Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Thread Tools Display Modes
Old 25.01.2021, 16:58
Junior Member
Join Date: Jan 2021
Location: Altendorf
Posts: 35
Groaned at 2 Times in 2 Posts
Thanked 15 Times in 7 Posts
PoppyGirl has no particular reputation at present
Default Non Uk Tax Resident And Dividend Tax Removes Personal Allowance

As I prepare for the 31 Jan deadline I just want to share information I received from my accountant first to help others but also to check its veracity.

Suppose you have income of 50K from uk rental income and are not UK tax resident - You would of course pay UK tax on that rental income and entitled to personal allowance and basic and higher rate thresholds

However if you also decide to take dividends from your UK based Ltd which has a warchest (bearing in mind that dividends to non uk residents are tax free) then your personal allowance is no longer available to you...

Does anyone know if this is the case? Do dividends from a UK Ltd mean that personal allowance is not available for non residents?
Reply With Quote

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
Toblerone removes mountains adrianlondon Food and drink 47 11.12.2016 08:27
Birth Allowance / Child Allowance fr-ch Family matters/health 6 26.01.2015 12:59
Non-Residents May Lose Tax Allowance (Personal Allowance) [UK] Guest Finance/banking/taxation 4 14.08.2014 10:03
UK Tax question over personal allowance Canariesfan Finance/banking/taxation 7 02.09.2013 20:43
who gives these greens and who removes ( reputation ) aout07 Forum support 55 07.07.2012 16:22

All times are GMT +2. The time now is 07:12.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0