Sorry I never said I wouldn’t pay tax on UK rental. From the post above I read that as I should be paying tax on UAE income?
Obviously you pay tax on UK rental. It’s minimal with accounts in order. UAE income should not be taxed with the right set up. The laws change all the time so you do have to be on top of things. |
Ahh... UK. Thanks for clarifying. Thought I'd wandered into a thread about the Emirates application
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Originally Posted by AIMINGHIGH123
(Post 11283583)
To add yes my Mrs would be working in UAE.
As well in a sense, referencing another post up here, the family move in your specific case might: + reconnect you with old friends + join a partially native language environment + open possibilities of social security not available at present location Right or wrong? I am trying to keep this post neat and peaceful to the max because that is what I have, appreciate your patience if it reaches you distorted by translation on my side. |
With regard to the discussion here about UK Tax, one thing I learned very early on in my 33 years in the Gulf was to never, ever, take Tax or Investment advice from fellow pilots. With the exception of one knowledgeable colleague who had worked in finance prior to becoming a pilot, the advice was either plain wrong, partly wrong, or simply misinformed or misleading. Talk to a professional. For UK expats only - have a read of the official HMRC Statutory Residence Tests document -
https://www.gov.uk/government/public...dence-test-srt flyThe BIgFatLady said in a post above - "guess if you are registered in the uk renting out your making a taxable income, and for my knowledge if you are a tax payer in Europe you must register all of the incomes you have. Therefore legally you are required also to mention your Dxb income on the uk tax forms.doing not so is technically in most European countries tax fraud and comes with fine. therefore your whole calculation would become obsolete." This is in general not correct, at least for UK Expats, don't know about our European colleagues. As long as you maintain your 'Non Resident' status with HMRC, you only need to declare your income which arises from UK sources. (I have that in writing from HMRC). Which is why it is important to read the Statutory Residence Tests and ensure you maintain that status, and speak with a professional. 7B |
Originally Posted by 777boyo
(Post 11284713)
With regard to the discussion here about UK Tax, one thing I learned very early on in my 33 years in the Gulf was to never, ever, take Tax or Investment advice from fellow pilots. With the exception of one knowledgeable colleague who had worked in finance prior to becoming a pilot, the advice was either plain wrong, partly wrong, or simply misinformed or misleading. Talk to a professional. For UK expats only - have a read of the official HMRC Statutory Residence Tests document -
https://www.gov.uk/government/public...dence-test-srt flyThe BIgFatLady said in a post above - "guess if you are registered in the uk renting out your making a taxable income, and for my knowledge if you are a tax payer in Europe you must register all of the incomes you have. Therefore legally you are required also to mention your Dxb income on the uk tax forms.doing not so is technically in most European countries tax fraud and comes with fine. therefore your whole calculation would become obsolete." This is in general not correct, at least for UK Expats, don't know about our European colleagues. As long as you maintain your 'Non Resident' status with HMRC, you only need to declare your income which arises from UK sources. (I have that in writing from HMRC). Which is why it is important to read the Statutory Residence Tests and ensure you maintain that status, and speak with a professional. 7B i wrote „guess“ in the hope to get also a specific answer like yours. And clearly it is depending on the residency status. as you said if you are not a resident than the income only made in the specific country counts for tax. |
Originally Posted by FlightDetent
(Post 11284703)
As well in a sense, referencing another post up here, the family move in your specific case would: + open possibilities of social security not available at present location If you lose your job in the UAE, you are on the streets and deported, if you cant pay the hospital bill you are wheeled out into the street. There is always some guys who fall for the glossy brochures and large signs saying 'Hello tomorrow' or 'we take your career very seriously' 'fly better' and are impressed by the folk who come across to the hotel conference room to tell them all about it and look and sound just like them! The truth is you are investing your future in a different country, a country in the ME not Europe and most importantly giving up what you have which inevitably comes with consequences. Your mortgage interest on UK properties is even higher as an expat, never mind the lack of job security! I can understand the move for the Hong Kong refugees and those without work. I will never understand those giving up UK jobs to move to a place where you have zero rights, a meaningless contract and are a second class citizen. Maybe I am wrong, and the more that leave the UK the better for many wanting to get home I guess. |
Originally Posted by McToryMug
(Post 11284765)
So he is leaving the UK to go to the UAE for social security . I think I am done
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I'd say:
-English -Middle Class -Middle aged -Middle name Ralph -Moving to the Middle East -Public School -Cyclist -Dailymail reader |
Originally Posted by FlightDetent
(Post 11284779)
I believe UAE has top notch social security, just not for the immigrant workers
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Originally Posted by Fired600
(Post 11284911)
And the people looking at joining are…….immigrant workers. Something happens over there and you are on the street with a fast pass back to your home country. They decide when you are done, they throw you out like yesterdays trash, along with your wife family and kids. Good luck if you have debts, mortgages car loans etc, the things that we accumulate over the years. PS don’t get sick, thats your name to the top of the next pandemic/ recession hit list.
