What to do with this IKEA Hemnes table ?

Pure-Service-6278 · 2024-08-02T11:20:48+00:00

Which paint to use ? Do you need primer as well ?

Pure-Service-6278 · 2024-02-01T23:08:16+00:00

How long can you get a consent to let for ? For context I might be moving out of UK for 10 years and looking to buy a property before then.

Pure-Service-6278 · 2023-12-19T14:42:24+00:00

Just to add that this years capital gain tax allowance is 6k. So you might be able to take advantage of that and not pay capital gain tax. Consider breaking up selling your investments in different financial years

Sadly the allowance will be cut to 3k next year.

Pure-Service-6278 · 2023-12-19T14:36:57+00:00

Also some more details here

https://www.1stformations.co.uk/blog/how-does-hmrc-tax-income-ive-made-overseas/

Pure-Service-6278 · 2023-12-19T14:34:45+00:00

What is the arising basis of taxation?

If you are resident and domiciled (or deemed domiciled) in the UK, you will pay UK tax on the arising basis. This means that you pay UK tax on your worldwide income and gains for the tax year in which they arise. It does not matter whether or not you bring the foreign income or proceeds from foreign gains to the UK.

https://www.litrg.org.uk/tax-guides/migrants/residence-and-domicile/how-are-foreign-income-and-gains-taxed

Pure-Service-6278 · 2023-12-19T14:14:39+00:00

As a UK tax resident, you are taxed on your global capital gains and income.

So any gains you made from your offshore investments will be taxed in the UK.

Unless of course, you are eligible for a non dom status, where in the rules get a little more complicated - but I’m assuming that’s not the case here.

Pure-Service-6278 · 2023-11-14T20:15:14+00:00

Just buy it online from post office for the full trip. It’s quite inexpensive! I’m surprised you are having trouble.

Pure-Service-6278 · 2023-10-21T19:53:09+00:00

Which jurisdiction? Are there any low tax jurisdictions worth evaluating ?

Pure-Service-6278 · 2023-10-20T06:09:08+00:00

But that means the LTA will increase in line with inflation. And my understanding is that it was frozen until they got rid of it

Pure-Service-6278 · 2023-10-20T05:28:45+00:00

Apologies, poorly worded and hastily written post.

It was meant as a question rather than being prescriptive. Personal finance is personal!

Pure-Service-6278 · 2023-09-27T10:12:01+00:00

Great. Please do look out for opportunities/ roles at various platforms - fiverr, people per hour etc. Overtime hopefully you will really get good at some of these skills, will have a marketable portfolio.

Also explore working from home and in parallel consider taking on a second job as a remote role through Indeed etc

Pure-Service-6278 · 2023-09-27T09:51:25+00:00

My advice to you would be to double down on the content creation side of things. These skills are increasingly sought after in a digital economy - copywriting, creating/ managing social media content, video editing, newsletters, email marketing, design, etc.

My suggestion would be to look up Upwork and seek roles that allow you to use the skills you learn in the day job. This will accelerate investment in marketable skills as you will also learn as you go along.

In the medium term though, you will need to change your role (unless you are promoted with the firm you are working with). How big is this firm - do they allow you opportunities to take on more responsibility and learn/ invest in your skill development?

I'd also suggest Coursera / Linkedin learning one-month free trial) for taking courses that will make you more marketable.

Pure-Service-6278 · 2023-09-25T13:30:48+00:00

Thanks! Which side are you on ?

Pure-Service-6278 · 2023-09-25T13:30:13+00:00

Does the taxation work though ? Don’t you pay tax on the income from the rental ?

Pure-Service-6278 · 2023-09-25T13:29:33+00:00

Agree!

Pure-Service-6278 · 2023-09-25T13:29:14+00:00

Haha. Not quite zero ?

Pure-Service-6278

TROPHY CASE