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Post by rgs2001uk on Dec 22, 2020 21:09:02 GMT 7
Pick up the phone and phone Newcastle, very helpful people.
They asked me 5 questions.
Name.
Nat Ins Number.
When did you leave the UK.
How much time do you spend in the UK.
Do you own UK property.
If Bob the Builder thinks he is coming here to retire on his pension, and live off the rental income of his house in Whtley Bay tax free, he has another think coming.
On a similair vein, I hold two UK bank accounts, lived overseas for years, and have no probems being sent credit cards etc etc, both banks are well aware of my address.
I hold two UK investor accounts, Rathbones and Interactive Investor, same as above, both know where I live and have no problem with that.
I have sold six figure sums of stocks and shares and never been hit up for capital gains tax, I believe Hector taxes me 10% at source on the divis, but dont quote me on that.
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GavinK
Crazy Mango
Posts: 101
Likes: 55
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Post by GavinK on Dec 23, 2020 17:31:17 GMT 7
I believe Hector taxes me 10% at source on the divis, but dont quote me on that. 7.5% so you’re 2.5% up. And no capital gains tax for non uk residents (except on property) although Hector might try and put a stop to that...
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AyG
Crazy Mango Extraordinaire
Posts: 5,871
Likes: 4,555
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Post by AyG on Dec 23, 2020 18:34:23 GMT 7
I believe Hector taxes me 10% at source on the divis, but dont quote me on that. That's the old regime - pre-April 2016. Now there's no tax deducted at source, and tax payers have an additional, tax free allowance of GBP 2000/year for dividend income. For UK investors, they are taxed according to their tax band. Basic rate tax payers are taxed at 7.5%. The top rate is 38.1%. However, AFAIK, non-residents continue not having to pay any additional tax on dividend income.
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Post by rgs2001uk on Dec 23, 2020 21:17:47 GMT 7
Thanks for the updates lads.
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