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Hello, I am one of the experts on Just Answer and pleased to be able to help you with your question. By the way, I have a Thai wife.
You will not be an UK resident for the 18/19 tax year.
When you leave the UK for Trailand be sure to complete a Form P85 and send it to HMRC. That Department will classify you as non resident for the tax year following your dat of departure and, furthermore, split the leaving year into teo portions, one resident and the other non resident. Once so classified you may spend up to 90 days on the UK in any one tax year without breaching your non resident status.
I do hope that you have fond my reply of assistance.
This is a typical example of HMRC stupidity. How can you self assess before the end of the tax year? The P85 provides for the refund of overpaid tax on departure and if you do not send one in that Department will never classify you as non resident.
HMRC would be stymied by your submission of a P85 when you leave the UK for Thailand.
It would be nothing to do with HMRC were you classified as non resident which you would be post submission of a Form P85. Once classified as non resident you can spend up to 90 days in the UK in any one tax year without breaching you non resident status. 40 days in the UK would be no problem before you depart. If you left in June for example your pro rata no of permitted days in the UK would be 75. You would be classified as non resident for the 19/20 tax year and the 18/19 would be a split year, one portion resident, the other non resident.
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Correct, lots of ex pats do this on a regular basis. Don't forget the P85 though.
Thank you for your support.
No, just advise your tax office of your departure,
Thank you for your support,
No not at all providing you remember the P85. On receipt of the P85 HMRC will classify you as non resident as I originally explained. On return you merely advise HMRC of your return by letter and the split year procedure is immediately applies again, but in reverse.
Providing the position is closed whilst you are in Thailand then there will be no HMRC involvement. That Department only comes into play when you are resident in the UK. Under the P85 procedure you can return to the UK for 90 days in any one tax year without breaching your non resident status. In the event of family illness this can be extended.
Yes, you would.
Banks receive thousands of overseas remittances each day so I would not be concerned about that.
HMRC always express the law as they would like it to be not what it actually is! Use the P85 and you will be all right. Don't use it and they will trample all over you. In Thailand you cannot, as a farang, own your own home anyway except maybe a condominium or through a Thai limited company.
Delighted to have been of assistance.
Sorry, I can give general advice, but as we know from the news these days the left hand side of the Home Office does not know what the right hand side is doing and very often they are at cross purposes! If you use the P85 then the 90 day rule kicks in. In theory these 90 days can be averaged out over 4 consecutive tax years, but the general consensus of experts on Just Answer is never to exceed the magic 90 days.