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Property or shares?

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Comments

  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    What's the situation with tax on share income if you live outside uk?


    We have a specific issue with shares which is we cannot choose or buy our own named shares (contractual restrictions with dh's job that restricts us both). Its a shame as I'd quite like to do that a bit.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    What's the situation with tax on share income if you live outside uk?


    We have a specific issue with shares which is we cannot choose or buy our own named shares (contractual restrictions with dh's job that restricts us both). Its a shame as I'd quite like to do that a bit.

    The UK doesn't have withholding tax so AIUI you should be able to take the income tax free from the country and then income tax would be payable in your country of tax residence.

    I'm not a tax accountant though.
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