Tax

Stormtrooper50

My husband is a UK non-resident,I am a UK resident if he puts me on his offshore bank account will I be liable for income tax.
Advice please,thanks

InsideInsurance

Are you talking about income tax or the tax you need to pay on savings?

For tax on the interest then yes, you would be considered to have earned half the interest and so would need to declare it and pay taxes on it as appropriate

Stormtrooper50

Yes,I am referring to tax on savings also would this affect my council tax ?

InsideInsurance

How could it possibly impact your council tax or are you talking about council tax benefit?

Stormtrooper50

Sorry it is my council tax benefit I am referring to,I am thinking of income tax but as I am retired and not in employment.

xylophone

Sorry it is my council tax benefit I am referring to,I am thinking of income tax but as I am retired and not in employment.

You would also be considered to own half the capital in the account - would this impact on any means tested benefits?

Stormtrooper50

I am not on benefit,as a single occupant in a flat the council has a band which I pay accordingly

zerog

Stormtrooper50 wrote: »

I am not on benefit,as a single occupant in a flat the council has a band which I pay accordingly

If you are talking about the single person discount, that is not a council tax benefit.