Christian07

Hi! I am a non domiciled uk tax resident claiming the remittance basis . I am the owner of a Jersey Company where some money is managed for me. It is a limited company ( previously an "exempt company") that have regulated directors etc,... Rules for non dom people will change a lot after April 2025. I plan to exit this company, have its money sent to a personal account of mine offshore ( I do not plan to remit it) and then close the company. Everything before April 2025. I am doing it to simplify my life as I do not want to hire lawyers, accountants etc,...to compute things, evaluate this or that with the new rules: it is too complicated for the kind of money involved. I will still be a UK resident after April 2025, I will claim the remittance basis for 2024/2025 (last chance to do it) and this is it. For 2025/2026 , I understand that I will be taxed on araising basis. Fine. My understanding has always been that money paid to me by this company were dividends and that there were no taxes on them in my situation ( non dom and no remittance of this money). Now, because I am asking that all the money to be sent to me and that I will close the company, can this move be seen as a disposal of asset? And that capital gains is more appropriate that dividends to define the situation? In my case, it does not change things, does it? I mean, a uk non dom will not pay any taxes on this disposal, will he? Thanks for your help.