Re: Re: British expats must declare overseas assets



I was giving thought to this because whilst being Non Resident -I never rule it out if there is a level playing field in my particular financial circumstances. It occurs to me that the 50000 euro limit would be not ungenerous for a person who becomes resident and has not a concurrent UK property. In fact the HMRC do they give such an exemption to Spanish people who are fiscally resident in UK. -I don’t think so. For example that limit covers a lot of ISA that can be left for 5years -and other cash savings it could include a holiday home – and other assets . I see some potential conflict that you are supposed to declare worldwide income in a tax year -yet if the assets are under the limit and you are not taking any income out of UK -you should not have anything to worry about ?