Skip to main content

Post content has been hidden

To unblock this content, please click here

Nefertiti
Beginner November 2002

Anyone know about tax rebates when emigrating?

Nefertiti, 16 August, 2009 at 08:22 Posted on Off Topic Posts 0 3

We are emigrating later this year, it was going to be the end of Oct but we are now thinking the beginning of Dec. I am pretty sure that a friend told me that if you leave before the end of November that your tax rebate would be more (halfway through the tax year?) I have no idea whether this is true or not and whether I should look at dates to tie in with it.

Anyone know?

?

3 replies

Latest activity by bostongirl, 17 August, 2009 at 15:35
  • T
    Beginner October 2008
    tumbleweed ·
    • Report
    • Hide content

    Your tax rebate is based on how much you've already paid over the year compared to the allowances for the year. They take tax working on the assumption that you'll continue to earn what you've already been earning, so if you leave during the year you'll get some back. The actual amounts are not enough for you to change any dates for.

    The revenue will give you a form whereby you state / prove that you won't be back in the country or earning any money in this country. If they're not convinced you're emigrating you'll get the refund at the end of the year.

    Here's the relevant form /guidance/get-your-income-tax-right-if-youre-leaving-the-uk-p85

    • Reply
  • Nefertiti
    Beginner November 2002
    Nefertiti ·
    • Report
    • Hide content

    That's great, thanks tumbleweed, I have a copy of the form already but was waiting for my visa to come back before deciding on a date and filling it in - I was just not sure whether this information from my friend had any relevance.

    ? again

    • Reply
  • P
    Pommie ·
    • Report
    • Hide content

    Tax rebates are generally payable as long as :
    you have paid tax in the year and
    you are leaving before the end of the tax year
    you declare that you plan to be away for at least one whole tax year.

    Every tax payer is entitled to earn around 5000 GBP pa before paying tax (not sure of exact figure). Govt assumes you will work 52 weeks, so this is then allocated evenly across all weeks as an allowance of approx 90quid per week. Of course if you leave in Nov, you still have 16 or so week's worth of personal allowance owing....when you will not be earning, but the tax office have assumed you will.
    Also if you pay higher rate tax, you might fall into lower bracket due to shortened year, so there might be some rebate there.

    Still not huge amounts of money, so don't plan luxury living on the rebates!!!

    • Reply
  • B
    Beginner September 2007
    bostongirl ·
    • Report
    • Hide content

    When you move, make sure you file for dual taxation relief and split year treatment the first year!

    This essentially means that you only get takes on your UK income for the time you are int he UK and your overseas income for the time you are over there. Especially important if you have rental income from the UK.

    • Reply

You voted for . Add a comment 👇

×


Related articles

General groups

Hitched article topics