You are reading a single comment by @Clockwise and its replies. Click here to read the full conversation.
  • 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.

  • No that would be silly.

    But you could setup a rental agreement between you and the offshore company you own that owns the television to send any money you happened to have onshore offshore to pay for the rental.

About

Avatar for Clockwise @Clockwise started