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Posted Mon, 16 Dec 2024 06:40:58 GMT by Sid100
Hello I am British and lived in Thailand for 7 tax years. I returned to UK last month and becoming UK tax resident again. I earned interest on my UK bank accounts while I was in Thailand. I also made some profits on crypto and stocks while I was there and all the profits are in UK. I did not transfer any of these interest and gains to Thailand and they are still in my UK bank account. Question: As I was non resident for more than 5 years, do I have to pay any UK tax on these interests and gains ? Thanks Sid
Posted Mon, 23 Dec 2024 14:51:53 GMT by HMRC Admin 10 Response
Hi
If the interest and capital gains arise in the UK, while you are not resident, then you need to check the tax treaty with Thailand (UK/THAILAND DOUBLE TAXATION CONVENTION ).  You may find they are taxable in Thailand.  Please also have a look at the guidance helpsheet HS300 regarding non residents and investment income.  (HS300 Non-residents and investment income (2024)
Posted Tue, 07 Jan 2025 07:19:52 GMT by Sid100
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