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earning british pounds abroad living in UK
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InspironDreams
Posts: 29 Forumite
Hello there members,
I'm hoping someone on this forum can shed some light for me.
Long story short:
A) I have a seller in Brazil that wants to sell me aviation airplane parts (light aircraft)
I have a buyer in Northern Cyprus (recognised only by Turkey) that wants to buy the parts from me.
1) I live in the UK and will be going self-employed sole trader soon.
2) I will be personally selecting and buying light airplane parts in Brazil in cash by myself.
2) I will be making my profit in British Pounds Sterling in cash personally in Northern Cyprus once delivered.
I would like to apply for a UK mortgage in the near future and would like to know whether my business nature or location (money made abroad) will have any implications on my application?
Kind Regards,
Ken
I'm hoping someone on this forum can shed some light for me.
Long story short:
A) I have a seller in Brazil that wants to sell me aviation airplane parts (light aircraft)
I have a buyer in Northern Cyprus (recognised only by Turkey) that wants to buy the parts from me.1) I live in the UK and will be going self-employed sole trader soon.
2) I will be personally selecting and buying light airplane parts in Brazil in cash by myself.
2) I will be making my profit in British Pounds Sterling in cash personally in Northern Cyprus once delivered.
I would like to apply for a UK mortgage in the near future and would like to know whether my business nature or location (money made abroad) will have any implications on my application?
Kind Regards,
Ken
0
Comments
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Where will (will you) be paying tax Ken?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
I'll be paying my tax on my profits to the United Kingdom where I reside and is my domicile.0
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Then I don't see the issue?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Carrying around large sums of cash may well raise issues. Not the normal method of conducting trade these days. You may find your activities attracting a lot of interest from banks and customs officials.0
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Thank you all for your help.0
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