[Capt. Mainwaring] Just had a terrible shock about UK taxation for expats

[Polisi Cepek] astaga. that's not cricket

[Capt. Mainwaring] say that again PC - the buggers want GBP 30K a year for non-domiciled brits

[Polisi Cepek] the sun never sets on the britsh taxation empire

[Capt. Mainwaring] it doesn't now

[KuKuKaChu] capt, stay on the move, if you don't want to pay tax ...

[Polisi Cepek] that's absurd, how can they justify that extraterritorial application of law

[KuKuKaChu] because they can
[KuKuKaChu] US has been doing it for years
[KuKuKaChu] indoneisa also claims right to tax overseas income; though no-one takes that seriously

[Polisi Cepek] what, if you go home they slap irons on you?
[Polisi Cepek] what if you show you paid tax overseas?

[KuKuKaChu] they could indeed.

[Polisi Cepek] presumably they can't double dip

[KuKuKaChu] in oz, they will cancel your passport and/or prevent you from boarding aircraft. real fascist stuff
[KuKuKaChu] they cant double dip in the event there is a tax treaty between the relevant countries

[Polisi Cepek] not if you tell the tax office you're not residing in australia they don't
[Polisi Cepek] one letter is all it takes

[KuKuKaChu] i would not like to test it ...

[Polisi Cepek] well they accepted mine and i haven't had any trouble for years
[Polisi Cepek] if you're resident in another country they don't tax you. Live there more than 9 months a year, someting like that

[KuKuKaChu] the rule is usually 183 ... but there are a myriad of gotchas ...

[Capt. Mainwaring] http://www.stoneking.co.uk/uploads/documents/uk_tax_changes_for_non-domiciled_individuals.pdf

[KuKuKaChu] fortunatley, i've had no reason to go back to oz for many years, and no compelling reason to do so any time in the future


[Capt. Mainwaring] The UK has some very important distinctions between "residence" "not ordinarily resident" and "domiciled"
[Capt. Mainwaring] I'm not resident, not ordinarily resident, and domiciled
[Capt. Mainwaring] good innit?
[Capt. Mainwaring] but for the benefit of UK tax Mbak Aditya is not domiciled, so they want 30K a year - and if you transfer money in to pay it, they want 25% of that too.

[KuKuKaChu] capt, time to emigrate

[Polisi Cepek] move to that offshore pirate radio platform

[KuKuKaChu] take some shotguns with you

[Capt. Mainwaring] As you know I have - but you can't be stateless, and you need somewhere to go back to - you also owe it to your kids to give them the chance
[Capt. Mainwaring] admittedly my kids tolerate the UK but hardly love it
[Capt. Mainwaring] anybody want a USD $400K investment in return for a living?

[KuKuKaChu] capt, dual citizenship?
[KuKuKaChu] fast track indonesian citizenship can be had for USD20,000 ... less than the amount being demanded by UK govt

[Capt. Mainwaring] for who? me?
[Capt. Mainwaring] I'd go for it - thoughof course you have to clip the corner off the red passport ?

[KuKuKaChu] yes, you. you'll have to learn to sing indoneisa raya

[Capt. Mainwaring] wes iso

[KuKuKaChu] your UK passport can be replaced.

[Capt. Mainwaring] i've got a couple of them .....
[Capt. Mainwaring] it's a confusing time - I was just about to spend 500K GBP on a house (i'll post a picture) and prices are dropping at 1.3%pm... what to do?

[KuKuKaChu] the sultanate of okusi-ambeno also issues interesting passports
[KuKuKaChu] capt, property. singapore. bintan. karimun.
[KuKuKaChu] or you can buy my islands smile

[Capt. Mainwaring] http://www.statons.com/property/2751
[Capt. Mainwaring] i'll buy em when you own em....

[KuKuKaChu] of course i own them

[Capt. Mainwaring] I looked at the smiling knife development of batam a while back.

[KuKuKaChu] well, my company does

[Capt. Mainwaring] bit dodgy that was

[KuKuKaChu] not sure batam is such a good place ...
[KuKuKaChu] too many cowboys, indonesian and foreign
[KuKuKaChu] you mean, smiling hill?

[Capt. Mainwaring] thats the one
[Capt. Mainwaring] know anything about it?

[KuKuKaChu] i set up the company

[Capt. Mainwaring] oh yes?

[KuKuKaChu] yes
[KuKuKaChu] change in shareholdings some time ago
[KuKuKaChu] it looks ok to me.
[KuKuKaChu] but i just don't like batam i guess
[KuKuKaChu] bintan looks more interesting

[Capt. Mainwaring] trying to remember the guys name

[KuKuKaChu] douglas

[Capt. Mainwaring] and trev

[KuKuKaChu] yes, he's the komisaris

[Capt. Mainwaring] is it making dough?

[KuKuKaChu] they seem straight to me. but they are having problems with local administration. and they need more cash to bring the thing to fruition

[ Dilli] How much?

[KuKuKaChu] only in the order of 100s of thousands... i have a prospectus somewhere about

[ Dilli] IR or US$

[KuKuKaChu] gives a pretty honest assessment of prospects and current state of play
[KuKuKaChu] dill, okusi ringgit
[KuKuKaChu] USD of course!

