MOVING ABROAD TAX ADVICE

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HOW MUCH TAX CAN YOU SAVE LEAVING THE UK?

Non-residents benefit from special rules in the UK which means as a starting point, they’re only taxed on UK sourced incomes.

It may be possible to structure your affairs so that you do not pay any UK tax while you’re abroad.

How much do you earn annually?
£
How many days will you physically work in the UK?
How many days will you work in total?

LEAVING THE UK TAX SERVICES

Work with experienced non-resident tax advisors to reduce the amount of UK tax you pay

Resident status

SRT residency planning

GTC can advise on the steps that you can take to exit the UK’s worldwide tax system so that you can minimise tax exposure while living overseas through achieving a non-resident status.

Tax planning

UK tax planning

GTC can advise on your exposure to UK taxation as a non-resident and the optimisation strategies available to limit or remove HMRCs right to tax your incomes.

Capital gains

Capital gains

GTC can advise on the capital gains tax implications of selling your main residence while you’re overseas including private residence relief.

Tax return

UK tax return

GTC can submit your annual UK tax fillings taking into account all reliefs and deductions available to non-residents to ensure that your obligations with HMRC are met.

Our leaving the UK services are designed to optimize your tax affairs and ensure compliance with HMRC while you are non-resident.

As a non-resident, you will only be liable for UK tax on certain types of income, and we will guide you on how to structure your affairs for maximum tax efficiency, ensuring that you retain as much of your international earnings as possible while staying compliant with UK tax laws.

LEAVING THE UK FAQs

Do I need to pay tax if I live overseas?


Your resident status is the first and most crucial step in determining the extent to which the UK can tax your incomes and gains.

If you are resident, as a starting point, you will be liable to UK taxation on worldwide incomes and gains and if you are non-resident, you will be liable to UK taxation on UK sources of income and UK property gains only.

If you are non-resident, it is possible to further reduce the UK’s right to tax your incomes and gains through double taxation agreements.

Do I need to pay tax on UK employment income if I live overseas?


If you are non-resident, the UK’s right to tax employment income is limited to income generated through workdays exercised in the UK.

If you suffer tax via PAYE while you are working overseas, you may be due a refund from HMRC. Furthermore, it may be possible to request that you are not subject to tax withholding so you can receive earnings gross of tax.

How can I become non-resident?

If your intention to reduce your UK tax exposure while living overseas, it is essential that you achieve and continue to achieve a non-resident status while you are living overseas.

You can achieve a non-resident status through managing your days of presence, work pattern, access to accommodation and ties to the UK.

Do I need to pay tax on UK property gains if I live overseas?


If you dispose of a UK residential property while you are a non-resident, the gain that you make will be assessable in the UK.

There are various reliefs and allowances available which reduce the taxable gain.

You must complete an online property return within 60 days of disposal. This is separate from a self-assessment tax return.

Do I need to complete a tax return if I live overseas?


You will be required to file a tax return if you continue to receive UK income while you are overseas.

You may wish to complete a tax return to report your resident status or claim a tax refund.

What are GTC’s tax advisory fees?


Our tax advisory charges differ depending on the area of tax we are advising on and the complexity of the situation.

Our fees will be disclosed in the engagement letter or via email. You will only be charged if you decide to proceed with our services.

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