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House Price Crash forum > Investment > Overseas property investment
Ian Worthington
Can anyone point me to some information on the taxation of foreign-earned income, especially the reduction of? Specifically is there any diference if I don't repatriate that income?

thanks!

ian
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Radio
If you are classed as UK resident for tax purposes then all your income, regardless of where earned and whether or not you repatriate, it should be declared on your tax return.
Ian Worthington
QUOTE(Radio @ Jun 24 2006, 08:49 AM) [snapback]405256[/snapback]

If you are classed as UK resident for tax purposes then all your income, regardless of where earned and whether or not you repatriate, it should be declared on your tax return.


Thanks Radio.

ian
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amagasaki
From the Inland Revenue:
http://www.hmrc.gov.uk/pdfs/ir20.htm


Especially section "Earned income arising outside the UK", but you may want to read other parts of the document.

It is a bit long, but it is the IR, so it should be correct.

If you are resident, ordinary resident, and domiciled in the UK you should declare all your income. In those circumstances, it would not make a difference where the income was earned or whether or not you brought it back to UK. However, it would make a difference in other circumstances.
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