Temporary non residence

Hello I am British and lived in Thailand for 7 tax years. I returned to UK last month and becoming UK tax resident again. I earned interest on my UK bank accounts while I was in Thailand. I also made some profits on crypto and stocks while I was there and all the profits are in UK. I did not transfer any of these interest and gains to Thailand and they are still in my UK bank account. Question: As I was non resident for more than 5 years, do I have to pay any UK tax on these interests and gains ? Thanks Sid

Hi
If the interest and capital gains arise in the UK, while you are not resident, then you need to check the tax treaty with Thailand (UK/THAILAND DOUBLE TAXATION CONVENTION ).  You may find they are taxable in Thailand.  Please also have a look at the guidance helpsheet HS300 regarding non residents and investment income.  (HS300 Non-residents and investment income (2024)

Hello, thanks for reply I consulted lawyers in Thailand and they said I should ONLY pay tax on UK bank interests and UK capital gain tax during the 7 years that I was in Thailand, IF I transferred these interests and capital gains to Thailand. However as I did not transfer them to Thailand, therefore I DO NOT have to pay tax on them in Thailand. My question is: Do I have to pay tax on them in UK? As I understand it, I don't have to pay any tax on them in UK as I was UK non-resident for more than 5 years. Could you please confirm this understanding or advise otherwise? Thanks Sid

Hi,
Please refer to:
Tax on your UK income if you live abroad
Thankyou.