New Contract

[Menelaus]

I've just been offered a new contract that lasts five years(!) by a UK-domiciled company for me to work outside of the UK (but still in the EU). I'm planning to maintain my home here in the UK and also rent or buy a small place there.

What are the tax implications there? I'm *very* keen to avoid paying two lots of tax / social insurance (etc) but equally I'm aware that the cost of maintaining homes in two countries will be something that will be costly...

[denver2k]

I've just been offered a new contract that lasts five years(!) by a UK-domiciled company for me to work outside of the UK (but still in the EU). I'm planning to maintain my home here in the UK and also rent or buy a small place there.

What are the tax implications there? I'm *very* keen to avoid paying two lots of tax / social insurance (etc) but equally I'm aware that the cost of maintaining homes in two countries will be something that will be costly...

Contract for 5 years....Looks like a permie role wrapped as a contract

I dont know about 'outside UK' but within UK, it would fancy Taxman for an IR35 fling

[Menelaus]

Contract for 5 years....Looks like a permie role wrapped as a contract

I dont know about 'outside UK' but within UK, it would fancy Taxman for an IR35 fling

Agreed, but it's in private equity and I'll be arsed if I'm staying around beyond their exit date.

[NickNick]

I'm not an expert in this, but if you are intending to spend the next 5 years out of the country then the tax on earnings would be payable in the country of residence wouldn't it? Any income on your property here would be taxed though, assuming you make profit of course.

[MAQ]

I'm not an expert in this, but if you are intending to spend the next 5 years out of the country then the tax on earnings would be payable in the country of residence wouldn't it? Any income on your property here would be taxed though, assuming you make profit of course.

Nick Nick has gt it spot on imho - I've been in France 4 years and in Belgium for 4, I have a house in Scotland, had one in France & sold it (no profit cos of the credit crunch ) and just bought one here

Tax & S/S is payable in your country of residence period! I don't pay tax on my house in scotland even though it's rented cos I am careful to that the rent comes to the same cost as the mortgage & insurances etc - ok ok 200£ a month more but it's still below the Uk tax threshold, and in 8 years, have had no tax problems since de-registering from HMRC blah blah

[QUOTE=Menelaus;830842]I've just been offered a new contract that lasts five years(!) by a UK-domiciled company for me to work outside of the UK (but still in the EU). I'm planning to maintain my home here in the UK and also rent or buy a small place there.

I can honestly say I hope your EU country isn't Belgium as it's so bloody expensive here that we drive 40 minutes twice a month to do the shopping in Carrefour France & save a fortune doing so . We only bought a house here cos it's an investment & better than renting in the long term, cos we have really got to "stay put" until the kids finish school in 2/3 years

Just moved last week and toady got the Sky dish aligned and also finally upgraded to Sky+ (yes yes it's paid thru my uk address )

good luck mate - thats what I say.