Information on offshore tax, emigration, overseas property and capital gains tax
Home | 2 Tax Experts Online! | 2010 PBR | Capital Gains Tax | UK Tax Blog | Non UK Domicile Tax | Join Today | Search | Member Area
Gain immediate access to all our articles & reports, the free online Q&A service, our discussion group plus much more. Click here for details.
 Capital Gains Tax
 Corporation Tax
 Income Tax
 Inheritance Tax
 Offshore Tax Planning
 Double Tax Treaties
 Emigration
 Non UK Residents
 Tax Havens
 Working Overseas
 Non UK Domicile Tax
 £30,000 Remittance Tax
 Property Investment
 Overseas Property Tax
 Private Residence Relief
 Entrepreneurs Relief
 Selling Your Business
 Offshore Companies
 Offshore Jurisdictions
 Setting Up Offshore Co.
 Capital Gains Tax Q&A
 Corporation Tax Q&A
 Income Tax Q&A
 Non Domicile Tax Q&A
 Non Resident Tax Q&A
 Inheritance Tax Q&A
 2 Tax Experts Online!
 Free Tax Help
 Free Tax Return Help
 Latest Tax Q&A's
 Completing Tax Forms
 2008 Tax Changes
 2009 Budget
 2010 PBR
 Ask for an Article
 Asset protection
 Free Downloads
 Latest Articles
 Old Articles
 Tax Books
 Tax Directory Archive
 TradersTaxClub.co.uk

TradersTaxClub.co.uk - Tax planning for traders and investors in Shares, CFD's, Options, Forex & Futures
Recent Tax Q&A's

To view more tax Q&A's visit the Archive Directory

• capital gains tax and non-dom
• Remittance basis, bed and breakfast
• Personal allowance for non residents after 2010
• UK Dividends collected in a Cypriot Company
• Non-dom £30,000 charge
• Cyprus or North Cyprus
• tax implications on inheriting half a house
• Offshore company trading in UK property
• deferal of capital gains through EIS
• “Non Doms & their offshore companies after April 2
• offshore website and taxes
• Pre residence bonus
• Non ordinarily resident with offshore duties
• UK ord. resident non-dom giving up UK residenc
• EU Savings Directive, UK Res Non Dom, Options
Search Tax Q&A Directory


Forming offshore companies


Offshore Tax Books. Click here

170_170.gif

       








   UK's No.1 Tax Planning Membership Site

   uk and offshore tax advice and reports

Popular Tax Planning Resources
  • Latest Tax Articles
    Click here for the latest tax planning articles and reports.

  • Tax Consultancy Portal
    Look at detailed responses to tax consultancy questions covering everything from property tax to offshore tax. Members can use the contact form to send us tax questions.

  • Free Tax Return Guidance
    Have no further problems filling in your tax return - simply ask our experts any questions you wish free of charge. Use the contact form to send us your questions.

  • Free Tax Guides
    Downloadable free tax guides only available to our members.

  • Tax Planning Forum
    Post your questions in our tax forum for a speedy response.

  • Free Access to our Tax Planning Directory
    Over 550 tax planning issues and answers.

  • Up To Date Guidance
    Get up to date guidance on the latest tax changes.




  • Latest Tax Q&A's
    Advice on P85 form

    Remitting offshore income after paying the RBC

    Non Dom didn't declare offshore income

    CGT for non dom on Canadian property

    UCITS investment and UK tax

    CGT & Entrepreneurs Relief on US shares

    Main residence/CGT on divorce

    Follow up on Capital gains on house sale

    EIS loss relief on disposal of shares

    Franchise fees and corporation tax

    Site members can use the tax consultancy question and answer service free of charge.


