Reply to: Fiscal Nomad

[MPwannadecentincome]

You have to be out of the Euro Zone for at least 4 years before they consider you have gone away, then you must keep to the 180 day rule to keep away. UK changed their rules, it where you are at midnight that counts now. No more travelling days.

I think they are trying to tighten up the rules even more. 30 years ago my Dad did a stint for 18 months in the middle east - tax free earnings even though rest of family were in the UK.

Now in the Sunday Times I read about government plans to challenge tax exile status based on whether children are in school in the UK and where property is held, golf club memberships are held etc. Initially targetting the super rich it says in the article but know New Labour it won't stop there.

So that will doom the Abu Dhabi 12 month contract I have applied for - unlikely to be gone for 4 years and I'm not selling up to go out even if the family go out and the kids go to new schools.

[alreadypacked]

or spend 6 months in dubai and pay zero tax

If you are working in Dubai ok (not easy to find a job these days) otherwise Dubai has a high cost of living and most apartments required 1 year rent in advance.

[DimPrawn]

or spend 6 months in dubai and pay zero tax

That would probably be the lowest one.

[Andy2]

I would probably choose the one with the lowest tax bill.

or spend 6 months in dubai and pay zero tax

[alreadypacked]

Dont tell him your name Pike

[DimPrawn]

where do you pay the tax if you dont mind asking

I would probably choose the one with the lowest tax bill.

[alreadypacked]

where do you pay the tax if you dont mind asking

For next year, I haven't decided yet.

[EternalOptimist]

where do you pay the tax if you dont mind asking

Dont tell him your name Pike

[Andy2]

You have to be out of the Euro Zone for at least 4 years before they consider you have gone away, then you must keep to the 180 day rule to keep away. UK changed their rules, it where you are at midnight that counts now. No more travelling days.

2010
2 months Egypt (working 1 month)
3 months India (working 2 months)
1 month Ireland
6 months where ever I find work.
or do a house swap in NZ see if I can find something over there to fill in.

where do you pay the tax if you dont mind asking

[alreadypacked]

If you compare the UK with Switzerland comparing salaries and take home, there is a difference, but not a particularly big one, and tax rates don't come much lower than Siwtzerland. The truth is a huge amount seems to disappear in other deductions.

If you're going to leave the UK because of tax, then it is only worth leaving for somewhere you pay none at all.

For tax exiles the term frying pan and fire spring to mind, you'll just shift your disgruntlement from one tax grabbing government to the next.

In Switzerland most of the difference will be lost in the Supermarket paying an extortionate amount for basics.

I think Switzerland would be a fab. place for super models, don't eat, smoke as much as you like

[BlasterBates]

If you compare the UK with Switzerland comparing salaries and take home, there is a difference, but not a particularly big one, and tax rates don't come much lower than Siwtzerland. The truth is a huge amount seems to disappear in other deductions.

If you're going to leave the UK because of tax, then it is only worth leaving for somewhere you pay none at all.

For tax exiles the term frying pan and fire spring to mind, you'll just shift your disgruntlement from one tax grabbing government to the next.

In Switzerland most of the difference will be lost in the Supermarket paying an extortionate amount for basics.

[Gordon Brown]

This government will act to prevent hard working families suffering due to falling tax receipts caused by tax havens. Tax havens have no place in a fair and equitable society, such as Britain under New Labour.

New Labour will punish those who do not pay large amounts of tax. No return to boom and bust. Etc, etc.

Gordo.

[Tingles]

FYI....


St Kitts & Nevis...

No tax on overseas income.

[alreadypacked]

And alreadypacked?

You have to be out of the Euro Zone for at least 4 years before they consider you have gone away, then you must keep to the 180 day rule to keep away. UK changed their rules, it where you are at midnight that counts now. No more travelling days.

2010
2 months Egypt (working 1 month)
3 months India (working 2 months)
1 month Ireland
6 months where ever I find work.
or do a house swap in NZ see if I can find something over there to fill in.

[DiscoStu]

Me too!

Make sure you leave the UK properly. The guy behind this site knows everything about it
http://www.wealthprotectionreport.co.uk/