[ Dilli] Ahh, Chickenfeed then

[KuKuKaChu] yes. i think things stalled when one of the investors pulled out to return to america, and they need more cash to actually start the renovations for all the houses they purchased.

[Capt. Mainwaring] I would have put in 250K usd , but would want to be a director which big trev didn't like
[Capt. Mainwaring] who was the singaporean charlie farlie?
[Capt. Mainwaring] and also in return for sticking in decent wedge I would want to see a decent return, not just 4% ++

[KuKuKaChu] no charlie in the company as far as i know, though he could be part of the share holder company from hongkong

[Capt. Mainwaring] ah yes, found it "former journalist" etc

[KuKuKaChu] the thing about the director i can sort of understand; they've got a lot of cooks ...

[Capt. Mainwaring] do you know Mike Hopkins?

[KuKuKaChu] you would probably be much better off as a komisaris.
[KuKuKaChu] nope, don;t know him

[Capt. Mainwaring] SGD$1.05 million (US$660,000) of new investment funds over the period to the end of December 2007
[Capt. Mainwaring] which I don't think they got

[KuKuKaChu] things seem to still be moving, nonetheless. probably just not nearly as fast as they would like

[Capt. Mainwaring] Princeton Property Group?

[KuKuKaChu] no idea
[KuKuKaChu] there could have been new investors come in since i was last handling their affairs


[Capt. Mainwaring] that's pt bukit senyum

[KuKuKaChu] yes
[KuKuKaChu] officially, PT. Smiling Hill Investments

[KuKuKaChu] i still have a copy of the prospectus from jan this year

[Capt. Mainwaring] Girls come from throughout Indonesia to work in Batam’s factories creating a surplus of

[Capt. Mainwaring] tarts

[Capt. Mainwaring] mine is a little older, may email and get a new one, but they took 6 months last time

[KuKuKaChu] i think they are keen for investors. you may wish to nego on the komisaris position.
[KuKuKaChu] being a komisaris gives you total supervisory powers; you can stick you nose into everything

[Capt. Mainwaring] I'd certainly want some control or as may as well just continue to buy JATIM land

[KuKuKaChu] indeed. i would feel exactly the same.
[KuKuKaChu] the company has assets, and a good plan. promotors are here for the long haul.

[Capt. Mainwaring] I wonder if it has turned a profit - looking at what they think some of the property is worth, I'm not sure

[KuKuKaChu] i think it's going to become increasingly valuable over the next few years, with 'spillover' from singaporeans wanting some beathing space.
[KuKuKaChu] what you really need to look at in this company is any legal problems with the houses it has, as well as any disputes with local govt.

[Capt. Mainwaring] I assume that they have already converted all the titles to SHM
[Capt. Mainwaring] and shifted the herberts from about the place

[KuKuKaChu] not certain about that ... certainly some houses may have a problematic status, and i don't know to what extent these have been addressed

[Capt. Mainwaring] well that's the issue , they gloss over the fact that they may ot have actually purchased all of the housing stock
[Capt. Mainwaring] and unlike the UK (dump that it is) it isn't easy to lift copies of IGB/HGB/SHM etc
[Capt. Mainwaring] "Disclaimer: We are not financial planners or advisers nor do we hold"

[KuKuKaChu] i don't see that as insurmountable. but they need to address it. there are also "holes" in the development with certain parties refusing to sell. also, squatter problems from former employees. but these should be taken care of.

[Capt. Mainwaring] "ourselves out to be"
[Capt. Mainwaring] great, like leaving myra hyndley looking after the kids

[KuKuKaChu] well, not quite capt smile
[KuKuKaChu] it's a pretty straightforward development