    latest tax articles

    The first Court of Appeal decision on residence in 40 years
    27/11/2009
    The first Court of Appeal decision on residence in 40 years This recent Court of Appeal decision on UK tax residence was the first case on residence considered by the Court of Appeal in 40 years. In this article we've looked at some of the key findings and how this may impact on you establishing non UK residence. . . . keep reading
    Reducing tax on redundancy payments by sacrificing for a pension contribution
    25/11/2009
    Reducing tax on redundancy payments by sacrificing for a pension contribution If you're receiving a termination or redundancy payment you may be considering ways to reduce the income tax charged on your receipt.One of the key tax planning opportunities to reduce income tax could be to receive a smaller redundancy payment with your employer instead making a larger contribution into your pension scheme. In this article we look at how effective this is taking account of the new provisions in the 2009 Budget . . . keep reading
    What taxes will I pay? - The new effective tax rates of up to 60%
    23/11/2009
    What taxes will I pay? - The new effective tax rates of up to 60% In this article we look at some of the effective rates of tax that you may be subject to, particularly after the changes from April 2010. Effective rates of tax are important in letting you know exactly what benefit you'll get from earning that extra £100 or £1,000 of income . . . keep reading
    How non doms can remit income and gains tax free with offshore trusts
    20/11/2009
    How non doms can remit income and gains tax free with offshore trusts Tax planning for non UK domiciliaries is one of our favourite topics. In this article we look at how non doms can use offshore trusts to remit income and gains and minimise UK tax. Topics covered include washing out gains, using parallel trusts, rolling up capital and using loans to avoid CGT. . . . keep reading
    Transfers to a QROPS and UK Inheritance Tax
    18/11/2009
    Transfers to a QROPS and UK Inheritance Tax Following a post in the forum, in this article we've considered the inheritance tax ('IHT') implications of a qualifying recognised overseas pension scheme ('QROPS') for both UK domiciliaries and non UK domiciliaries. . . . keep reading
    Offsetting losses on a main residence
    16/11/2009
    Offsetting losses on a main residence With the substantial drop in property prices, and with some areas not forecast to return to 2007 price levels until 2018 many people may be selling properties at a loss. Making full use of that loss will be crucial, particularly given the current low property levels also present many opportunities for investors to realise large capital gains. In this article we look at capital losses on property disposals and in particular how this is affected if you've previously occupied the property. . . . keep reading
    Maximising tax relief on the purchase of business premises
    13/11/2009
    Maximising tax relief on the purchase of business premises Given the substantial costs in purchasing business property, maximising your tax relief for the expenditure you incur is essential. Following a request from a member in this article we look at maximising tax relief on the purchase of business property. . . . keep reading
    Should you sell UK property as a non resident or after you return to the UK?
    11/05/2009
    Should you sell UK property as a non resident or after you return to the UK? If you're non UK resident and considering a return to the UK at some point in the future you may be evaluating whether you should sell UK property before or after a return to the UK. In this article we look at the tax rules for a disposal both before and after a return to the UK and assess when you should sell to minimise tax . . . keep reading
    Dealing with remittance errors
    09/11/2009
    Dealing with remittance errors It's not just non doms subject to the remittance basis who need to be careful in remitting overseas income and gains. Any non doms with foreign income or gains that arose before April 2008 and which was retained abroad would also be taxed on remittances. In this article we look at the tax position if remittances are made in error. Is this still classed as a remittance of the income/gain or will HMRC take an equitable approach to this? . . . keep reading
    How to extend the £300,000 small company tax band and avoid the 28% rate of corporation tax
    06/11/2009
    How to extend the £300,000 small company tax band and avoid the 28% rate of corporation tax This is an interesting opportunity. The current small company rate of corporation tax is 21%. In this article we look at how you can generate profits above this and avoid paying the higher 28% rate of corporation tax . . . keep reading
    UK tax for offshore life interest trusts
    04/11/2009
    UK tax for offshore life interest trusts Following a request by a member, in this article we look at the tax treatment of offshore life interest trusts where the beneficiaries are looking to leave the UK and establish residence and domicile overseas. In particular we look at whether the life interest trust can be wound up and the assets transferred to the non resident beneficiaries. . . . keep reading
    Exchange rates for non doms based on new guidance in 2009
    02/11/2009
    Exchange rates for non doms based on new guidance in 2009 Given that all entries on the tax return are in sterling non doms will need to convert foreign income and foreign capital gains into sterling if they're either charged on the arising basis or if they make remittances under the remittances basis. There will also be other occasions when non doms will need to convert foreign income and gains (eg in calculating whether or not unremitted income or gains falls above or below the '£2,000 de minimis limit). In this article we look at the rules after the new 2009 guidance . . . keep reading
    How BBC stars use a service company to reduce tax
    30/10/2009
    How BBC stars use a service company to reduce tax This article was requested by one of our members: '...I'm reading a lot in the press about BBC top stars setting up service companies to avoid tax legitimately. What are the advantages of this approach? What types of tax do you save?...' In this article we look at how service companies can be used to save tax. . . . keep reading

