'UK emigrants may be liable for tax bills'

7

Aug

2009

 HiFX News@ 12:00 AM

UK emigrants who keep strong ties with Britain may still need to make money transfers to pay tax bills.

Despite their move abroad, expats were recently warned by business advisor PFK Accountants that they are required to make international payments to Her Majesty's Revenue and Customs, ifaonline.co.uk reports.

The advisor highlighted cases where former UK residents have received tax demands as they had not sufficiently severed ties with Britain.

Matt Coward, director of private client tax services, told the publication: "Just staying overseas and counting days spent in the UK is not enough.

"It's essential to be able to demonstrate a decisive break."

Brits are advised to sell their UK homes and forge strong links in their new communities by gaining employment, buying a new home in their chosen country and seeking residence permits.

In related news, financial advisor Shelter Offshore recently urged potential expats wishing to sell their properties in the UK to build up good relationships with estate agents.

Click here to make an International Money Transfer.

By Linsey Summers
ADNFCR-1995-ID-19302013-ADNFCR

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