Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #41  
Old 09.01.2018, 20:08
Medea Fleecestealer's Avatar
Forum Legend
 
Join Date: Jul 2011
Location: Switzerland
Posts: 22,141
Groaned at 406 Times in 315 Posts
Thanked 17,123 Times in 9,630 Posts
Medea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond repute
Re: Filing UK Tax Return being a non-resident

Then she needs to talk to your local cantonal tax office. I think she will still need to file a Swiss return, but would probably pay little or no tax. Is the UK property mortgaged? That can be offset on the Swiss return.
Reply With Quote
  #42  
Old 09.01.2018, 21:13
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,008
Groaned at 450 Times in 344 Posts
Thanked 22,302 Times in 11,541 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Filing UK Tax Return being a non-resident

Quote:
View Post
Hi,

Hope someone can help. I have been in Switzerland since 2014 and completing my tax returns as expected. My girlfriend came with me and she is resident here but does not work (funded by me). She has property in the UK ONLY in here name which she makes a neglible amount of profit on because we have a family member in there (approx 4000 per annum revenue) and she has been completing a UK tax return each year. My question is, as she is resident here but does not work but has this small amount of profit from property in the UK, and because of the financial institutions now asking for proof of residency. Is she supposed to complete a tax here in Switzerland or continue in UK and if it is here in Switzerland is she liable for tax on the 4000 per annum (technically her only income)?

Cheers,

Bowlertc
UK property income is taxable in the UK, however ex pats still get the UK's personal allowance of 11,500 a year so no UK tax is payable in your girlfriends case. Other people looking at this should be aware that mortgage interest is no longer fully deductible however this only is relevant to a higher rate taxpayer.
Reply With Quote
  #43  
Old 10.01.2018, 10:24
Stew's Avatar
Junior Member
 
Join Date: May 2009
Location: Frauenfeld
Posts: 89
Groaned at 1 Time in 1 Post
Thanked 65 Times in 33 Posts
Stew is considered knowledgeableStew is considered knowledgeableStew is considered knowledgeable
Re: Filing UK Tax Return being a non-resident

To add - I've completed the online form for the past 8 years as I have income from UK property and a tiny bit of interest from an account, never had to pay any tax and in the early years received a refund before asking the letting agent to not 'tax my rental income at source'.

The address on the form is a UK one for correspondence - in my HMRC 'sign on profile', my Swiss address is used.
Reply With Quote
  #44  
Old 10.01.2018, 11:17
Forum Legend
 
Join Date: Aug 2015
Location: Basle
Posts: 2,764
Groaned at 72 Times in 57 Posts
Thanked 1,925 Times in 1,112 Posts
Landers has a reputation beyond reputeLanders has a reputation beyond reputeLanders has a reputation beyond reputeLanders has a reputation beyond reputeLanders has a reputation beyond repute
Re: Filing UK Tax Return being a non-resident

Quote:
View Post
I will ring HMRC to check.
Generally speaking, if you have no UK tax to pay then you don't have to file a return. All UK income is declarable in Switzerland if you need to file a Swiss tax return. Generally speaking if you're taxed at source in Switzerland you don't need to volunteer other income. There might however be rules about if other income is a significant part of overall income. I'm sure the info is available online somewhere.
Reply With Quote
  #45  
Old 10.01.2018, 14:09
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 14,430
Groaned at 281 Times in 187 Posts
Thanked 18,156 Times in 7,618 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: Filing UK Tax Return being a non-resident

Quote:
View Post
UK property income is taxable in the UK, however ex pats still get the UK's personal allowance of 11,500 a year so no UK tax is payable in your girlfriends case. Other people looking at this should be aware that mortgage interest is no longer fully deductible however this only is relevant to a higher rate taxpayer.
another significant change is the loss of wear and tear allowance.
Reply With Quote
This user would like to thank Phil_MCR for this useful post:
  #46  
Old 14.10.2018, 20:14
HIAO's Avatar
Forum Veteran
 
Join Date: Jun 2011
Location: Bellevue
Posts: 1,318
Groaned at 8 Times in 7 Posts
Thanked 3,398 Times in 946 Posts
HIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond repute
Re: Filing UK Tax Return being a non-resident

While this dinosaur is filling out his paper tax return, my daughter is re-reading Cinderella and has questions.

'Daddy, when the pumpkin turned into a golden coach, is that income or a capital gain?'

If you're doing it on paper, remember the 31 October deadline.

