I have family in both Australia and Brazil. I was considering moving to one of them. If i did, what happens to my ISA with Trading 212? Is it transferable to a new ISA or even, am i able to use trading 212 the same as i woulf have in the UK. Would anything change?

Here you have the answer: [image] Trading whilst traveling 🤝 Help Check this link out - very helpful: https://www.gov.uk/individual-savings-accounts/if-you-move-abroad

Thanks but im wondering if im able to continue using trading 212 (isa or otherwise) if i moved to for example Brazil or the USA?

@Dallaz If you move to the US, and you start paying taxes there - you cannot use our service at all, due to the regulations of the Dodd-Frank act and the FATCA agreement. In regards to the rest of the world - you can use our service as long as there aren’t any local restrictions. The above …

Hm, what if I wanted to sell shares or liquidate the ISA while abroad? I suppose I’d have to talk to the local tax office then? I’m sure they want in on the action, despite U.K. tax-freeness.

The ISA would be UK domicile so your local tax office will have no say in the matter and cannot claim any taxes on those funds.

[image] Dao: e ISA would be UK domicile so your local tax office will have no say in the matter and cannot claim any taxes on those funds. I am surprised about this… I would have thought that the “new” tax office would try to charge you taxes on it.

The US will definately assess dividends in an ISA for tax if the owner is a US taxpayer. There is no sense in which UK domicile of the ISA protects against US taxation. A US citizen living in UK can open an ISA which will then be UK tax free but not US tax free. Some UK platforms will accept US pers…

[image] Richard.W: omicile of the ISA protects against US taxation. A US citizen living in UK can open an ISA which will then be UK tax free but not US tax free. Some UK platforms will accept US persons as customers provided they are not US resident. Others do not accept any US persons as custom…

Yes. Apart from the US and Eritrea (which have citizenship-based taxation), countries generally operate residence-based taxation of a resident’s worldwide income. Income in an ISA is only UK tax exempt for UK residents. However, one would need to look carefully at the particular country’s specific r…

I was on the phone with HMRC and my old German tax office, and if I understand correctly, this tax stuff is always codified in a “double-taxation treaty” between two countries. So you need to check with the tax office or an expat tax advisor BEFORE you leave your country to live somewhere else, and …

What happens if i moved out of Europe? Brazil or Australia

🤝 Help

Tony.V May 18, 2020, 6:40am 2

Here you have the answer:

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What happens if i moved out of Europe? Brazil or Australia

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