Yet there’s always people saying “ah it’s the same everywhere” it isn’t. We have Hong Kong pilots coming to Ek in the belief that it’s in some way better . It was better in the pandemic because EK worked out they needed to keeps restrictions low and flights flying to try and boost tourism, be interesting for those who arrive in EK just in time for this recession especially with most the bad apples (or high sickness) already gone .might actually be done on seniority this time ! |
Originally Posted by nimrodjoe
(Post 11284968)
Yer chuck you out like sh!t off their shoe . We all know how they treated people .
Yet there’s always people saying “ah it’s the same everywhere” it isn’t. We have Hong Kong pilots coming to Ek in the belief that it’s in some way better . It was better in the pandemic because EK worked out they needed to keeps restrictions low and flights flying to try and boost tourism, be interesting for those who arrive in EK just in time for this recession especially with most the bad apples (or high sickness) already gone .might actually be done on seniority this time ! Nobody is coming from CX under an illusion that EK is a better airline at all. It’s just maintaining that level of housing/education which made it possible to live in Hong Kong. Right now at CX you’re spending up to 70% of your income on housing and education of three kids at an international school. add on to that the education in Hong Kong has now been completely taken over by the Chinese government. |
Originally Posted by ToCatLady
(Post 11285072)
The ones coming from HKG are trying to get their housing and education allowances back which were stripped away in 2020 and expire this summer. It’s really that simple.
Nobody is coming from CX under an illusion that EK is a better airline at all. It’s just maintaining that level of housing/education which made it possible to live in Hong Kong. Right now at CX you’re spending up to 70% of your income on housing and education of three kids at an international school. add on to that the education in Hong Kong has now been completely taken over by the Chinese government. |
Originally Posted by nimrodjoe
(Post 11285107)
boasting about housing allowance is only gonna piss guys off in ek who have been forced into the meydan camp site .
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Originally Posted by ToCatLady
(Post 11285124)
sorry not necessarily the allowance itself but the housing benefit overall. Wouldn’t exactly call it boasting. Surely you’re not THAT fragile?
Hope you enjoy EK anyway. |
Originally Posted by ToCatLady
(Post 11285124)
sorry not necessarily the allowance itself but the housing benefit overall. Wouldn’t exactly call it boasting. Surely you’re not THAT fragile?
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Originally Posted by Fired600
(Post 11284911)
And the people looking at joining are…….immigrant workers. Something happens over there and you are on the street with a fast pass back to your home country. They decide when you are done, they throw you out like yesterdays trash, along with your wife family and kids. Good luck if you have debts, mortgages car loans etc, the things that we accumulate over the years. PS don’t get sick, thats your name to the top of the next pandemic/ recession hit list.
For those electing to join now, avoid debt at all costs. Lease or rent a car to start off with and buy in cash if you decide to buy. Property is sold for first-world prices but is constructed to developing world standards. It's a bit like buying a fake watch in BKK but being charged the price you would pay if you bought the genuine article in GVA. I never even gave buying property a second thought. |
Originally Posted by Emma Royds
(Post 11285294)
you don't have a contract agency to try and fight your corner should you have any greivences!
The agencies might help with important life issues but sorting out problems against the company decision isn't the game they play. Be economic necessity they are deeply embedded with the employers and possibly sharing the loot with people who 'allowed' them to bring the pilots in. Similar to the UAE business ownership requirement for expat-driven firms. The only contractual and legal fight an agency will take, some of them vigorously, happens when the pilot tries to change to a different one. |
Originally Posted by Emma Royds
(Post 11285294)
For those electing to join now, avoid debt at all costs. Lease or rent a car to start off with and buy in cash if you decide to buy. Property is sold for first-world prices but is constructed to developing world standards. It's a bit like buying a fake watch in BKK but being charged the price you would pay if you bought the genuine article in GVA. I never even gave buying property a second thought.
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More DECs coming…
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Originally Posted by nimrodjoe
(Post 11285948)
More DECs coming…
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