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When can you use Offshore trusts and companies to avoid UK tax |
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Offshore 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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Offshore Hybrid Companies and how they're taxed in the UK |
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Offshore Tax
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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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Offshore Tax
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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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