Tax Query – how to save money taxes for money earned in the UK

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This topic contains 1 reply, has 2 voices, and was last updated by  Edith 2 years, 11 months ago.

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09/10/2014 at 09:51 #7378

tokwawan61

My family and I live here in Hong Kong. I am a UK citizen but resident here in Hong Kong as a teacher.

We are starting some new business ventures in the UK and are thinking how best to handle the tax issues. The ventures are involved in property sales between Hong Kong and the UK.

For example if we receive income in the UK is it better just to deposit via our Hong Kong bank account but lose out on exchange rates, or deposit in the UK and then need to pay the 20% tax rate etc. Really not sure.

09/10/2014 at 09:58 #7496

Edith

Thank you for your enquiry. We’d suggest you obtain advice from a professional tax consultant who will take into account the specific circumstances of your case.

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