Sending money from abroad

Hello I have been offered a job abroad (in Iraq) working for a humanitarian organisation. The income locally will not be taxed as they do benefit from tax exemptions. This income could be paid in USD to a Iraqi bank or in USD in the EU (Belgium or The NL potentially). The duration of the assignment will be 9 to 12 months. If I send money back to the UK, will it be taxed? Money will be for general expenses, rent in the UK for my current flat, loans and savings. Regarding savings, can I still contribute to my ISA and LISA? Thank you!

Hi,

This depends on your tax residence status. You would need to determine if you are UK tax resdient and if so, you will need to declare the income -

guidance can be found here RDR3 Statutory Residence Test

You can still contribute to your ISA/LISA in the year of departure but not after that until you return to the UK.

Thank you.

Thank you. The assignment will be 9-10 months starting July, so I’m assuming I’ll be considered non-UK tax resident. Would the money sent back be taxed in this case? Thank you

Hi,

Not for the payments made up to 5 April 2024 as this is still the year of departure.

Thank you.