Hello All,
My first post. I am looking to relocate to Singapore for work (from the UK) and I wondered what are the tax implications regarding my existing Shares ISA?
I have a number of years contributions in it and it is currently a mixture of various stocks (I pick my own shares) and a bit of cash waiting to be invested when the right opportunity comes up. The total in it is about £60k worth of cash and stocks at present.
I am aware that I can continue to hold my shares ISA whilst working abroad, but that I can't make any new contributions to it whilst I'm living outside the UK.
My question is that if I were to move to Singa in summer 2013, from that point on, would I have to declare it in Singapore as worldwide income and then obviously have to pay tax on any gains as long as I live in Singa? If so, what sort of percentage rate are the gains likely to be taxed at?
Many thanks for any replies...
Rob