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Foreign Income issues
How to make foreign income less taxing
You can shelter your unremitted foreign income and gains from UK taxation. This is achieved by electing to be taxed on the remittance basis. If you are long-term residents, you are not taxed on your foreign income and gains until they are remitted to the UK.
If you are non-UK domiciled individuals, you can make your affairs to live off clean capital for your entire stay in the UK.. You need to plan on quantifying the amount of clean capital you will need to sustain your lifestyle while in the UK..
You also need to structure your affairs appropriately, so that clean capital cannot be mixed with foreign income and gains arising after you become UK tax resident.
To find out, how we can support you to face foreign income issues, why not contact us on 0208 914 8887 for a Free, No Obligation Consultation. Your financial strength is our success.