We require a personal tax consultant.

We require a personal tax consultant.

Author
Discussion

Mothersruin

Original Poster:

8,573 posts

99 months

Thursday 12th January 2017
quotequote all
We're going to be classed as uk residents again after along time in sunnier climes. We have income from investments held in a number of countries and want to ensure we've planned everything correctly.

Could anyone point us in the right direction? The local accountants get a bit flummoxed when we go 'offshore'.

Eric Mc

122,010 posts

265 months

Thursday 12th January 2017
quotequote all
Are you UK tax residents now?

Do you live in the UK?

Mothersruin

Original Poster:

8,573 posts

99 months

Thursday 12th January 2017
quotequote all
Eric Mc said:
Are you UK tax residents now?

Do you live in the UK?
Yes.

Eric Mc

122,010 posts

265 months

Thursday 12th January 2017
quotequote all
So, the only "international" aspect of your affairs is that you have some foreign based savings and investments that generate income which will be taxable in the UK?

If that is the case, then your affairs aren't that complex and any competent accountant should be able to complete your tax returns correctly.

After 5 April 2018 the tax return world is changing fundamentally sop every body will have to learn new ways of reporting relevant data to HMRC.

Mothersruin

Original Poster:

8,573 posts

99 months

Thursday 12th January 2017
quotequote all
OK, cheers.

It's more maximising allowances that we haven't had to worry about before and want to make sure we have everything set up correctly.

Eric Mc

122,010 posts

265 months

Thursday 12th January 2017
quotequote all
What types of allowances are you talking about?

Mothersruin

Original Poster:

8,573 posts

99 months

Thursday 12th January 2017
quotequote all
Personal allowances, can do to mitigate etc...

Eric Mc

122,010 posts

265 months

Thursday 12th January 2017
quotequote all
Personal allowances are automatic. If you are a UK tax resident - you get one.

Mothersruin

Original Poster:

8,573 posts

99 months

Thursday 12th January 2017
quotequote all
Thanks.

Eric Mc

122,010 posts

265 months

Thursday 12th January 2017
quotequote all
I don't understand your expression "can do to mitigate". Surely you want to MAXIMISE your allowances, not mitigate them.

Mothersruin

Original Poster:

8,573 posts

99 months

Thursday 12th January 2017
quotequote all
Mitigate the tax take.

Sorry - poor phrasing.

Eric Mc

122,010 posts

265 months

Thursday 12th January 2017
quotequote all
I had a feekli9ng that was what you meant - although it didn't read that way.

From what you say I don't think that there is anything so overly complicated about your affairs that a decent accountant couldn't handle.