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I left the UK to take up residence abroad on 16th March

Resolved Question:

Hello,I left the UK to take up residence abroad on 16th March 2016. For the tax year ending April 2017, I will have two sources of income:
1) Rent from my UK property
2) Earnings as a management consultant, working outside the UK but paid into a UK based LLP of which I am a partner.
I know I will be liable for UK income tax on 1) but my question is: am I liable for UK income tax on 2)?Thank you.
Submitted: 7 months ago.
Category: Tax
Expert:  Sam replied 7 months ago.

Hi

Thanks for your question - I am Sam and I am one of the UK tax experts here on Just Answer.

Yes you will actually remain liable to income source 2 as this arises and is paid in the UK - but if you spend less than 90 days a year in the UK (none of which are to perform any duties as a partner) and also plan to remin living and working outside of the Uk for at least one full tax year (so beyond 05/04/2018) - then you can complete form P85 for HMRC (leaving the UK) and they will issue code NT if you are salaried and allow a tax free consideration if you just receive a share of the partnership LLP profits.

Link here for form P85

https://www.gov.uk/government/publications/income-tax-leaving-the-uk-getting-your-tax-right-p85

You should also note regarding the rental income, that unless you apply for the Non Resident Landlord scheme then your managing agent (if you have one) or your tenants must deduct tax from the gross rents and pay these over to HMRC

The Non Resident landlord scheme allows you to receive gross rents without any deduction of tax

https://www.gov.uk/tax-uk-income-live-abroad/rent

However each year you will need to complete a self assessment tax return to declare the rental income and the partnership LLP income - and then ill in a residency form so HMRC can determine your continuing non residency position.

Let me know if I can assist further

Thanks

Sam

Customer: replied 7 months ago.
Thank you. One follow up question, which I will pay for if necessary.Once I complete form P85, what happens to my rights to use the NHS should I become ill? And where can I find up to date official information about this?Thanks again
Expert:  Sam replied 7 months ago.

Hi

We are tax experts and have no involvement with the NHS aspects but I found this for you

http://www.nhs.uk/chq/Pages/1963.aspx?CategoryID=68&SubCategoryID=159

Let me know if I can assist furtehr, or, if you have all that you need, it would be appreciated if you could rate me for the level of service I have provided, or click accept

Thanks

Sam

Sam, Accountant
Category: Tax
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Experience: 26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
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