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Questions tagged [united-kingdom]

For questions that relate to the laws, practices, and products of the United Kingdom.

6
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0answers
174 views

Tax question - Inheritance from UK living in USA

I am a Green Card resident in Nebraska USA, and I am a UK citizen. Is it correct that I need to report to the USA Government if I inherit more than $10,000 from my father’s Will (he too was a UK ...
6
votes
0answers
65 views

Will Poland tax my SIPP?

I am UK resident for tax purposes and have a SIPP. If I become resident in Poland for tax purposes then will Poland tax my SIPP? If so then in what way? My SIPP holds a single fund which does not pay ...
4
votes
0answers
77 views

Having worked overseas and accrued a pension, can I transfer it to my country of origin?

As a Brit who worked in South Africa for a few years and accrued a pension, now I've returned is it possible to transfer said pension tax-free to a UK pension provider (SIPP or otherwise)?
4
votes
0answers
209 views

Capital Gains Taxes for multi-year vest RSUs UK

Assume that you work for a company in the UK that grants you a number of RSUs to vest in a multi-year schedule (as per usual), for example, a vest event every 6 months for 2 years. The RSUs are valued ...
4
votes
0answers
79 views

Euro rental income earned in Spain but can it be paid in Sterling in UK

I am a UK national with a property in Spain. The tenants of this property currently pay the monthly rental in Euros to my Spanish bank account but have asked if they can change this arrangement and ...
4
votes
0answers
500 views

Non resident working for a UK company from abroad and receiving on UK account - taxable?

I have been living in UK for 1 year and working for an UK company for the past months. Then my visa expired and I returned to my home in Brazil. However me and that company intend to keep me working ...
3
votes
0answers
47 views

UK taxes on US investments with UK resident wife and US resident husband

If my wife moves to the UK for 9 months in the same calendar year and becomes UK tax resident is she liable for our USA worldwide investment income by HMRC? She does not work, I work in USA. We both ...
3
votes
0answers
98 views

Australian freelancing in UK

I am an Australian citizen and resident for tax purposes, but I have recently moved to the UK and planning on staying here for around 6 months. I have a valid working visa. I have picked up some ...
3
votes
0answers
691 views

What are the companies in the FTSE4Good UK 50?

I've been looking for a definitive and up-to-date (and reasonably regularly updated) source listing the companies included in the FTSE4Good UK 50 index (preferably by their LSE ticker code). This has ...
3
votes
0answers
101 views

US/Irish Citizen Working for a US company while living in UK--Worth it?

First off, i'm sorry if this has already been asked. I've made the decision to move to London with a friend and I need some guidance. I've been interviewing with a few really good companies in London ...
3
votes
0answers
104 views

Moving between countries at the middle of Tax year to reduce progressive tax impact?

Soon I will be relocating from US (H1B visa) to UK. I am not a citizen of these two countries. Since both of these two countries have progressive tax system I have come to conclusion that it would be ...
3
votes
0answers
71 views

Are foreigners who buy UK ETFs subjected to a withholding tax?

Currently, when a foreigner buys U.S ETFs, the dividends or income (in the case of bond ETF) will be taxed at 30%. Suppose a foreigner, say an American or Singaporean, buys a UK bond ETF. Is there a ...
3
votes
0answers
110 views

Indian Taxation policy on UK (foreign) income

I am looking for some advice. My wife and I have a joint NRO account in India. Here in the UK, I am a higher rate tax payer (40%). We sold a house in 2012 and although that required tax in India, it ...
3
votes
0answers
69 views

What is the economically rational way to fund leasehold property management?

I am trying to find a company to manage the block of flats (apartment building) I live in. What is the economically rational way to pay for property management services, According to traditional ...
2
votes
0answers
59 views

Would there be tax due on an inheritance received from a U.S. citizen that lived in the U.K.?

My mother passed away in August. She was a US citizen living in UK for 40+ years. Do my brother and I have to pay tax to bring the cash into the US? No tax had to be paid in UK. Not a big ...
2
votes
0answers
50 views

How can I see if/what income/current account payment data is gathered by credit referencing agencies?

