Tax dodging of overseas rental income the UAE
Discussion
CraigyMc said:
Mrr T said:
Rufus Stone said:
Paywalled.
A 12ft ladder often helps with the problem.Mrr T said:
CraigyMc said:
Mrr T said:
Rufus Stone said:
Paywalled.
A 12ft ladder often helps with the problem.CraigyMc said:
Mrr T said:
CraigyMc said:
Mrr T said:
Rufus Stone said:
Paywalled.
A 12ft ladder often helps with the problem.ecs said:
Can only read the first few paragraphs due to paywwall; but the article starts by mentioning that 22k citizens own property in Dubai, but only 1900 UK residents are declaring income. The difference between citizen and resident is very important so it seems like the article is a load of s
t (unless they mention the number of UK residents in the bit you have to pay to read).
FYI Archive.ph works.t (unless they mention the number of UK residents in the bit you have to pay to read).Indeed. 22k UK citizens absolutely does not mean 22k UK tax residents. Massive difference. So without more specifics this article is bollicks clickrage.
One wonders that if UAE wasn’t a tax free jurisdiction, and owners were paying local taxes on rental income as is usually the case would there be any story here? Just seems that because the UAE happens to be tax free, the “pay your fair share” crowd has latched onto it. Sure, but what is a “fair share” though? What tax laws set by your elected government say, or just what you think? Answers on a postcard, and let us know what you think about Monaco, Cayman Islands, etc. whilst you’re at it.
dvs_dave said:
One wonders that if UAE wasn’t a tax free jurisdiction, and owners were paying local taxes on rental income as is usually the case would there be any story here? Just seems that because the UAE happens to be tax free, the “pay your fair share” crowd has latched onto it. Sure, but what is a “fair share” though? What tax laws set by your elected government say, or just what you think? Answers on a postcard, and let us know what you think about Monaco, Cayman Islands, etc. whilst you’re at it.
Las-Vegas-by-sea, a.k.a. the World's Council Estate is popular only for tax.dvs_dave said:
ecs said:
Can only read the first few paragraphs due to paywwall; but the article starts by mentioning that 22k citizens own property in Dubai, but only 1900 UK residents are declaring income. The difference between citizen and resident is very important so it seems like the article is a load of st (unless they mention the number of UK residents in the bit you have to pay to read).
FYI Archive.ph works.t (unless they mention the number of UK residents in the bit you have to pay to read).Indeed. 22k UK citizens absolutely does not mean 22k UK tax residents. Massive difference. So without more specifics this article is b
ks clickrage.One wonders that if UAE wasn’t a tax free jurisdiction, and owners were paying local taxes on rental income as is usually the case would there be any story here? Just seems that because the UAE happens to be tax free, the “pay your fair share” crowd has latched onto it. Sure, but what is a “fair share” though? What tax laws set by your elected government say, or just what you think? Answers on a postcard, and let us know what you think about Monaco, Cayman Islands, etc. whilst you’re at it.
That said, happen to have family on cayman, where there is
- no income tax, and
- big salaries (~£150K is normal), but
- groceries are typically 3x to 6x the price of the UK
For example:
Carton of Oatly: CI$7 (=£6.60) -- UK price is £1.50.
1lb/453g grapes CI$5 (=£4.72) -- UK price (Tesco £1.59 for 500g)
Be careful of this sort of thing in your comparison -- pay is high and tax is low, but costs are extraordinary too, for some of these locations.
Also applies to medical stuff, schools, childcare, cars, fuel, power, internet access, water, sports, etc etc.
CraigyMc said:
People living abroad as residents of those jurisdictions isn't the issue. It's people living in the UK and avoiding UK tax on income from abroad.
I get that, but the article is silent on how many people that actually is which is the key info that’s missing to be able to determine how much of a problem it actually is. For example I’m a UK citizen, at one time owned a rental in DXB, but was not UK tax resident so no obligation to report that income. Yet according to this article, someone like me is being painted as a tax dodger which is absolutely not the case.Digga said:
Las-Vegas-by-sea, a.k.a. the World's Council Estate is popular only for tax.
Yup, Dubai is a sunny place for shady people.I was there pre-financial crisis, so before the complete chavification of the place. It was actually a decent place to be expatting back then. Not now though. Ghastly overpriced, underpaid Vegas imitation for wannabes.
dvs_dave said:
Digga said:
Las-Vegas-by-sea, a.k.a. the World's Council Estate is popular only for tax.
Yup, Dubai is a sunny place for shady people.I was there pre-financial crisis, so before the complete chavification of the place. It was actually a decent place to be expatting back then. Not now though. Ghastly overpriced, underpaid Vegas imitation for wannabes.
dvs_dave said:
Yup, Dubai is a sunny place for shady people.
