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Tax payable on Unit Trusts for non-residents?

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I'm a UK expat living in the Netherlands and am no longer resident or ordinarily resident for tax purposes in the UK.

I would like to buy some Unit Trusts/OEICs from one of the online discount brokers in the UK (ISAs are no longer allowed for non-residents). My UK savings account now pays interest gross so I'm wondering if the same can occur for funds too? I've always bought my funds inside an ISA wrapper while I was in the UK but now I have no idea how tax is taken on funds outside an ISA.

Any info appreciated,

Stu

Comments

  • Chrismaths
    Chrismaths Posts: 931 Forumite
    You won't be liable to UK tax, but this will only be of benefit if the unit trusts are paying interest distributions, rather than dividend distributions - in other words if they are bond funds. The tax credit on UK divs is not reclaimable any more. You can simply register to receive interest gross, just like on a bank account.
    I'm an Investment Manager. Any comments I make on this board should be not be construed as advice, and are for general information purposes only.
  • Cook_County
    Cook_County Posts: 3,092 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Stu - Don't forget that the unit trusts/OEICs are taxable in the Netherlands even if held in an ISA wrapper...
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