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Money matters

Repatriation of Capital or Income

No, really... it does!
But does it matter more in Malta than at home?

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Repatriation of Capital or Income

Postby rasputinluv » Tue 29 Oct 2013 14:12 GMT

If I am both an owner of capital and receiver of income in any given year (Both abroad), then how much of each I want to repatriate to Malta is my decision or discretion. Is this statement correct ?
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Postby gozomark » Tue 29 Oct 2013 14:58 GMT

Are your income and capital in separate accounts ? If not, its up to the taxman to decide whether what you bring in is income or capital, and they will assume the worst. If its segregated, then there is no doubt. How much in total you bring in is entirely up to you.
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Postby rasputinluv » Tue 29 Oct 2013 15:15 GMT

My income and capital are in separate accounts. My income account is also my current account.
So money moves like :
From capital account to income account and then from income account to Malta account.
Not sure if this is ideal
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Postby gozomark » Tue 29 Oct 2013 15:25 GMT

no, thats not good, as you are then mixing your capital and income.
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Postby Dave » Tue 29 Oct 2013 16:31 GMT

I've shifted this as it's a money matter, not a residency or immigration issue.
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