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Buying a property in UK whilst earning offshore ?

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Old 29 July 2003, 08:15 PM
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JimmyRB5PRO
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Hi chaps,
my bro is currently working offshore and being paid tax free and wants to buy a property in the uk, does anyone know what the score is with a mortgage and what would happen to the money he would use as a deposit ?
Say £150k property with a deposit of 20%, owuld he have to pay tax on the deposit etc ????
Advice needed !!!
Old 29 July 2003, 09:39 PM
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TopBanana
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My understanding is that he won't have to pay any tax on the money if he's non-resident
Old 29 July 2003, 09:44 PM
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TopBanana
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The rent he received wouldn't be taxed either (i think!)
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