK for seven years will increase to £50,000 for non-domiciles who have been resident for 12 or more years.

In return, and to encourage investment in our country, the tax charge when non-domiciles remit foreign income or capital gains to the UK for the purpose of investing in a British business will be removed.

The government will also introduce a statutory residence test.

http://www.direct.gov.uk/en/Nl1/News...11/DG_WP195609

I don't know if this is still on the cards, or not.
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Old Feb 19th 2012, 5:11 pm
  #17  
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Default Re: UK Social Security retirement and Us tax returns

Originally Posted by theOAP
From the Chancellor's 2011 Budget:

Non-domiciles:
The £30,000 annual charge for non-domiciles who have lived in the UK for seven years will increase to £50,000 for non-domiciles who have been resident for 12 or more years.
The charge only applies to those who elect to use the remittance basis. Most non-domiciled persons, except those with very high levels of income or wealth, will generally prefer to pay tax on the same basis as any other British citizen/resident.
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