oh hey! Look up cazenove capital too, if you're looking for management. Lower AUM fee than UBS, different customer approach. So far we like CS and Cazenove, but have another meeting with CS tomorrow. Still waiting on DBS.
That's a shame, but not surprised.
However I've recently...
Yes changing tax residency is def something to look in to. But I’m afraid it’s too late atm, uk tax residency is quite sticky so it’ll be around for a while.
Tha
Thanks! When I say non-Dom’s, Sorry I’m referring to the uk tax resident non-domiclied reporting structures and optimisations. The European banks appear to have a lot of systems set up to deal with it.
DBS guy said they can handle but we didn’t get into specifics. Have emailed and asked...
Thanks very much! Quite a relief to get some impartial perspective - so hard to find real reviews on these things.
you’re not UK non-dom though from what I gather (Dubai based). I wonder if DBS is set up well to handle the segregation matters required by non-Dom’s. Just got off the phone with...
Anyone have experience to share RE: uk-non-dom with Singapore DBS wealth management/ private bank? Been speaking with them, UBS and Credit Suisse. Upwards of 7 to low 8 figures USD. Credit Suisse was very proactive in the non-dom discussion. Been looking at wealth management options to start...
Oh, the temp rule - I just realised that if I made I mistake transferring money into UK (say to a UK account held by IBUK), I can transfer it back out with in that time and it won't count as remittance. I think it applies to cash as a normal asset.
But I'm quite convinced now that sending USD...
USA I'm quite sure.
No, the money (USD account in USA) is sent by ACH account link to IB LLC (USA entity). Are you familiar with ACH? Automated clearing house - Wikipedia
Also reference: Tax: UK Persons and Entities: UK Residents IB Accounts | IB Knowledge Base
Thanks! Yeah it does seem...
Hi Martin, I have been reading the non Dom UK guide books, and came across this explicit exception for UK brokers dealing with non-uk funds and investments:
https://www.gov.uk/hmrc-internal-manuals/residence-domicile-and-remittance-basis/rdrm34040
Would this not mean that using IB...
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