[Capt. Mainwaring] Just had a terrible shock about UK taxation for expats<br /> <br /> [Polisi Cepek] astaga. that's not cricket<br /> <br /> [Capt. Mainwaring] say that again PC - the buggers want GBP 30K a year for non-domiciled brits<br /> <br /> [Polisi Cepek] the sun never sets on the britsh taxation empire<br /> <br /> [Capt. Mainwaring] it doesn't now<br /> <br /> [KuKuKaChu] capt, stay on the move, if you don't want to pay tax ...<br /> <br /> [Polisi Cepek] that's absurd, how can they justify that extraterritorial application of law<br /> <br /> [KuKuKaChu] because they can<br /> [KuKuKaChu] US has been doing it for years<br /> [KuKuKaChu] indoneisa also claims right to tax overseas income; though no-one takes that seriously<br /> <br /> [Polisi Cepek] what, if you go home they slap irons on you?<br /> [Polisi Cepek] what if you show you paid tax overseas?<br /> <br /> [KuKuKaChu] they could indeed.<br /> <br /> [Polisi Cepek] presumably they can't double dip<br /> <br /> [KuKuKaChu] in oz, they will cancel your passport and/or prevent you from boarding aircraft. real fascist stuff<br /> [KuKuKaChu] they cant double dip in the event there is a tax treaty between the relevant countries<br /> <br /> [Polisi Cepek] not if you tell the tax office you're not residing in australia they don't<br /> [Polisi Cepek] one letter is all it takes<br /> <br /> [KuKuKaChu] i would not like to test it ...<br /> <br /> [Polisi Cepek] well they accepted mine and i haven't had any trouble for years<br /> [Polisi Cepek] if you're resident in another country they don't tax you. Live there more than 9 months a year, someting like that<br /> <br /> [KuKuKaChu] the rule is usually 183 ... but there are a myriad of gotchas ...<br /> <br /> [Capt. Mainwaring] <a href="http://www.stoneking.co.uk/uploads/documents/uk_tax_changes_for_non-domiciled_individuals.pdf" rel="nofollow" target="_blank">http://www.stoneking.co.uk/uploads/documents/uk_tax_changes_for_non-domiciled_individuals.pdf</a><br /> <br /> [KuKuKaChu] fortunatley, i've had no reason to go back to oz for many years, and no compelling reason to do so any time in the future <br /> <br /> <br /> [Capt. Mainwaring] The UK has some very important distinctions between &quot;residence&quot; &quot;not ordinarily resident&quot; and &quot;domiciled&quot;<br /> [Capt. Mainwaring] I'm not resident, not ordinarily resident, and domiciled<br /> [Capt. Mainwaring] good innit?<br /> [Capt. Mainwaring] but for the benefit of UK tax Mbak Aditya is not domiciled, so they want 30K a year - and if you transfer money in to pay it, they want 25% of that too.<br /> <br /> [KuKuKaChu] capt, time to emigrate <br /> <br /> [Polisi Cepek] move to that offshore pirate radio platform<br /> <br /> [KuKuKaChu] take some shotguns with you<br /> <br /> [Capt. Mainwaring] As you know I have - but you can't be stateless, and you need somewhere to go back to - you also owe it to your kids to give them the chance<br /> [Capt. Mainwaring] admittedly my kids tolerate the UK but hardly love it<br /> [Capt. Mainwaring] anybody want a USD $400K investment in return for a living?<br /> <br /> [KuKuKaChu] capt, dual citizenship?<br /> [KuKuKaChu] fast track indonesian citizenship can be had for USD20,000 ... less than the amount being demanded by UK govt <br /> <br /> [Capt. Mainwaring] for who? me?<br /> [Capt. Mainwaring] I'd go for it - thoughof course you have to clip the corner off the red passport ?<br /> <br /> [KuKuKaChu] yes, you. you'll have to learn to sing indoneisa raya<br /> <br /> [Capt. Mainwaring] wes iso<br /> <br /> [KuKuKaChu] your UK passport can be replaced.<br /> <br /> [Capt. Mainwaring] i've got a couple of them ..... <br /> [Capt. Mainwaring] it's a confusing time - I was just about to spend 500K GBP on a house (i'll post a picture) and prices are dropping at 1.3%pm... what to do?<br /> <br /> [KuKuKaChu] the sultanate of okusi-ambeno also issues interesting passports<br /> [KuKuKaChu] capt, property. singapore. bintan. karimun.<br /> [KuKuKaChu] or you can buy my islands <img src="http://batamchat.com/cf/sites/default/assets/img/smileys/smile.gif" alt="smile" title="smile" height="15" width="15" /> <br /> <br /> [Capt. Mainwaring] <a href="http://www.statons.com/property/2751" rel="nofollow" target="_blank">http://www.statons.com/property/2751</a><br /> [Capt. Mainwaring] i'll buy em when you own em....<br /> <br /> [KuKuKaChu] of course i own them<br /> <br /> [Capt. Mainwaring] I looked at the smiling knife development of batam a while back.<br /> <br /> [KuKuKaChu] well, my company does<br /> <br /> [Capt. Mainwaring] bit dodgy that was<br /> <br /> [KuKuKaChu] not sure batam is such a good place ...<br /> [KuKuKaChu] too many cowboys, indonesian and foreign<br /> [KuKuKaChu] you mean, smiling hill? <br /> <br /> [Capt. Mainwaring] thats the one<br /> [Capt. Mainwaring] know anything about it?<br /> <br /> [KuKuKaChu] i set up the company<br /> <br /> [Capt. Mainwaring] oh yes?<br /> <br /> [KuKuKaChu] yes<br /> [KuKuKaChu] change in shareholdings some time ago<br /> [KuKuKaChu] it looks ok to me.