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LadyJessie
regular


Reged: 21/11/2006
Posts: 1127
Loc: the Med
Re: Tax
      23/04/2008 12:03

It is very difficult to give tax advice without knowing the personal circumstances. Giving general advice can easily become nonsensical at best and misleading at worst. I would recommend that you talk to a tax adviser. (I have been one myself so this is an unashamed plug for my old profession.)

Having said that disclaimer; yes it is possible under certain circumstances to avoid paying any tax. You don't have to be resident anywhere, it is perfectly OK to be resident on your boat 'on the seven seas' without any tax liability. However, if you retain a property and has income in the UK; you are resident for tax purposes. Other concerns than just tax should also be taken into account when choosing residency. If you are not resident anywhere, you are also not covered by any medical and social security. You might find that maintaining a 'residency' could mean a saving in medical insurance that could be larger than your tax bill.

Lots more variables that are too complicated to go into on a general thread, talk to an adviser. (wow, I got two plugs in.... getting good at this...)

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Entire topic
Subject Posted by Posted on
* Tax PhilipH 23/04/2008 08:07
. * * Re: Tax Conachair   26/04/2008 00:59
. * * Re: Tax Conachair   25/04/2008 09:19
. * * Re: Tax Rogershaw   25/04/2008 15:18
. * * Re: Tax Conachair   25/04/2008 17:41
. * * Re: Tax KellysEye   25/04/2008 18:26
. * * Re: Tax LadyJessie   25/04/2008 22:24
. * * Re: Tax KellysEye   26/04/2008 15:58
. * * Re: Tax LadyJessie   26/04/2008 18:16
. * * Re: Tax Conachair   26/04/2008 18:46
. * * Re: Tax LadyJessie   26/04/2008 19:05
. * * Re: Tax KellysEye   26/04/2008 21:07
. * * Re: Tax LadyJessie   26/04/2008 21:38
. * * Re: Tax KellysEye   26/04/2008 22:50
. * * Re: Tax LadyJessie   26/04/2008 23:39
. * * Re: Tax Troutbridge   27/04/2008 12:22
. * * Re: Tax LadyJessie   27/04/2008 16:31
. * * Re: Tax JamesFrance   27/04/2008 15:58
. * * Re: Tax LadyJessie   27/04/2008 20:05
. * * Re: Tax LadyJessie   27/04/2008 16:48
. * * Re: Tax whipper_snapper   26/04/2008 19:16
. * * Re: Tax Conachair   25/04/2008 18:36
. * * Re: Tax Jeannius   25/04/2008 16:06
. * * Re: Tax PhilipH   24/04/2008 20:14
. * * Re: Tax Rogershaw   24/04/2008 08:45
. * * Re: Tax whipper_snapper   23/04/2008 18:14
. * * Re: Tax LadyJessie   23/04/2008 18:30
. * * Re: Tax jmac   23/04/2008 21:34
. * * Re: Tax Ropy   24/04/2008 06:59
. * * Re: Tax Relax   24/04/2008 09:02
. * * Re: Tax wingdiver   24/04/2008 12:33
. * * Re: Tax Relax   24/04/2008 13:27
. * * Re: Tax wingdiver   24/04/2008 14:18
. * * Re: Tax Troutbridge   24/04/2008 14:39
. * * Re: Tax longjohnsilver   24/04/2008 13:22
. * * Re: Tax LadyJessie   24/04/2008 14:17
. * * Re: Tax anteak   23/04/2008 17:49
. * * Re: Tax LadyJessie   23/04/2008 18:11
. * * Re: Tax wingdiver   23/04/2008 14:31
. * * Re: Tax trouville   23/04/2008 15:32
. * * Re: Tax Relax   23/04/2008 12:05
. * * Re: Tax LadyJessie   23/04/2008 12:03
. * * Re: Tax KellysEye   23/04/2008 16:53
. * * Re: Tax LadyJessie   23/04/2008 17:42
. * * Re: Tax JamesFrance   23/04/2008 17:25
. * * Re: Tax Conachair   23/04/2008 10:24
. * * Re: Tax trouville   23/04/2008 10:21

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