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Why would you need to bring it onshore?
You can buy just about anything with offshore money and claim it's an offshore asset either owned by you with non-dom status or owned via an offshore company you own majority share in and then it just stays offshore. Offshore goes beyond physical locations such as Crickhowell.
Clockwise-
Why would you need to bring it onshore?
This.
^^ Not this.
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So when you buy a new TV for your place in Batersea from John Lewis using your Jersey credit card you just tell HMRC it's for your company and its aok because conceptually you haven't remitted any money?
I am clearly missing something. I understand that you have scope with certain assets, but I thought that if you are UK dom you pay UK tax to start with, so there's no tax on remittance. If you're nondom, you ultimately have to pay tax when you spend that money in the UK.
NotThamesWater
hugo7
What you mean spend money in the UK (or another onshore jurisdiction).
It's all well and good amassing wealth offshore to reduce the impact of tax on your wealth generation and give you options. But if you live in the UK and you plan to spend that money, at some point then you need to bring that money onshore.