oviedo
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Meghan Markle, Prince Harry win 'Megxit' OK from queen; what's next
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Will they have to pay taxes if they live abroad?
There are complicated tax implications if they live outside the U.K. for an extended period. Under the Canadian tax system, anyone who lives in Canada for 183 days or more a year must pay tax on their global income, regardless of where it is earned or received. The same goes for the U.K., but the relevant period is 90 days.
As an American citizen, Meghan already has to pay taxes in the U.S. on any global earnings regardless of where she lives. But, as the Mail on Sunday warned, Harry might have to limit his time in Canada or face being "double-taxed" on any commercial income he earns, paying in both countries.
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Interesting the income tax consequences for this couple should they follow through on splitting their time abroad
IMO
Snipped
Will they have to pay taxes if they live abroad?
There are complicated tax implications if they live outside the U.K. for an extended period. Under the Canadian tax system, anyone who lives in Canada for 183 days or more a year must pay tax on their global income, regardless of where it is earned or received. The same goes for the U.K., but the relevant period is 90 days.
As an American citizen, Meghan already has to pay taxes in the U.S. on any global earnings regardless of where she lives. But, as the Mail on Sunday warned, Harry might have to limit his time in Canada or face being "double-taxed" on any commercial income he earns, paying in both countries.
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Interesting the income tax consequences for this couple should they follow through on splitting their time abroad
IMO