According to two Telegraph articles: Almost all of Britain's banks now record most current account customers' monthly incoming payments. This is distributed monthly to credit reference agencies [..] ...
2
votes
0answers
46 views

Will I need to pay tax on my foreign income on my return to the UK if I have spent a total of15 months out of the country? (August 2017-October2018)

I am looking to return to the UK from the UAE October this year. I will have been away from the UK for 15months in total and whilst I have been away I have been counted as a non uk resident as I am ...
2
votes
0answers
207 views

Can you keep exercised EMI options after leaving a company?

I'm fairly unknowledgeable regarding financial matters, so any help would be greatly appreciated. I have been granted EMI options with my current employer, half of which have vested. The company is ...
2
votes
0answers
43 views

What Details Do I Need to Keep for Tax Returns for Arbitrage Trading (UK)?

I've just started doing some arbitrage trading using a couple of online cryptocurrency exchanges, but I'm not sure what details I need to keep for the tax man. Do I need to keep a record of all my ...
2
votes
0answers
35 views

UK Capital Gains allowance and foreign investment funds

In this tax year I am going to realise some capital gains through the sale of shares in investment funds in Spain (this would be the equivalent to UK's OEIC - the kind of funds that are usually bought ...
2
votes
0answers
77 views

What is the most cost efficient way to invest in overseas stocks as a UK citizen?

I wish to invest in multiple US-based mutual funds and companies. I already have an account with Charles Stanley Direct for my UK-based funds and was disappointed to see that I couldn't use their ...
2
votes
0answers
393 views

What taxes do I pay working remotely for a UK based company while living in the US?

I am UK citizen and will be moving to the US in January next year to marry my fiancé, but I'm going to continue working for my UK based company remotely from the States. Will I need to pay income tax ...
2
votes
0answers
125 views

what is repayment money for renting lets in UK?

I am almost about to sign a year's worth of tenancy agreement for a house in London. There is 4 weeks rent worth of Deposit and 8 weeks rent worth of Repayment to be paid in the beginning of the ...
2
votes
0answers
93 views

Trusts, Inheritance Tax in UK

My background: I am a British citizen, currently living in mainland Europe i.e. Austria. Off-late, I married an Austrian Citizen. We purchased a property together in Austria. There is no Prenup ...
2
votes
0answers
452 views

What is the tax treatment for dividends paid on open CFD positions?

If an investor has an open CFD position when the underlying stock goes ex-div, there will be a payment made to the margin account in lieu of dividend. This is to ensure the investor does not actually ...
2
votes
0answers
51 views

Tax return if worked partially in the UK and partially in Germany

I have worked from Jan to July 2015 in the UK and from Oct. to Dec. 2015 in Germany. I'm not sure if it makes sense for me to submit a tax return claim. (The tax year in the UK runs from April to ...
2
votes
0answers
222 views

Extra salary against London costs?

Until now I have always worked near my home in the South of England, currently for a salary somewhere between 35 and £40k. There is the possibility of a move to London, for which the initial ...
2
votes
0answers
113 views

Where do I have to pay taxes?

I'm a Canadian citizen doing a rotational program with an international company based in UK. I'm paid by the American holdings office, and I was living and working in California between September '14 ...
2
votes
0answers
339 views

Registering as sole trader in UK although most of my work is conducted abroad/online

I would like some advice. I am a British national (not resident at present). I offer a range of language related services (translation, interpreting services, teaching, travel agent for language ...
2
votes
0answers
600 views

Can the legal owner of a vehicle cancel a change of keeper request?

I am the legal owner of a car. I don't posses a Full UK Licence (I have a Provisional) so whilst I was waiting for my test I transferred the car to a friend (V5) which made him the registered keeper. ...
2
votes
0answers
76 views

Is there any possibility of doing an equity release deal on a property you don't (currently) own?

There are various equity release schemes to let you release some of the tied-up value in a property you own, see eg. http://www.equityreleasecouncil.com/faqs/ Is it ever possible to jointly purchase ...
2
votes
0answers
672 views

UK taxation for options and futures trading

I live in UK and I see that there are 2 taxes when trading: CGT to be paid on capital gain and is 18% or 28% depending if you are basic tax payer or not income tax on any interest or dividend ...
2
votes
0answers
531 views

Can my UK limited company claim tax relief on donations to foreign charities?

I'm English, and run a company that's based in the UK and registered with the UK Companies House. I want to donate some money to charity, but one of the charities I have in mind isn't based in the UK. ...
2
votes
0answers
234 views

A second income as a couple

I work a regular 9-5 job earning a decent wage. My wife works one or 2 days during the week and gets a varying, low wage. I've started selling items in my spare time and it's gotten to the point ...
2
votes
0answers
88 views

(UK) If i inform the Jobcentre that I am paying someone's rent, will it harm their benefits claim?

