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When can you use Offshore trusts and companies to avoid UK tax |
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Written by Administrator
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This is a popular topic. Many people are looking to use offshore companies or trusts to minimise both UK and overseas taxes. This could be for any number of reasons (eg because they are carrying out a trade overseas, or because they own overseas assets that generate an overseas income) and they could be looking at avoiding UK income tax, capital gains tax or Inheritance tax. If you're planning on using an offshore company or trust you need to tread carefully, as it's a bit of a minefield! There are a number of Revenue anti avoidance rules that can apply and you need to carefully consider whether you can manage to avoid being caught by these. This article tells you what you need to know to enable you to decide when you can and can't use an offshore trust or company. |
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CHECKLIST - Emigration to avoid Capital Gains Tax |
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Written by Administrator
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Anyone that's planning on leaving the UK to sell their assets and avoid capital gains tax should have a look at this checklist. It looks at some of the key issues for you to consider in terms of achieiving non residency and the capital gains tax exemption. |
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Offshore Hybrid Companies and how they're taxed in the UK |
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Written by Administrator
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There are lots of overseas entities that you may have seen advertised on the internet:LLC's, IBC's, Foundations, Protected Cell Companies, Bearer Share Companies, Trusts etc. One of the latest to be added to the list is the offshore hybrid company. This is essentially a cross between a 'normal' company limited by shares and a company limited by guarantee. This article looks at exactly what an offshore hybrid company is and how these hybrid companies are treated for UK tax purposes. |
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A guide to UK and offshore companies and other entities available and their tax treatment |
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Written by Administrator
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Given the huge range of different onshore and offshore entities that are available now it can be confusing to understand the key differences between them and to decide which one you should use. Read our guide to the tax implications of the different UK and offshore companes trusts and other entities |
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Moving to Cyprus to avoid UK Capital gains tax |
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Written by Offshoretax.co.uk
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For anyone serious about moving overseas to avoid capital gains tax ('CGT'), it's likely that Cyprus will feature on their shortlist. Find out what tax benefits Cyprus has to offer and crucially how they interact with the UK tax position. This article also includes a look at how the UK CGT charge on property can be avoided by obtaining residence in Cyprus, and how the UK-Cyprus double tax treaty will impact on the tax position when you sell UK property. |
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UK CGT can still apply even if you're non UK resident - find out when! |
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Written by Offshoretax.co.uk
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Just because you're non UK resident doesn't mean you have a complete exemption from UK capital gains tax ('CGT'). There are a number of circumstances when the UK taxman can still demand his 'slice of your cake'. The main time this will occur will be if you have assets that are used for a UK business. This article looks in detail at the tax legislation and Revenue practice and explains when non UK residents will be taxed in the UK on UK business assets. |
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When a non UK resident is taxed on UK property |
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Written by Administrator
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Becoming non UK resident can have numerous tax advantages not least the potential capital gains tax exemption. In actual fact one of the most common reasons to leave the UK is to sell UK property free of UK tax. However, just how straightforward is this? Can you always sell UK property as a non UK resident free of UK tax? Well, as you'd expect this isn't straightforward, but this article gives you the lowdown on when the UK taxman could look to still tax you on UK property profits even though you haven't stepped a foot in the UK |
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