i never lived there. i only go there like twice a month on weekends to visit my wife
ok to get this absolutely clear. capital gains which i received here, will not be taxed when i move the entire sum to the UK for investing in a house?
perfect thank you very much tony
Hey tony, i am actually thinking of moving to the UK from January onwards. im guessing by the nember of trips i have planned till december end i woulod have spen atound 70 days in the UK since march. Does this mean that i cannot move to the Uk permanently from January and that i have to move in April only?
Read section 5 of RDR3 from page 59 and, in addition, at Tables F and G on pages 60 and 65 respectively of RDR3 here. 70 days in the UK between 6 April 2015 and 31 January 2016 should be fine.
the example in section 5 is of someone leaving UK to another country for the split year. whereas im the opposite case. am i looking at this correctly?
just to restate the facts, i tried to read the above but i couldn't keep track of things. to clarify again since my wife lives in the UK the house which we moved in from June 2014 to August 2015 were on both our names. so i had a house in the UK for that period, we moved to a different house a few months back in aug 2015 which is only under my wife name. so I'm not sure if i meet the only homes test. i have a full time home in switzerland of course.
also since time has moved since the last time we spoke, i have spent 85 days in the UK so far. correct me if I'm wrong but my methodology for counting no of days in the Uk has been as follows: if i go to london say today 25th Dec Friday evening 7PM and leave on the 27th Sunday 7PM flight back to geneva, then i have counted this as 3 days. can you verify if this is the correct counting methodology.
sorry to bother you on christmas but pls understand my plight, I don't know if i can safely visit my wife in the UK from hereon till end of the tax year without paying a heft capital gains
i have resigned from my company and would be serving a gardening leave from now on till March 2016. till then i would be considered an employee in switzerland. my work permit here in swiss expires on march 2016 as well. i will receive my shares principal(taxed here) and capital gains on it which will be paid out to me from Jan 2016 to March 2016. i wish to move to the UK as soon as possible. please can you help.
A day is counted as a day in the UK if you are in the UK at midnight at the end of that day. So, if you arrive in the UK at 7pm on 25 December and leave at 7 pm on 27 December, you will have spent 2 days in the UK, the 25th and 26th of DecemberSee Table F on page 60 of RDR3. The number of days is reduced for the sufficient ties test if you come to the UK part way through the year. You must not meet the sufficient ties test between 6 April and your permanent return to the UK. One of Cases 4 to 8 will need to be met to qualify you for split-year treatement. Start on page 59 of RDR3.See paragraph A11 on page 87 (Annex A) for one definition of a home. Not having ownership of a property doesn't necessarily mean it isn't your home.The averaging of days spent in the UK over a rolling four year period has not applied since 6 April 2013 when the SRT came into force.