Most of what they are saying in the above article I am familiar with and does not apply to me but… this bit is worth some thought as there is no get out…
"The big concern is that the next step by the UK and all the other indebted Western governments will be to move to an American-style tax basis, where all citizens are liable to tax on worldwide gains and income, irrespective of their residence status. This could affect millions of expats worldwide and have a huge impact on the economy of countries such as Thailand," said Mr Gambles.
What makes me laugh is HMRC is using the term ‘non resident’ for people that live overseas and have holidays in the UK. Hardly resident by the meaning of the word.
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