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04 March 2024
Viva México
My client a Mexican citizen currently lives in the UK. He is employed full time and has a work visa.
On top of his day job he decided to trade in the UK stock market and he started seeing some healthy revenues. He has now decided to quit his job and return to Mexico permanently. He wishes to retain his UK bank account however to receive the UK pension he has accumulated over the years.
He also wishes to continue trading on the UK stock market from Mexico and would prefer to do this using his UK bank account.
I am unclear as to how the profits from his UK trading should be taxed while he is a Mexican citizen residing in that country.
Could Taxation readers shed some light on this query?
Query 20 284 – Chipotle.
DTA is likely to...
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