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Originally Posted by DianeLouise
Hi Stumbled,
You have left me more confused, you start by saying that an advantage of being a British citizen is that you are not taxed on your worldwide income and end up saying that if you live in the UK you need to declare your worldwide income and it is subect to tax. Also your link refers to UK property only.
Do UK residents need to pay tax on earnings from Dubai? I was told No. I expect the answer will not be straight forward, but please tell us what you know.
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Diane i certainly meant it when i said that being British is an advantage when it comes to retirement abroad.Lets spare a thought for the Americans, French..etcetc who have to pay taxes even when they are non-domiciled.
But, free schools, free NHS treatment, govt. pensions, etc etc comes from taxes,which has to be paid by people who live here(not being sarcastic).
Now ,imagine if people like Dave were taxed sitting in Dubai as a non-resident??well, Mr.Brown is certainly thinking about it, so don't be surprised if it comes,cause cometh the hour cometh the man.
That would bring in about 5 billion more in taxes. We all know how he produces surprises and waves that wand.
So, i'd say to all those sitting happy and absorbing the sunshine, don't get complacent.