Moving to the UK is likely to mean that you have to deal with HM Revenue & Customs, which is the authority that administers the tax system in the UK.
This is particularly so if you have income from an overseas country which is taxable in the UK, such as income from a let property located outside the UK.
In such a situation you will have to enrol in the UK’s Self Assessment system, and lodge a UK tax return each year.
Questions of your tax residency status in the UK may also arise.
The UK has strict deadlines for the submission of tax returns – the late submission of a tax return is likely to trigger late filing penalties.
If you have moved to the UK from Australia you may have continuing sources of income that are taxable in both countries, such as rental income from a let property in Australia.
bdh Tax provides the following services to individuals who are moving to the UK from Australia, or elsewhere in the world:
- Tax planning advice, with regard had to your tax residency status
- Preparation of UK and (if required) Australian Tax returns, including advice on tax deductions to reduce your tax liability. All tax returns are submitted to the tax authorities electronically
- Assistance to ensure income is properly taxed and not taxed twice. This includes a consideration of the provisions of any applicable Tax Treaties
- Capital gains tax planning: the timing of disposals of assets can be key to the mitigation of the tax payable
bdh Tax provides a fixed fee quote whenever possible to all who are interested in engaging our services.
We can assist with the preparation of tax returns in the UK and in Australia.
If you are moving to the UK – or are already living in the UK – and would like a no obligation fixed fee proposal from a firm of tax advisors that understands the issues affecting people who are moving to the UK please contact us by completing the enquiry form on this webpage, or telephone the bdh Tax office that is closest to you.
We look forward to hearing from you.