TechnoD
New member
Hello, Im in the research phase for the idea of living on a catamaran and sailing the world for the next few years and I have a question about tax residency.
Currently I am a UK citizen and resident but I also have residency in the UAE, Ideally Id like to be a non resident of the UK and run my self employment through the UAE as they have no income tax, on paper this is 100% legal as long as i no longer live in the UK or have any ties, but if my boat is registered and flying a UK flag does this change things?
For example, say I have been outside the UK for more than 180 days and i'm currently in the Caribbean with no intention to return to the UK, am i deemed a none UK resident?
Does a UK registered boat effect tax residency, would I be better flying under the UAE or another nation?
Thanks
Currently I am a UK citizen and resident but I also have residency in the UAE, Ideally Id like to be a non resident of the UK and run my self employment through the UAE as they have no income tax, on paper this is 100% legal as long as i no longer live in the UK or have any ties, but if my boat is registered and flying a UK flag does this change things?
For example, say I have been outside the UK for more than 180 days and i'm currently in the Caribbean with no intention to return to the UK, am i deemed a none UK resident?
Does a UK registered boat effect tax residency, would I be better flying under the UAE or another nation?
Thanks