I was there pre-financial crisis, so before the complete chavification of the place. It was actually a decent place to be expatting back then. Not now though. Ghastly overpriced, underpaid Vegas imitation for wannabes.
Plus it's full of dodgy Russians.I was there pre-financial crisis, so before the complete chavification of the place. It was actually a decent place to be expatting back then. Not now though. Ghastly overpriced, underpaid Vegas imitation for wannabes.
pork911 said:
dvs_dave said:
Digga said:
Las-Vegas-by-sea, a.k.a. the World's Council Estate is popular only for tax.
Yup, Dubai is a sunny place for shady people.I was there pre-financial crisis, so before the complete chavification of the place. It was actually a decent place to be expatting back then. Not now though. Ghastly overpriced, underpaid Vegas imitation for wannabes.
ecs said:
Can only read the first few paragraphs due to paywwall; but the article starts by mentioning that 22k citizens own property in Dubai, but only 1900 UK residents are declaring income. The difference between citizen and resident is very important so it seems like the article is a load of st (unless they mention the number of UK residents in the bit you have to pay to read).
I haven't read the article either, but do wonder if the line you quote is interchanging citizen with resident just because of the common journalistic overuse of Thesaurus in order to keep their attention-span deficient readers engaged.t (unless they mention the number of UK residents in the bit you have to pay to read).CraigyMc said:
pork911 said:
dvs_dave said:
Digga said:
Las-Vegas-by-sea, a.k.a. the World's Council Estate is popular only for tax.
Yup, Dubai is a sunny place for shady people.I was there pre-financial crisis, so before the complete chavification of the place. It was actually a decent place to be expatting back then. Not now though. Ghastly overpriced, underpaid Vegas imitation for wannabes.
(Even pre financial crisis).
fly by wire said:
pork911 said:
Despite aspirations most Brit expats there are relatively poor/immigrants
(Even pre financial crisis).
lol(Even pre financial crisis).
Have you ever been there?
I spent almost 2 years working in McDermotts fab yard in Jebel Ali and had a flat in Deira.
I didn't know any 'skint expats'
(A whole flat?)
pork911 said:
fly by wire said:
pork911 said:
Despite aspirations most Brit expats there are relatively poor/immigrants
(Even pre financial crisis).
lol(Even pre financial crisis).
Have you ever been there?
I spent almost 2 years working in McDermotts fab yard in Jebel Ali and had a flat in Deira.
I didn't know any 'skint expats'
(A whole flat?)
Grow up.
fly by wire said:
pork911 said:
fly by wire said:
pork911 said:
Despite aspirations most Brit expats there are relatively poor/immigrants
(Even pre financial crisis).
lol(Even pre financial crisis).
Have you ever been there?
I spent almost 2 years working in McDermotts fab yard in Jebel Ali and had a flat in Deira.
I didn't know any 'skint expats'
(A whole flat?)
Grow up.
Expats are immigrants who are richer than the local populace.
pork911 said:
Thin skinned I see, but i am serious.
Expats are immigrants who are richer than the local populace.
An expatriate is a person who temporarily resides outside their country of citizenship.Expats are immigrants who are richer than the local populace.
An immigrant is a person who comes to live permanently in a foreign country.
No one except Emiratis can live permanently in the UAE. Sponsorship by an Emirati one way or another is required. Therefore everyone not from the UAE living there is by definition an expat, and not an immigrant.
I was an expat in Dubai, and I am now an immigrant in the USA, but I am a citizen of the UK.
HTH
dvs_dave said:
pork911 said:
Thin skinned I see, but i am serious.
Expats are immigrants who are richer than the local populace.
An expatriate is a person who temporarily resides outside their country of citizenship.Expats are immigrants who are richer than the local populace.
An immigrant is a person who comes to live permanently in a foreign country.
No one except Emiratis can live permanently in the UAE. Sponsorship by an Emirati one way or another is required. Therefore everyone not from the UAE living there is by definition an expat, and not an immigrant.
I was an expat in Dubai, and I am now an immigrant in the USA, but I am a citizen of the UK.
HTH
How many sniffy brits in Dubai describe themselves as immigrants in normal conversation
The immigrant / expat distinction is very much real in many a self image
HTH lolz
fly by wire said:
dvs_dave said:
Yup, Dubai is a sunny place for shady people.
I was there pre-financial crisis, so before the complete chavification of the place. It was actually a decent place to be expatting back then. Not now though. Ghastly overpriced, underpaid Vegas imitation for wannabes.
Plus it's full of dodgy Russians.I was there pre-financial crisis, so before the complete chavification of the place. It was actually a decent place to be expatting back then. Not now though. Ghastly overpriced, underpaid Vegas imitation for wannabes.
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