UK taxpayers with overseas assets must check their tax position and ensure there are no instances of tax evasion or non-compliance to avoid RTC penalties
Submitted by Sestini & Co
| on Fri, 11/14/2014 - 19:48 | In Uncategorized
I’m often asked how much money can be brought into the UK without incurring a tax charge – or in some cases to work out the “tax cost” of bringing in overseas earnings or investments.
The question typically comes from either people returning to the UK after a time abroad, or from non-domiciled individuals living in the UK who have income generated overseas.
For the first group, the answer is generally very simple, if they’ve earned or received income while they’ve been [- -]