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Old 25.01.2021, 16:58
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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?
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