Have a great week.
Reply With Quote
This user would like to thank HIAO for this useful post:
  #47  
Old 15.10.2018, 02:36
Banned
 
Join Date: May 2014
Location: Ausland, escaped .ch scamland
Posts: 239
Groaned at 49 Times in 24 Posts
Thanked 156 Times in 83 Posts
armed_neutrality is considered unworthyarmed_neutrality is considered unworthyarmed_neutrality is considered unworthy
Re: Filing UK Tax Return being a non-resident

A few years ago, they abolished the 10% tax credit on dividends, with a 5k dividend allowance part of the replacement scheme. Now, that allowance is reduced to 2k. They just can't help cranking that greed ratchet, ensuring anyone of value has left.


A few years ago, they introduced capital gains tax on uk property for non-residents. Then, this year, indexation allowance on capital gains for companies is gone. Greed ratchet - cranked.
Reply With Quote
  #48  
Old 15.10.2018, 02:40
Banned
 
Join Date: May 2014
Location: Ausland, escaped .ch scamland
Posts: 239
Groaned at 49 Times in 24 Posts
Thanked 156 Times in 83 Posts
armed_neutrality is considered unworthyarmed_neutrality is considered unworthyarmed_neutrality is considered unworthy
Re: Filing UK Tax Return being a non-resident

I have a question about this.


If one has previously filed returns, but this year would have no tax to pay, does one simply stop filing? Or does one notify HMRC that one won't be filing?
Reply With Quote
  #49  
Old 15.10.2018, 07:07
Banned
 
Join Date: Jun 2013
Location: North
Posts: 996
Groaned at 38 Times in 23 Posts
Thanked 1,351 Times in 624 Posts
Fish Paste has a reputation beyond reputeFish Paste has a reputation beyond reputeFish Paste has a reputation beyond reputeFish Paste has a reputation beyond repute
Re: Filing UK Tax Return being a non-resident

Quote:
View Post
I have a question about this.


If one has previously filed returns, but this year would have no tax to pay, does one simply stop filing? Or does one notify HMRC that one won't be filing?
Keep filing, they tell you, you don't tell them.
Reply With Quote
  #50  
Old 15.10.2018, 09:46
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,008
Groaned at 450 Times in 344 Posts
Thanked 22,302 Times in 11,541 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Filing UK Tax Return being a non-resident

Quote:
View Post
A few years ago, they abolished the 10% tax credit on dividends, with a 5k dividend allowance part of the replacement scheme. Now, that allowance is reduced to 2k. They just can't help cranking that greed ratchet, ensuring anyone of value has left.


A few years ago, they introduced capital gains tax on uk property for non-residents. Then, this year, indexation allowance on capital gains for companies is gone. Greed ratchet - cranked.
CGT on non residents property uses the value at 6 April 2015 rather than acquisition which is a huge benefit.
CGT indexation ended for the general public years ago when the CGT rate was substantially reduced. You can still use the 1982 value for assets acquired before that date.
Reply With Quote
  #51  
Old 15.10.2018, 10:51
NotAllThere's Avatar
Forum Legend
 
Join Date: Oct 2008
Location: Baselland
Posts: 13,254
Groaned at 216 Times in 191 Posts
Thanked 19,333 Times in 7,869 Posts
NotAllThere has a reputation beyond reputeNotAllThere has a reputation beyond reputeNotAllThere has a reputation beyond reputeNotAllThere has a reputation beyond reputeNotAllThere has a reputation beyond reputeNotAllThere has a reputation beyond repute
Re: Filing UK Tax Return being a non-resident

Quote:
View Post
While this dinosaur is filling out his paper tax return, my daughter is re-reading Cinderella and has questions.

'Daddy, when the pumpkin turned into a golden coach, is that income or a capital gain?'
Obviously capital gain. The pumpkin has gained in value. However, you need to checked whether it counts as professional investing.

Quote:
View Post
I have a question about this.


If one has previously filed returns, but this year would have no tax to pay, does one simply stop filing? Or does one notify HMRC that one won't be filing?
It used to be, before all these electronic shenanigans, that you only filled in a return if they sent it to you. When I came here, I had a final return covering the previous year, and then never heard from them again. I suggest you call them and ask.

I believe though, as it is self-assessment, if you assess that you have no tax to pay, you do not have to fill in a return. I'd expect when you call them, they'll tell you it's up to you!
__________________
Down with racism. Long live miscegenation!
Reply With Quote
The following 2 users would like to thank NotAllThere for this useful post:
  #52  
Old 15.10.2018, 10:59
Guest
 
Posts: n/a
Re: Filing UK Tax Return being a non-resident

Quote:
View Post
I have a question about this.


