Recent content by TomA1966

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    MVL and moving abroad

    I think one of their nuclear options would be a tax on unrealised capital gains on shares on leaving the country I.e. an exit tax….that would screw me, yes.
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    MVL and moving abroad

    Thanks guys, really appreciate all your input and apologise for the delay replying due to work. It’s good to know that being overseas doesn’t make things a lot more complex and if I go down the MVL route I will no doubt be in touch with you for a quote on due course Lisa and Chris, thanks...
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    MVL and moving abroad

    Hi all Most of what I own is excess cash built up in my business over the years. I’m planning to retire to Dubai next year -I’m a party guy and we don’t have longevity in my family so want to make the most of it for the time I’ve got left. I’ll need to do a members voluntary liquidation to...
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    Does being an active or passive NFFE have any real life significance, please?

    Sorry for delay in responding. I had to go ahead and self declare as a passive NFFE but from what I can gather it doesn’t have any effect on UK tax status. To get my money out I’ll close company via mvl and apply for entrepreneurs relief.
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    Does being an active or passive NFFE have any real life significance, please?

    Hi everyone I am planning to invest some of the cash built up in my small company, but to open an account with a broker, I need to self declare if I am an active or passive “NFFE” (non financial foreign entity). This information then gets apparently passed to HMRC who in turn pass it on to the...
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