oldgit72 Posted March 1, 2009 Share Posted March 1, 2009 Does anyone know if there are any tax advantages to declaring leaving the UK and becoming French resident before the end of the UK financial year (ie 5 April as opposed to 6 April)? Thanks Link to comment Share on other sites More sharing options...
Théière Posted March 1, 2009 Share Posted March 1, 2009 I am a little out of date with some of my knowledge, ErnieY had to put me right recently.I think I am right in saying for tax purposses you have to be out of the country for the entire tax year nowdays, so leaving before the start of a new tax year would be advisable.Probably best to check on the .gov.uk website for the inland revenue information. Link to comment Share on other sites More sharing options...
parsnips Posted March 2, 2009 Share Posted March 2, 2009 [quote user="teapot"]I am a little out of date with some of my knowledge, ErnieY had to put me right recently.I think I am right in saying for tax purposses you have to be out of the country for the entire tax year nowdays, so leaving before the start of a new tax year would be advisable.Probably best to check on the .gov.uk website for the inland revenue information. [/quote]Hi, The "best" time for declaring the move (on Form P85), is around August, that way you have full UK allowances to cover income from April to August (which should provide a refund), and in France you have the equivalent of a full years allowances to cover income from August to December, probably ensuring that no tax is due. Link to comment Share on other sites More sharing options...
Albert the InfoGipsy Posted March 2, 2009 Share Posted March 2, 2009 Assuming that you are under retirement age and employed in the UK up until you move then some time between June & September is likely to give you the longest cover on an E106 as well. You need to have paid NI on at least £5,000-odd (can't remember the exact figure) to get cover for an extra year. Link to comment Share on other sites More sharing options...
lacote0_0 Posted March 6, 2009 Share Posted March 6, 2009 I am told that if you want to take cash from a UK pension, less complications arise if you do so during a tax year when you are resident in the UK throughout the year. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.