Hello,
My first post and a rather complicated one!
My wife is in the process of negotiating herself a contract in a Middle-Eastern country, this would be for around 6 months and would hopefully be for a few hundred thousand pounds
However I am not happy with they prospect of a 50% tax bill Just wondering what the options are to try and reduce this to a more sensible level!
My initial reaction would be to go for a limited company with my wife and I as directors and employees. She would be working in the foreign country whilst I would be her secretary/PA etc working here in the UK. We would pay ouselves a reasonable salay.
This would allow us to claim for flights as business expenses. How easy would it be arrange a "Per diem" for subsistence expenses whilst she is living and working abroad and what limits are allowed! I remember when I was working for a normal Uk company around 10 years ago we were give something like £100 per day tax free to cover all living expenses whilst abroad!!!
One added "wrinkle" is she was born in the foreign country but currently only has a UK passport.
Regards
My first post and a rather complicated one!
My wife is in the process of negotiating herself a contract in a Middle-Eastern country, this would be for around 6 months and would hopefully be for a few hundred thousand pounds
However I am not happy with they prospect of a 50% tax bill Just wondering what the options are to try and reduce this to a more sensible level!
My initial reaction would be to go for a limited company with my wife and I as directors and employees. She would be working in the foreign country whilst I would be her secretary/PA etc working here in the UK. We would pay ouselves a reasonable salay.
This would allow us to claim for flights as business expenses. How easy would it be arrange a "Per diem" for subsistence expenses whilst she is living and working abroad and what limits are allowed! I remember when I was working for a normal Uk company around 10 years ago we were give something like £100 per day tax free to cover all living expenses whilst abroad!!!
One added "wrinkle" is she was born in the foreign country but currently only has a UK passport.
Regards
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