    Using a dividend waiver to avoid National Insurance Contributions ('NIC's')
    28/10/2009
    Using a dividend waiver to avoid National Insurance Contributions ('NIC's') Although salary payments are tax deductible, and dividends aren't one of the key drawbacks of paying a salary is the high national insurance cost. This article looks at how paying dividends and using a dividend waiver could be used to avoid NIC's on employee remuneration . . . keep reading
    Transferring royalties to an offshore company to reduce UK tax
    26/10/2009
    Transferring royalties to an offshore company to reduce UK tax If you're UK resident and domiciled you may be wondering whether there are any opportunities for you to transfer royalties to an offshore company to save UK tax. In this article we look at the UK tax implications of using an offshore royalty holding company. . . . keep reading
    UK Ordinary residence in 2009
    23/10/2009
    UK Ordinary residence in 2009 Although an individuals 'residence' status is of key importance, for tax purposes 'ordinary residence' can occasionally be of crucial importance. In this article we look at when a visitor to the UK can be classed as UK ordinarily resident and compare the different approaches of HMRC and the Courts . . . keep reading
    Interesting case on non UK residence that was recently reported
    21/10/2009
    Interesting case on non UK residence that was recently reported This is an interesting case on residence that has been recently reported. It concerns an airline pilot and whether he was UK resident after he'd made an attempt to sever ties with the UK. Many of the issues raised are relevant for other prospective emigrants . . . keep reading
    Establishing non residence when working abroad -- what if you return early?
    19/10/2009
    Establishing non residence when working abroad -- what if you return early? If you're leaving the UK to work overseas you would often look to establish non UK residence from the date of your departure to the date of your return under the special provisions outlined in HMRC6.One of the requirements is that the employment is full time and lasts at least a complete tax year. In this article we look at what happens if you return early . . . keep reading
    Transferring assets to an offshore company tax free with the motive exemption
    16/10/2009
    Transferring assets to an offshore company tax free with the motive exemption One of the main problems with using an offshore company to avoid UK tax is the anti avoidance rules. There is though an exemption from these rules, in the form of the 'motive exemption'. This article looks in detail at the operation of the motive exemption after a recent case before the Commissioners . . . keep reading
    Inheritance tax implications from joint mortgage
    Question: My 70 year old mothers' savings ran out a year ago. Instead of downsizing her mortgage-free property, she has taken out a joint offset mortgage with myself, allowing her to borrow up to £250,000. She will probably inherit some money sometime in the future from her mother allowing her to pay back the loan and can then reevaluate her long term plans. Because of her age, she was unable to get a mortgage in her own name. The house is soley her own and the mortgage, although in joint names, is for her benefit only and she is to repay it. Is there something we can do to ensure that, should my mother die with the mortgage not redeemed, the full mortgage is deducted from the value of her estate before IHT is paid? (ie not just her 50% share). . . . keep reading
    The 'round the world' CGT planning scheme
    14/10/2009
    The 'round the world' CGT planning scheme The 'round the world' CGT planning scheme has been considered in a recent court decision and in this article we look at the approach the courts and Revenue have taken in relation to this scheme. . . . keep reading
    Latest August 2009 case on central management & control
    12/10/2009
    Latest August 2009 case on central management & control In this article we look at the recent August 2009 decision in relation to the central management and control of an offshore company. This case essentially reinforces a lot of the issues which we've previously covered in our company residence articles, and therefore provides a useful summary of the key points. . . . keep reading
    Using an offshore holding company for non doms
    09/10/2009
    Using an offshore holding company for non doms Non Doms, along with non UK residents are potentially in the best position in terms of UK tax to make use of offshore companies and trusts. In this article we take a look at how non doms could use an offshore holding company to reduce UK taxes . . . keep reading
    Emigrating from the UK to avoid Inheritance Tax
    07/10/2009
    Emigrating from the UK to avoid Inheritance Tax Leaving the UK to avoid inheritance tax needs to be looked at completely separately from leaving the UK to avoid income tax or capital gains tax. Following requests from members we've looked in this article at how you would look to emigrate from the UK to avoid inheritance tax . . . keep reading
    Is it worthwhile claiming the personal allowance as a non resident?
    05/10/2009
    Is it worthwhile claiming the personal allowance as a non resident? The ability of non residents to claim the personal allowance will be significantly reduced as from April 2010. However, even where it can still be claimed is it necessarily worth claiming it? In this article we look at why non residents may not want to claim the personal allowance anyway. . . . keep reading
    More HeadlinesMore Headlines   

