Moving from EU to London | Non-Dom

[Luganese]

Hello, I live in a southern european country and I'm thinking to move to London where I'm already the director of a company.
I'm thinking to apply for the non-dom tax status. Anybody here knows how it works or how I should manage my business to avoid paying for my offshore operations?

Thanks

 

[Martin Everson]

Luganese said:
'm thinking to apply for the non-dom tax status. Anybody here knows how it works
Click to expand...

You don't apply. When it comes to tax time after 1 year you elect each year to be taxed on the remittance basis. As a non-dom you can choose each year not be be on remittance basis and be taxed on arising basis if you don't have any offshore income. See the UK SA100 tax form question 8 for more info.

Luganese said:
how I should manage my business to avoid paying for my offshore operations?
Click to expand...

Manage what business? If you mean UK business it will be taxed in UK as will any dividends you pay yourself. If you just want a non-dom status then move to Ireland and run the UK company from there.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.