<br /> [KuKuKaChu] but i just don't like batam i guess<br /> [KuKuKaChu] bintan looks more interesting<br /> <br /> [Capt. Mainwaring] trying to remember the guys name<br /> <br /> [KuKuKaChu] douglas <br /> <br /> [Capt. Mainwaring] and trev<br /> <br /> [KuKuKaChu] yes, he's the komisaris<br /> <br /> [Capt. Mainwaring] is it making dough?<br /> <br /> [KuKuKaChu] they seem straight to me. but they are having problems with local administration. and they need more cash to bring the thing to fruition <br /> <br /> [ Dilli] How much?<br /> <br /> [KuKuKaChu] only in the order of 100s of thousands... i have a prospectus somewhere about<br /> <br /> [ Dilli] IR or US$<br /> <br /> [KuKuKaChu] gives a pretty honest assessment of prospects and current state of play<br /> [KuKuKaChu] dill, okusi ringgit<br /> [KuKuKaChu] USD of course!<br /> <br /> [ Dilli] Ahh, Chickenfeed then<br /> <br /> [KuKuKaChu] yes. i think things stalled when one of the investors pulled out to return to america, and they need more cash to actually start the renovations for all the houses they purchased.<br /> <br /> [Capt. Mainwaring] I would have put in 250K usd , but would want to be a director which big trev didn't like<br /> [Capt. Mainwaring] who was the singaporean charlie farlie?<br /> [Capt. Mainwaring] and also in return for sticking in decent wedge I would want to see a decent return, not just 4% ++<br /> <br /> [KuKuKaChu] no charlie in the company as far as i know, though he could be part of the share holder company from hongkong<br /> <br /> [Capt. Mainwaring] ah yes, found it &quot;former journalist&quot; etc<br /> <br /> [KuKuKaChu] the thing about the director i can sort of understand; they've got a lot of cooks ...<br /> <br /> [Capt. Mainwaring] do you know Mike Hopkins?<br /> <br /> [KuKuKaChu] you would probably be much better off as a komisaris.<br /> [KuKuKaChu] nope, don;t know him<br /> <br /> [Capt. Mainwaring] SGD$1.05 million (US$660,000) of new investment funds over the period to the end of December 2007<br /> [Capt. Mainwaring] which I don't think they got<br /> <br /> [KuKuKaChu] things seem to still be moving, nonetheless. probably just not nearly as fast as they would like <br /> <br /> [Capt. Mainwaring] Princeton Property Group?<br /> <br /> [KuKuKaChu] no idea<br /> [KuKuKaChu] there could have been new investors come in since i was last handling their affairs <br /> <br /> <br /> [Capt. Mainwaring] that's pt bukit senyum<br /> <br /> [KuKuKaChu] yes<br /> [KuKuKaChu] officially, PT. Smiling Hill Investments<br /> <br /> [KuKuKaChu] i still have a copy of the prospectus from jan this year<br /> <br /> [Capt. Mainwaring] Girls come from throughout Indonesia to work in Batam&rsquo;s factories creating a surplus of<br /> <br /> [Capt. Mainwaring] tarts <br /> <br /> [Capt. Mainwaring] mine is a little older, may email and get a new one, but they took 6 months last time<br /> <br /> [KuKuKaChu] i think they are keen for investors. you may wish to nego on the komisaris position.<br /> [KuKuKaChu] being a komisaris gives you total supervisory powers; you can stick you nose into everything<br /> <br /> [Capt. Mainwaring] I'd certainly want some control or as may as well just continue to buy JATIM land<br /> <br /> [KuKuKaChu] indeed. i would feel exactly the same.<br /> [KuKuKaChu] the company has assets, and a good plan. promotors are here for the long haul. <br /> <br /> [Capt. Mainwaring] I wonder if it has turned a profit - looking at what they think some of the property is worth, I'm not sure<br /> <br /> [KuKuKaChu] i think it's going to become increasingly valuable over the next few years, with 'spillover' from singaporeans wanting some beathing space.<br /> [KuKuKaChu] what you really need to look at in this company is any legal problems with the houses it has, as well as any disputes with local govt.<br /> <br /> [Capt. Mainwaring] I assume that they have already converted all the titles to SHM<br /> [Capt. Mainwaring] and shifted the herberts from about the place<br /> <br /> [KuKuKaChu] not certain about that ... certainly some houses may have a problematic status, and i don't know to what extent these have been addressed<br /> <br /> [Capt. Mainwaring] well that's the issue , they gloss over the fact that they may ot have actually purchased all of the housing stock<br /> [Capt. Mainwaring] and unlike the UK (dump that it is) it isn't easy to lift copies of IGB/HGB/SHM etc<br /> [Capt. Mainwaring] &quot;Disclaimer: We are not financial planners or advisers nor do we hold&quot;<br /> <br /> [KuKuKaChu] i don't see that as insurmountable. but they need to address it. there are also &quot;holes&quot; in the development with certain parties refusing to sell. also, squatter problems from former employees. but these should be taken care of.<br /> <br /> [Capt. Mainwaring] &quot;ourselves out to be&quot;<br /> [Capt. Mainwaring] great, like leaving myra hyndley looking after the kids<br /> <br /> [KuKuKaChu] well, not quite capt <img src="http://batamchat.com/cf/sites/default/assets/img/smileys/smile.gif" alt="smile" title="smile" height="15" width="15" /><br /> [KuKuKaChu] it's a pretty straightforward development <br /> <br />
KuKuKaChu: dangerously too sophisticated
Yes, the U.S. has been doing it for years with an important note:

If I am in the United States for no more than 35 days out of 365 days in a fiscal year, that is from January 1st to December 31st, then everything up to $85,000 is tax-free with the exception of Social Security taxes.

Does GB not have something similar to this in place?
Yes, the U.S. has been doing it for years with an important note:<br /> <br /> If I am in the United States <span style="font-weight: bold">for no more than 35 days out of 365 days in a fiscal year</span>, that is from January 1st to December 31st, then everything up to $85,000 is tax-free with the exception of Social Security taxes.<br /> <br /> Does GB not have something similar to this in place?
I got nothin'.
- - -
Come Hate With Me
http://thehateproject.blogspot.com
It's five weeks max I think in the motherland if you're a non-domiciled thingy
It's five weeks max I think in the motherland if you're a non-domiciled thingy
Chinese like more traditional patterns on their ring.
Originally Posted By: Roy's hair
It's five weeks max I think in the motherland if you're a non-domiciled thingy


Much more complicated RH - I shall post a few things for your general entertainment.

Quote:
The Special Commissioners were forced to rule in a case brought before them by Her Majesty’s Revenue and Customs relating to multimillionaire Robert Gaines-Cooper who HMRC decided broke the non-resident rules - not by the number of days he lived in the UK, but by his intentions and attitude towards the UK…

There is no question about it, Mr. Gaines-Cooper is an incredibly astute businessman, he bought real estate and established his residency in the Seychelles back in the 1970s and since then has been incredibly careful to remain well within the guidelines set by HMRC relating to the number of days he could reside in the UK before being deemed resident for taxation purposes.

According to the HMRC leaflet IR20 ‘Residents and non-residents: Liability to tax in the United Kingdom,’ if one regularly returns to the UK but does not remain in the UK for more than 90 days a year over a four year period then one does not qualify as resident.

According to this rule Mr. Gaines-Cooper followed the pattern that many wealthy professionals follow…because days of entry and exit were not previously counted towards the 90 day limit, businessmen arrive in the UK on a Monday morning and leave on a Wednesday evening therefore according to the rules they are only in the UK for one day a week. Even if they do this 52 weeks of the year they only notch up 52 days out of the allowable 90 thus giving themselves plenty of spare days for unforeseen circumstances and plenty of spare days to ensure that they stay well within the guidelines and avoid paying UK tax.

However, despite the fact that Mr Gaines-Cooper was oh so careful to follow the letter of the law as dictated by HMRC, they felt that because he allowed his wife to live in the UK, educated his son at a UK private school and maintained an active membership of a number of British clubs, societies and committees, it was always his intention to remain ‘British’ and therefore they asked The Special Commissioners to take into account the number of nights Mr. Gaines-Cooper remained in the UK annually and of course this doubled the amount of time he was resident and made sure that he became liable for complete UK taxation on worldwide income and gains.

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Roy's hair</div><div class="ubbcode-body">It's five weeks max I think in the motherland if you're a non-domiciled thingy </div></div><br /> <br /> Much more complicated RH - I shall post a few things for your general entertainment.<br /> <br /> <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The Special Commissioners were forced to rule in a case brought before them by Her Majesty&rsquo;s Revenue and Customs relating to multimillionaire Robert Gaines-Cooper who HMRC decided broke the non-resident rules - not by the number of days he lived in the UK, but by his intentions and attitude towards the UK&hellip; <br /> <br /> There is no question about it, Mr. Gaines-Cooper is an incredibly astute businessman, he bought real estate and established his residency in the Seychelles back in the 1970s and since then has been incredibly careful to remain well within the guidelines set by HMRC relating to the number of days he could reside in the UK before being deemed resident for taxation purposes. <br /> <br /> According to the HMRC leaflet IR20 &lsquo;Residents and non-residents: Liability to tax in the United Kingdom,&rsquo; if one regularly returns to the UK but does not remain in the UK for more than 90 days a year over a four year period then one does not qualify as resident. <br /> <br /> According to this rule Mr. Gaines-Cooper followed the pattern that many wealthy professionals follow&hellip;because days of entry and exit were not previously counted towards the 90 day limit, businessmen arrive in the UK on a Monday morning and leave on a Wednesday evening therefore according to the rules they are only in the UK for one day a week. Even if they do this 52 weeks of the year they only notch up 52 days out of the allowable 90 thus giving themselves plenty of spare days for unforeseen circumstances and plenty of spare days to ensure that they stay well within the guidelines and avoid paying UK tax. <br /> <br /> However, despite the fact that Mr Gaines-Cooper was oh so careful to follow the letter of the law as dictated by HMRC, they felt that because he allowed his wife to live in the UK, educated his son at a UK private school and maintained an active membership of a number of British clubs, societies and committees, it was always his intention to remain &lsquo;British&rsquo; and therefore they asked The Special Commissioners to take into account the number of nights Mr. Gaines-Cooper remained in the UK annually and of course this doubled the amount of time he was resident and made sure that he became liable for complete UK taxation on worldwide income and gains. <br /> <br /> </div></div>
I also made a vegetarian version,with tempe and tofu chunks for myself and others.Get over it.
Kosong.Wolo.Setunggal.Setunggal.Setunggal.Kosong.Pitu.Setunggal.Kosong.Wolo=Tempik
Originally Posted By: Capt. Mainwaring
Originally Posted By: Roy's hair
It's five weeks max I think in the motherland if you're a non-domiciled thingy


Much more complicated RH - I shall post a few things for your general entertainment.

Quote:
The Special Commissioners were forced to rule in a case brought before them by Her Majesty’s Revenue and Customs relating to multimillionaire Robert Gaines-Cooper who HMRC decided broke the non-resident rules - not by the number of days he lived in the UK, but by his intentions and attitude towards the UK…

There is no question about it, Mr. Gaines-Cooper is an incredibly astute businessman, he bought real estate and established his residency in the Seychelles back in the 1970s and since then has been incredibly careful to remain well within the guidelines set by HMRC relating to the number of days he could reside in the UK before being deemed resident for taxation purposes.

According to the HMRC leaflet IR20 ‘Residents and non-residents: Liability to tax in the United Kingdom,’ if one regularly returns to the UK but does not remain in the UK for more than 90 days a year over a four year period then one does not qualify as resident.