I am paying the rent for a homeless friend, and my/his rental costs are all over the shop due to poor/misunderstood information. I have given him my mobile number to pass on to the landlord so that ...
1
vote
0answers
37 views

What are the US tax implications of owning a controlling stake in a UK private limited company?

I'm currently a US resident alien. What are the tax implications of owning a controlling stake in a UK private limited company? It is unclear how complex filing is and what financial implications ...
1
vote
0answers
156 views

Gnucash vs QuickBooks for both personal and business account

I'm considering keeping track of both personal and business accounts. I'm an old user of Gnu cash and I think I could manage with it. What would be the benefit to swapping to a new cloud accounting ...
1
vote
0answers
40 views

Can I open a Help to Buy ISA, transferring a part of my existing Cash ISA, if I paid a small sum of money into that Cash ISA in this tax year?

I am aware that opening a new Help to Buy ISA is not possible when subscribing to another Cash ISA in the same cash year. On the other hand I've read that ISA transfers are not subject to this limit ...
1
vote
0answers
23 views

UK tax on dividends and sale of Shares for Non-residents

For a Non-UK Resident Individual (& Non-domiciled,) holding UK listed shares 1.) Is there any UK income tax due on dividends paid form a UK listed company? 2.) Is there any UK capital gains tax ...
1
vote
0answers
57 views

UK: National Insurance on employee loans when there is no interest benefit

HMRC states that you have to report on a P11D and pay Class 1A National Insurance on the value of any benefit when a 'beneficial loan' is made to an employee. https://www.gov.uk/expenses-and-benefits-...
1
vote
0answers
105 views

How come I am not tax resident in any country when moving abroad

I recently moved from UK to US and I am having trouble understanding tax residency matters. In particular, it seems to me that I am not resident in any of the two countries. Indeed: I pass the first ...
1
vote
0answers
24 views

Are there any CEFs of UK stocks for the US investor?

Are there any Closed-End Funds (CEFs, I'm NOT looking for ETFs) available in the USA that invest solely in UK stocks? In particular, are there any lean toward the small-caps and/or dividends? I have ...
1
vote
0answers
421 views

Working remotely in Portugal for a UK based company

I am new to contracting and would like some advice. My situation is: I am a UK citizen and my home is in the UK. I am working in London for a UK based company. I currently work full time as a ...
1
vote
0answers
92 views

Help to buy ISA to LISA transfer - too much

I have a Lifetime ISA which I paid £4000 into in this tax year. I also have a Help to Buy ISA which I have had since around April 2016 and have made the maximum contributions of £200 a month into with ...
1
vote
0answers
51 views

Could anyone confirm if I correctly understand how plugging a gap in someone's national insurance record works? (mixing Class 2 and Class 3 NICs)

Assume that a person became self-employed part of the way through the 2015-2016 tax year and subsequently paid voluntary Class 2 national insurance for 21 weeks. If they now send the NI office a ...
1
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0answers
88 views

Transfer of stocks and shares ISA as a Non-UK resident

I am a UK/German citizen currently living in Germany. When I left the UK for Germany I kept my stocks and shares ISA in case I should ever return to the UK. Whilst I know that I cannot add funds to ...
1
vote
0answers
388 views

Where to pay tax when working for foreign company remotely from Uk

There are similar questions but I believe my circumstances are slightly different. I am a British citizen, from birth, and have been living in Malta for over a year while working for several ...
1
vote
0answers
38 views

Partnership Tax Return UK

We started a partnership in the UK on 20th March 2017 and are ceasing it today (14th July 2017). As of yet we have yet to send in any tax returns for 2016/2017. Would it be permissible to file one ...
1
vote
0answers
3k views

Is there something equivalent of a 1031 Exchange for the UK

I recently learned that in the US you can defer capital gains on a property sale, and use the capital to buy another without paying taxes using a 1031 exchange. Is there something similar to that in ...
1
vote
0answers
89 views

Sell or lease my property when moving from UK to Germany (tax question)

I own a flat in the UK (outright, no mortgage), and I am planning to move to Germany (preferably Berlin, if that makes a difference). Given my limited knowledge of the area and of German laws, my ...