We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Moving abroad - income in the UK from a business - taxation UK or Foreign?

Hi all - I am moving abroad (tomorrow) and starting a job in Switzerland on Monday. Little fun fact: I have not met a single person from the company, all interviews were on the phone and video chat. The company I will be working for is quarantining me when I land so I will be WFH at a new job where I never met anyone in person. The new normal of working life! I think it's pretty cool how company are adapting, especially as I really needed this job (went on self employment this year thus got no support from the government when it all went to hell with Covid).
My wife has a small business in the UK (property management) it earns about £12k a year and she also has some property income. When she moves to Switzerland with me in July I'd be interested to hear how that income will be treated. Will the Swiss authorities tax it, or will the UK authorities tax it? I understand that the property income is very straight forward and gets taxed in the UK and then declared back to Switzerland but with a dual taxation treaty there is nothing that needs to be paid in Switzerland. I've always done my wife's taxes and my own taxes so would like to keep doing so - but this might prove trickier than I thought so wanted to gauge the difficulty before deciding to engage the services of someone more competent than me.
I have started to do some research on the subject and have started looking at it, but there is a lot of conflicting advice out there. 

Comments

  • martindow
    martindow Posts: 10,634 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Although Switzerland is not in the EU it has a lot of agreements with the EU possibly including reciprocal taxation agreements.  Who knows what will happen from next year but the current situation could change.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.