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Join the foreign legion.(expatriates can benefit from UK tax policies)(Brief Article)
There are growing opportunities in the market for expatriates living in the UK
There are a significant number of foreigners resident in the UK, many of them are very affluent and able to take advantage of a favourable tax climate. Although the principles are relatively well known among specialist lawyers and accountant, the mechanics are often poorly understood by investment managers and trustees. Those who have a full understanding can offer a truly value-added service.
A UK-resident foreigner avoids UK income tax on income which is not from a UK or Republic of Ireland source and is not remitted to the UK (s65(4) Income and Corporation Taxes Act 1988).
To ensure that income is not remitted, it should be kept separate from any account used for remittance to the UK.
Once income and prin-cipal are mixed it is, in practice,…
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Source: HighBeam Research, Join the foreign legion.(expatriates can benefit from UK tax...
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