According to this rule Mr. Gaines-Cooper followed the pattern that many wealthy professionals follow…because days of entry and exit were not previously counted towards the 90 day limit, businessmen arrive in the UK on a Monday morning and leave on a Wednesday evening therefore according to the rules they are only in the UK for one day a week. Even if they do this 52 weeks of the year they only notch up 52 days out of the allowable 90 thus giving themselves plenty of spare days for unforeseen circumstances and plenty of spare days to ensure that they stay well within the guidelines and avoid paying UK tax.

However, despite the fact that Mr Gaines-Cooper was oh so careful to follow the letter of the law as dictated by HMRC, they felt that because he allowed his wife to live in the UK, educated his son at a UK private school and maintained an active membership of a number of British clubs, societies and committees, it was always his intention to remain ‘British’ and therefore they asked The Special Commissioners to take into account the number of nights Mr. Gaines-Cooper remained in the UK annually and of course this doubled the amount of time he was resident and made sure that he became liable for complete UK taxation on worldwide income and gains.



Well that is bunch of crap, let's make the rules and change them after the fact and collect a huge fucking amount of quid.......
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Capt. Mainwaring</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Roy's hair</div><div class="ubbcode-body">It's five weeks max I think in the motherland if you're a non-domiciled thingy </div></div><br /> <br /> Much more complicated RH - I shall post a few things for your general entertainment.<br /> <br /> <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The Special Commissioners were forced to rule in a case brought before them by Her Majesty&rsquo;s Revenue and Customs relating to multimillionaire Robert Gaines-Cooper who HMRC decided broke the non-resident rules - not by the number of days he lived in the UK, but by his intentions and attitude towards the UK&hellip; <br /> <br /> There is no question about it, Mr. Gaines-Cooper is an incredibly astute businessman, he bought real estate and established his residency in the Seychelles back in the 1970s and since then has been incredibly careful to remain well within the guidelines set by HMRC relating to the number of days he could reside in the UK before being deemed resident for taxation purposes. <br /> <br /> According to the HMRC leaflet IR20 &lsquo;Residents and non-residents: Liability to tax in the United Kingdom,&rsquo; if one regularly returns to the UK but does not remain in the UK for more than 90 days a year over a four year period then one does not qualify as resident. <br /> <br /> According to this rule Mr. Gaines-Cooper followed the pattern that many wealthy professionals follow&hellip;because days of entry and exit were not previously counted towards the 90 day limit, businessmen arrive in the UK on a Monday morning and leave on a Wednesday evening therefore according to the rules they are only in the UK for one day a week. Even if they do this 52 weeks of the year they only notch up 52 days out of the allowable 90 thus giving themselves plenty of spare days for unforeseen circumstances and plenty of spare days to ensure that they stay well within the guidelines and avoid paying UK tax. <br /> <br /> However, despite the fact that Mr Gaines-Cooper was oh so careful to follow the letter of the law as dictated by HMRC, they felt that because he allowed his wife to live in the UK, educated his son at a UK private school and maintained an active membership of a number of British clubs, societies and committees, it was always his intention to remain &lsquo;British&rsquo; and therefore they asked The Special Commissioners to take into account the number of nights Mr. Gaines-Cooper remained in the UK annually and of course this doubled the amount of time he was resident and made sure that he became liable for complete UK taxation on worldwide income and gains. <br /> <br /> </div></div> </div></div><br /> <br /> Well that is bunch of crap, let's make the rules and change them after the fact and collect a huge fucking amount of quid.......
This is one of those "Half full, Half empt..shit I just spilled the glass in my lap" observations, isn't it?

The only Faith that people really have to lose, is faith in themselves...........






<img src="http://www.taxcafe.co.uk/intro/nro/nro12.gif" alt="" /> <br /> <img src="http://www.taxcafe.co.uk/intro/nro/nro13.gif" alt="" /> <br /> <img src="http://www.taxcafe.co.uk/intro/nro/nro14.gif" alt="" /> <br /> <img src="http://www.taxcafe.co.uk/intro/nro/nro15.gif" alt="" /> <br /> <img src="http://www.taxcafe.co.uk/intro/nro/nro16.gif" alt="" /> <br /> <img src="http://www.taxcafe.co.uk/intro/nro/nro17.gif" alt="" /> <br /> <img src="http://www.taxcafe.co.uk/intro/nro/nro18.gif" alt="" />
I also made a vegetarian version,with tempe and tofu chunks for myself and others.Get over it.
Kosong.Wolo.Setunggal.Setunggal.Setunggal.Kosong.Pitu.Setunggal.Kosong.Wolo=Tempik
We've not got the whole domicile/non-domicile issue in the U.S.

You can qualify for the $85,000 tax-free status two ways:

By having permanent residency in a foreign country, OR

By physical presence.

If you have perm. res. in a foreign country, then it doesn't matter how long you are in the U.S. So long as you don't WORK in the U.S., you can be there as long as you want and up to $85K is still tax free.

However if you don't have perm. res. i.e. a KITAS, then you have to go by the physical presence method which means you may not be in the U.S. for more than 35 days in a fiscal year -- unless you want to hand over massive duckets to Uncle Sam.