If one has previously filed returns, but this year would have no tax to pay, does one simply stop filing? Or does one notify HMRC that one won't be filing?
Phone them and let them know your circumstances have changed. They can change your status on their system so they don't expect a SA return, and will send a letter confirming this. That's what happened for me anyway. Once I'd got through it was all very painless. I was working solely in the UK at the time though paying tax through PAYE.
Reply With Quote
  #53  
Old 26.11.2018, 12:03
Junior Member
 
Join Date: May 2015
Location: Zurich
Posts: 88
Groaned at 0 Times in 0 Posts
Thanked 37 Times in 20 Posts
alsion has made some interesting contributions
Re: Filing UK Tax Return being a non-resident

Quote:
View Post
Generally speaking, if you have no UK tax to pay then you don't have to file a return. All UK income is declarable in Switzerland if you need to file a Swiss tax return. Generally speaking if you're taxed at source in Switzerland you don't need to volunteer other income. There might however be rules about if other income is a significant part of overall income. I'm sure the info is available online somewhere.
Just stumbled across this.... if you receive rental income, you either need to be taxed at source (your tenants may be oblivious to this, but a decent letting agent should be aware), or register with HMRC's Non-Resident Landlord (NRL) scheme and file annual tax returns (even if this results in nil liability, which is quite likely given the personal allowance available to British/EU/EEA nationals). HMRC are quite helpful by phone.
https://www.gov.uk/tax-uk-income-live-abroad
Reply With Quote
  #54  
Old 25.10.2019, 18:22
HIAO's Avatar
Forum Veteran
 
Join Date: Jun 2011
Location: Bellevue
Posts: 1,318
Groaned at 8 Times in 7 Posts
Thanked 3,398 Times in 946 Posts
HIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond repute
Re: Filing UK Tax Return being a non-resident

Tis the season, the UK tax return season that is..

Be like santa's helpers and get your elf-assessment done on time.

If you do it online, it's 31 January 2020. If you're some kind of weird 19th century masochist like me who still does a paper return, the deadline is 31 October.

If you are doing it this weekend, you'll get an extra hour, what with the clocks going back.

Have a great weekend.
Reply With Quote
  #55  
Old 04.10.2020, 17:59
HIAO's Avatar
Forum Veteran
 
Join Date: Jun 2011
Location: Bellevue
Posts: 1,318
Groaned at 8 Times in 7 Posts
Thanked 3,398 Times in 946 Posts
HIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond repute
Re: Filing UK Tax Return being a non-resident

Remember the deadline for filing a UK paper return is 31 October 2020.

Online returns are 31 Jan as usual.

If you're a last minute paper returner, you'll even get an extra hour, when the clocks go back on 25 October.
Reply With Quote
The following 2 users would like to thank HIAO for this useful post:
  #56  
Old 04.10.2020, 18:26
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 14,430
Groaned at 281 Times in 187 Posts
Thanked 18,156 Times in 7,618 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: Filing UK Tax Return being a non-resident

Quote:
View Post
Tis the season, the UK tax return season that is..

Be like santa's helpers and get your elf-assessment done on time.

If you do it online, it's 31 January 2020. If you're some kind of weird 19th century masochist like me who still does a paper return, the deadline is 31 October.

If you are doing it this weekend, you'll get an extra hour, what with the clocks going back.

Have a great weekend.
I did a paper return last year simply because I'm too tight to shell out 30 for the electronic software
Reply With Quote
The following 2 users would like to thank Phil_MCR for this useful post:
  #57  
Old 04.10.2020, 19:39
Forum Legend
 
Join Date: Aug 2015
Location: Basle
Posts: 2,764
Groaned at 72 Times in 57 Posts
Thanked 1,925 Times in 1,112 Posts
Landers has a reputation beyond reputeLanders has a reputation beyond reputeLanders has a reputation beyond reputeLanders has a reputation beyond reputeLanders has a reputation beyond repute
Re: Filing UK Tax Return being a non-resident

I pay 18.
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Tax return for non-resident swinburne Finance/banking/taxation 28 22.05.2013 17:30
Non-resident taxation - tax return & income basis . chast Finance/banking/taxation 4 11.11.2011 10:02
Filing a US tax return JustRose Finance/banking/taxation 24 14.04.2010 13:29
tax return filing date? peebix Finance/banking/taxation 6 03.04.2009 16:13
[UK] 4 days a week in hotel (Geneva) counts as being resident for swiss tax purposes? Quicksilver Finance/banking/taxation 5 18.07.2008 10:03


All times are GMT +2. The time now is 14:07.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0