    £1.00 trial



     Tip of the Week
    Free Emigration Tax Planning Report

    Enter your e-mail address below to receive our free tax planning report for anyone leaving the UK.
    Email:
     Discussion Forum
    Recent Forum Posts
    • calculating transit days in the uk
    • Overseas employment and non uk tax
    • Tax reclaim for non-resident employee?
    • Pension. No strings attached. Is it possible?
    • Sale of Company
    • Offshore insurance bond payout
    • Dormant offshore trust, can I use it?
    • PRIVATE RESIDENCE RELIEF
    • Using my Non-res before coming back to the UK
    • QROP & Inheritance tax
    • What can an Offshore Company do?
    • shares in insolvent Aim EIs
    • Shares for employee
    • 2,000 unremitted foreign income limit for non-doms
    • tax on savings, offshore company?
    Search Discussion

     TESTIMONIALS
    Here's what our members are saying ...
    "I joined the site after reading an offshore tax guide and was certainly not disappointed. The practical and 'to the point' tax planning has already saved me a considerable sum. I'd recommend this website to anyone."
    Jerry Brown, Edinburgh


    "I've saved £5,659 in CGT by using this site to double check my accountants advice. My wife has also identified further income tax savings of over £2,000 as result of the property tax articles. In our case it's well worth the £10 membership fee."
    Derek Bailey, Birmingham


    I must thank you for the most informative reply to my enquiry. It is so extensive, I intend setting an evening aside to absorb it all.

    Again, thank you for a most useful website.
    Lorne B, Sutherland,UK


    "Well written reports that are clear and insightful. I look forward to reading them every week!
    Natasha Foude, France


    "I have to say your web site is by far the best prepared and most informative that I have seen."
    Elsa Budding, Newcastle


    "I'm planning my emigration and the offshore reports are exactly what I'm looking for. I'll definitely be renewing!"
    Sarah Mather, Reigate, Surrey.


    "The property tax advice service was excellent, and I'd have no problems recommending it to anyone. I received my answer within 1 day and was very pleased with the response
    Robert Saunders, Leicester
       

       100% Secure Site

    100% secure site
       Offshore Tax Book

    Non resident and Offshore tax planning

       Non Dom Tax Book

    Non Dom Book
       Tax Havens Book

    The Worlds Best Tax Havens