I don't have a KITAS, so the U.S. is not high on my 'must visit' list. If I spend more than 35 days in the U.S. in a fiscal year, then I would end up owing Uncle Punk nearly $60K in taxes. Fuck that noise.
We've not got the whole domicile/non-domicile issue in the U.S. <br /> <br /> You can qualify for the $85,000 tax-free status two ways:<br /> <br /> By having permanent residency in a foreign country, OR<br /> <br /> By physical presence.<br /> <br /> If you have perm. res. in a foreign country, then it doesn't matter how long you are in the U.S. So long as you don't WORK in the U.S., you can be there as long as you want and up to $85K is still tax free.<br /> <br /> However if you don't have perm. res. i.e. a KITAS, then you have to go by the physical presence method which means you may not be in the U.S. for more than 35 days in a fiscal year -- unless you want to hand over massive duckets to Uncle Sam.<br /> <br /> I don't have a KITAS, so the U.S. is not high on my 'must visit' list. If I spend more than 35 days in the U.S. in a fiscal year, then I would end up owing Uncle Punk nearly $60K in taxes. Fuck that noise.
I got nothin'.
- - -
Come Hate With Me
http://thehateproject.blogspot.com
With the UK, the knack is to be Not Ordinarily Resident and Not Resident - effectively you have to make sure that you don't get on the voters, have foreign bank cards and ideally that you make sure your promary residence is not available to you.

With the UK, the knack is to be Not Ordinarily Resident and Not Resident - effectively you have to make sure that you don't get on the voters, have foreign bank cards and ideally that you make sure your promary residence is not available to you.<br /> <br />
I also made a vegetarian version,with tempe and tofu chunks for myself and others.Get over it.
Kosong.Wolo.Setunggal.Setunggal.Setunggal.Kosong.Pitu.Setunggal.Kosong.Wolo=Tempik
Jeebus! What a pain in the ass that sounds. And I thought WE had it bad with Govt. hands in our pockets while overseas...
Jeebus! What a pain in the ass that sounds. And I thought WE had it bad with Govt. hands in our pockets while overseas...
I got nothin'.
- - -
Come Hate With Me
http://thehateproject.blogspot.com
Oh yes Sammy - for people who are just NOR - they claim their tax back on their pay as you earn contributions for 3 years then are given an NT (no tax) tax code so they don't pay tax or National Insurance , in the even of them ever being found working in the UK then they (the inland revenue) will claw back all of the tax they have been exempted from . You can end up paying for years.

Now the latest is to charge GBP 30K to all non-domiciled expats.

They take one's arse, and we have to shit through our ribs.

It's very east to just sit back and think about the 500K US you have stashed in some Indo bank, but when to try and bring it "home"...
Oh yes Sammy - for people who are just NOR - they claim their tax back on their pay as you earn contributions for 3 years then are given an NT (no tax) tax code so they don't pay tax or National Insurance , in the even of them ever being found working in the UK then they (the inland revenue) will claw back all of the tax they have been exempted from . You can end up paying for years.<br /> <br /> Now the latest is to charge GBP 30K to all non-domiciled expats.<br /> <br /> They take one's arse, and we have to shit through our ribs.<br /> <br /> It's very east to just sit back and think about the 500K US you have stashed in some Indo bank, but when to try and bring it "home"...
I also made a vegetarian version,with tempe and tofu chunks for myself and others.Get over it.
Kosong.Wolo.Setunggal.Setunggal.Setunggal.Kosong.Pitu.Setunggal.Kosong.Wolo=Tempik
Quote:
It's very east to just sit back and think about the 500K US you have stashed in some Indo bank, but when to try and bring it "home"...


Which, if you have paid tax on within Indonesia should not be real problem due to the tax treaty!
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">It's very east to just sit back and think about the 500K US you have stashed in some Indo bank, but when to try and bring it "home"... </div></div><br /> <br /> Which, if you have paid tax on within Indonesia should not be real problem due to the tax treaty!
Menace to Sobriety

Firstly while on paper the two way taxation agreement exists, in practice it isn't worth a toss and the UK tax authorities will take some convincing.

Secondly - the chances of anyone paying full tax on their income in Indo is minimal, chances are a bare minimum income is declared for housing and expenses etc, and the rest is filched off into an account in Dubai. That's where the problem lies now, trying to get that money back to the UK should the need arise ( and no one knows when the need may arise)
Firstly while on paper the two way taxation agreement exists, in practice it isn't worth a toss and the UK tax authorities will take some convincing.<br /> <br /> Secondly - the chances of anyone paying full tax on their income in Indo is minimal, chances are a bare minimum income is declared for housing and expenses etc, and the rest is filched off into an account in Dubai. That's where the problem lies now, trying to get that money back to the UK should the need arise ( and no one knows when the need may arise)
I also made a vegetarian version,with tempe and tofu chunks for myself and others.Get over it.
Kosong.Wolo.Setunggal.Setunggal.Setunggal.Kosong.Pitu.Setunggal.Kosong.Wolo=Tempik
what has the UK got that other places (eg dubai, singapore, etc) don't?
what has the UK got that other places (eg dubai, singapore, etc) don't?<br />
KuKuKaChu: dangerously too sophisticated
Originally Posted By: KuKuKaChu
what has the UK got that other places (eg dubai, singapore, etc) don't?
A free health care service that will give your children hugely expensive medical treatment when you can't afford it.

Oh, and when you face doesn't fit in your adopted home, you always have a council flat to hang you hat in.

