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Posted

Fellow forum members, I am a UK citizen, though I have lived in the EU for decades ( I also have a condo in Thailand). I am looking for a way to own something in the UK that will allow me to have an address there for bureaucratic/tax/banking purposes as well as a potential income stream (rent). I do not intend to live there. Since property prices mean it is beyond my budget to own a house there, I am curious to find out other options, ie. shared purchase, fractional ownership, etc. 

TYIA

Posted
2 hours ago, Virtualrecluse said:

I am looking for a way to own something in the UK that will allow me to have an address there for bureaucratic/tax/banking purposes

In theory if you are non-resident (under HMRC rules) then opening almost any bank account in the UK is against their regulations...........NB I said in theory.

If you receive income in the UK you still pay taxes on it to the UK whether resident or non-resident. 

Posted
1 hour ago, topt said:

In theory if you are non-resident (under HMRC rules) then opening almost any bank account in the UK is against their regulations...........NB I said in theory.

If you receive income in the UK you still pay taxes on it to the UK whether resident or non-resident. 

I have a bank account already since decades ago - though I know I am lucky it has not been closed due to Brexit. I already pay UK income tax as well as Spanish income tax.

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