Tax situation for liveaboards

I know you meant it kindly but I can assure you I have no intention of evading tax and only asked in the first place to see what others do. I actually find this site very useful in avoiding duplication of effort and was interested to see if there was a universally accepted simple answer. Seemingly there isn't. I will therefore indeed seek professional advice and would certainly have done so anyway before taking any drastic action. As far as being out of the country for more than 5 years is concerned I do indeed intend to move overseas permanently as I have spent at least half my working life abroad (and taken advantage of ex-pat tax breaks when available). The rules are now tighter than they were then but it is still advantageous in certain circumstances I am sure. As a previous post suggested, being entirely mobile and having retired why would I want to return to the UK for more than 90 days per annum anyway? The weather is dreadful, it's expensive, crowded, standards of behaviour have deteriorated almost to the point of anarchy and there is little hope of improvement. Let me out!!!!

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Completely agree with you. Sorry if my post caused any offense. It's a touchy subject and very tricky. You always have to keep an eye on the rules as they are constantly changing and the revenue chaps (in every country) are always looking to stop you avoiding paying what they see a their money. AND it much worse in the USA.

Go for it - enjoy the sailing and relax.

<hr width=100% size=1>Temptress of Down
Southsea Marina
Hants

http://hometown.aol.com/temptressofdown
 
Cliff - Boatmike hi,
let me re-state I am not an accountant - but have been non resident for ages... It works like this (as I understand it) You will pay normal UK tax on all monies got in the UK - Pension - rental income - salary ..... You will not pay UK tax on any money you earn outside UK - eg interest on investments in Caymen Islands, channel Islands, Gibraltar or any other country in the world. YOu only pay UK income tax on UK income.... Fine - YOu can bring that overseas money into the UK by bank transfer or whatever free. The even better news is that all the interest you get from savings accounts and bank accounts is paid Gross - no tax deducted!

If you live in a boat - on the move and I did that for years - the UK tax people will accept that you are not a resident of any other country in the world - you live in a sail boat voyageing and you still get all the above mentioned tax breaks.

If you settle in one country for many years - european or otherwise that country will have its own rules - Travelling around the world I never had any problems but then I never tried to work or clocked into any system - Now I live and am a French resident. I am in the French system. The good news is that you cannot be taxed twice on the same money in any european country so the monies you earn - pension - rental income what ever in the UK are untouchable by the French system!

They will however ask you what you earn outsided france and if you start working properly in france they will include your overseas earning in their calculations - you will not pay tax on those earnings (you have paid that in the UK but you will start paying the french tax at the rate as if you had earned that money???) follow??

The medical system here is fantastic! I can choose any GP, specialist, or whatever I want. I get a rendezvous with my GP at a few hours notice and he allocates a minimum of 20 minutes to me. More if I need it. I pay him in cash €20 and claim 75% back from the state. (it goes directlyinto my bank account) The medicines work the same more or less - I pay cash and the system reinburses me 65-70% back. You can take out insurance to cover the differance but I have chosen not to.

If you go into hospital for an operation or similar - like in the UK you get it all covered by the system - room, drugs operating fees, surgeons fees all - . I have a top up insurance for a private room - TV papers etc that costs about £100 PA - and I can choose my hospital or private clinic - the private clinic may have slightly higher charges than the hospital so you would have to find the difference.

recently I took my wife to the dr and he got on the phone and she was admitted to the hospital for observation two hours later!!! brilliant! stayed over a week just being observed - absolutly non life threatening problem...

The same basic problem my wife has mean she has an illness of long duration - all her dr fees, medicines, specialist fees, blood tests - everything is paid for 100% by the system.... This would also apply if one did not have funds for your share.

Bad news? Ok you have to pay a % of your (in our case declared) income into the system - bit like national insurance contributions except these contributions go on till you die not retirement.... the health contribution for my wife and I is about £1200 a year.

If I can help more please ask but do remember I am not an expert merely reporting things as they appear to work for me. Let me say that the health system here in France is wonderful. A superb and very user friendly system.

<hr width=100% size=1>If you have time please visit my web site -
<A target="_blank" HREF=http://www.michaelbriant.com/sailing>http://www.michaelbriant.com/sailing</A>
 
No offence taken! Probably a bit touchy at the moment as I just got back from Asda where a load of seriously overweight young mothers were training their young children in terrorism. One 5ft 4in 14 stone example in an FCUK tee shirt shouted at her 8 year old darling boy in a loud piercing Pompey accent: "Come 'ere you little b*****d. I won't f****ng tell you again!!" Obviously by the description of her offspring a "single parent" with typical modern values..... Can't wait to leave......
Hope you are fareing better!

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Well.. Newgate Lane (between Fareham and Lee-on-Solent) actually but yes..... I keep wondering if I am really turning into Victor Meldrew..... Since I retired I appear to be getting worse.....


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In that case stay away from Asda. I only get out alive by pretending to be a defenceless old fart. They eat young matelot for breakfast in there......

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