Dubai? not worth a squirt.
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: KuKuKaChu</div><div class="ubbcode-body">what has the UK got that other places (eg dubai, singapore, etc) don't?<br /> </div></div>A free health care service that will give your children hugely expensive medical treatment when you can't afford it.<br /> <br /> Oh, and when you face doesn't fit in your adopted home, you always have a council flat to hang you hat in.<br /> <br /> Dubai? not worth a squirt.
I also made a vegetarian version,with tempe and tofu chunks for myself and others.Get over it.
Kosong.Wolo.Setunggal.Setunggal.Setunggal.Kosong.Pitu.Setunggal.Kosong.Wolo=Tempik
Oh bloody Nora. This is the most depressing thread I've ever read. So after a few years molesting over here, if I return to the UK and get a job flogging immersion heaters I'll get whacked with a massive tax bill?
Oh bloody Nora. This is the most depressing thread I've ever read. So after a few years molesting over here, if I return to the UK and get a job flogging immersion heaters I'll get whacked with a massive tax bill?
Chinese like more traditional patterns on their ring.
The Inland Revenue will get their fuckin' bit. You can be sure of that. Still haven't taxed "thingy" yet though, that's a surprise, what with all these stealth taxes.
The Inland Revenue will get their fuckin' bit. You can be sure of that. Still haven't taxed "thingy" yet though, that's a surprise, what with all these stealth taxes.
Chinese like more traditional patterns on their ring.
Originally Posted By: Roy's hair
Oh bloody Nora. This is the most depressing thread I've ever read. So after a few years molesting over here, if I return to the UK and get a job flogging immersion heaters I'll get whacked with a massive tax bill?


'Fraid so RH - If you still have your own house (or shed in Harrow) then you could claim NOR and Not Resident, but if not then you may be not-domiciled and have to give or your molesting pennies back.

You should also be aware that the old Immersion Heater Sales Act has been superceded so you are probably bolloxed now.

Are you thinking about jacking it in and getting a proper job then?
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Roy's hair</div><div class="ubbcode-body">Oh bloody Nora. This is the most depressing thread I've ever read. So after a few years molesting over here, if I return to the UK and get a job flogging immersion heaters I'll get whacked with a massive tax bill? </div></div><br /> <br /> 'Fraid so RH - If you still have your own house (or shed in Harrow) then you could claim NOR and Not Resident, but if not then you may be not-domiciled and have to give or your molesting pennies back.<br /> <br /> You should also be aware that the old Immersion Heater Sales Act has been superceded so you are probably bolloxed now.<br /> <br /> Are you thinking about jacking it in and getting a proper job then?<br />
I also made a vegetarian version,with tempe and tofu chunks for myself and others.Get over it.
Kosong.Wolo.Setunggal.Setunggal.Setunggal.Kosong.Pitu.Setunggal.Kosong.Wolo=Tempik
Originally Posted By: Roy's hair
Oh bloody Nora. This is the most depressing thread I've ever read.


Cheer up by watching a silly clip from "the Chaser's War on Everything". The Chasers are them what dressed up as Osama bin Laden and got a fake Canadian motorcade into the APEC environs last year.

http://www.youtube.com/watch?v=hpVqZESqqJw
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Roy's hair</div><div class="ubbcode-body">Oh bloody Nora. This is the most depressing thread I've ever read.</div></div><br /> <br /> Cheer up by watching a silly clip from &quot;the Chaser's War on Everything&quot;. The Chasers are them what dressed up as Osama bin Laden and got a fake Canadian motorcade into the APEC environs last year.<br /> <br /> <a href="http://www.youtube.com/watch?v=hpVqZESqqJw" rel="nofollow" target="_blank">http://www.youtube.com/watch?v=hpVqZESqqJw</a><br />
I'll post the rest then you can get completely pissed off and do yourself in.






I'll post the rest then you can get completely pissed off and do yourself in.<br /> <br /> <img src="http://www.taxcafe.co.uk/intro/nro/nro19.gif" alt="" /> <br /> <img src="http://www.taxcafe.co.uk/intro/nro/nro20.gif" alt="" /> <br /> <img src="http://www.taxcafe.co.uk/intro/nro/nro21.gif" alt="" /> <br /> <img src="http://www.taxcafe.co.uk/intro/nro/nro22.gif" alt="" /> <br /> <img src="http://www.taxcafe.co.uk/intro/nro/nro23.gif" alt="" /> <br /> <img src="http://www.taxcafe.co.uk/intro/nro/nro24.gif" alt="" />
I also made a vegetarian version,with tempe and tofu chunks for myself and others.Get over it.
Kosong.Wolo.Setunggal.Setunggal.Setunggal.Kosong.Pitu.Setunggal.Kosong.Wolo=Tempik
Crumbs. The shed's mortgaged up to the hilt in any case.
Crumbs. The shed's mortgaged up to the hilt in any case.
Chinese like more traditional patterns on their ring.
12
89
views
31
replies
0
followers
live preview
enter atleast 10 characters
WARNING: You mentioned %MENTIONS%, but they cannot see this message and will not be notified
Saving...
Saved
All posts under this topic will be deleted ?
Pending draft ... Click to resume editing
Discard draft

Warning: session_write_close(): Session callback expects true/false return value in Unknown on line 0