|
How a UK company can use double tax treaties to reduce UK tax |
|
Offshore Tax
|
|
Written by Administrator
|
|
Double tax treaties apply to companies just as they do to individuals. Anyone using a company to conduct international trade should therefore be carefully considering the impact of any relevant double tax treaties and how they will effect the company's tax liability. This article looks at the effect of these treaties on companies. |
|
Read more...
|
|
Using the capital gains tax article in a double tax treaty |
|
Offshore Tax
|
|
Written by Administrator
|
|
Avoiding Capital Gains Tax is a very popular tax planning objective. When considering any form of tax planning it's essential to understand exactly how any relevant double tax treaties will impact on the position and whether they provide opportunities to minimise taxes. This article looks at some sample CGT articles from double tax treaties and explains what they mean in terms of UK tax. |
|
Read more...
|
|
What tax treaty residence is and why it's important in reducing UK taxes |
|
Offshore Tax
|
|
Written by Administrator
|
|
For anyone looking to establish non UK residence overseas (eg if you're emigrating) it's important to also consider whether they can establish treaty residence overseas. In many cases it provides a useful 'back up' in case they do have an ongoing connection with the UK, and the Revenue class them as UK resident. Tax treaty residence is establihed by double tax treaties - and is essentially a method for two countries to agree who has taxing rights over various sources of income and gains. This article goes through what treaty residence is and how you can use this to reduce your UK tax charges. |
|
Read more...
|
|
How to claim double tax relief for UK pensions |
|
Offshore Tax
|
|
Written by Administrator
|
|
More and more people are emigrating from the UK, and a significant proportion of them are looking to retire overseas. In this case you'll be potentially subject to two country's tax regimes. The UK will want to tax the pension if it has a UK source, and the overseas country will also probably want to tax it if you're a tax resident of that country. This is where a double tax treaty comes into play as it can provide for a tax exemption in one of the country's. This article looks at how you claim relief from UK income tax on pensions under a double tax treaty. |
|
Read more...
|
|
How to claim double tax relief under a double tax treaty |
|
Offshore Tax
|
|
Written by Administrator
|
|
Many people are living and working overseas or live in the UK and hold overseas assets. In this case the risk of 'double taxation' is very high. You could be facing tax charges both in the UK and overseas. This is where double tax treaties come into play. They can provide either a complete exemption from UK tax or a tax credit to reduce the UK tax liability. However once you've actually determined what the relevant tax treaty provides you then need to go about claiming the relief in the UK. This article goes through exactly how you go about claiming relief from UK tax under a double tax treaty with the UK tax authorities. |
|
Read more...
|
|
How a UK pension is taxed when you're overseas including the impact of double tax relief |
|
Offshore Tax
|
|
Written by Administrator
|
|
For many people that move overseas they are not able to cut ties with the UK (although many wish they could!). This could be because of UK family or friends or alternative could be because they have UK source income such as a UK pension. As a general rule even if you're non UK resident the UK taxman still looks to tax UK pensions, however this is where double tax treaties come into play. They can have a massive impact on where a pension is taxed and can in various cases transfer taxing rights overseas. Therefore if you're a non UK resident or are planning to leave the UK and receive a UK pension read this article to find out exactly when you can escape UK tax. |
|