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Can I use an offshore company to avoid UK tax? |
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Written by Administrator
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This depends on exactly what you want to use it for, and what your specific tax status is. There are some significant restrictions on UK resident and domiciled individuals using offshore companies. Generally you'll have the best opportunities to use an offshore company to avoid UK tax if: - You're non UK resident, or
- You're non UK domiciled
- You are trading overseas
- The company is owned by a trust
- The company is controlled from overseas
See this article for more details: When can you use offshore companies and trusts to avoid tax
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