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

• Non Domiciles - Royalty Income

• Settlor interested trust - resident but non-dom

• Becoming UK Non Resident

• Sale of refurbished investment properties

• non resident landlord scheme

• Interest Balance on Mixed accounts as of 5/4/08

• P85 and UK/NZ Residency

• How to claim double tax relief on UK pensions

• 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

home | Feature Articles

Feature Articles

Find the latest feature articles here!

We generally post new articles every day, and most of them can be found right here. Click on any headline below to find the full article.

And be sure to click the 'view more articles' link at the bottom of the page to read articles you may have missed.

Directors of UK companies moving abroad and the impact of double tax treaties
16/03/2012

Directors moving abroad should ensure that they carefully consider their tax status. The terms of double tax treaties in particular can have a big impact on how directors are taxed. This article looks at how double tax treaties impact on directors based overseas . . . keep reading

Offshore trusts for grandchildren to avoid UK income tax and CGT
14/03/2012

The options available to UK residents to successfully use offshore trusts to avoid UK tax have been significantly reduced over the past few years due to the scope of the anti avoidance rules in place. This article looks at how offshore trusts for grandchildren can still be used tax efficiently by UK residents. . . . keep reading

The remittance basis and using UK/overseas debit or credit cards
05/03/2012

We've looked in previous articles at exactly what constitutes a remittance of overseas income or capital gains. In this article we look in detail at exactly when and how taxable remittances are made using UK and overseas credit cards . . . keep reading

When using a UK company can increase your tax bill
By L J HAdnum - 24/02/2012

Much has been written on when you should use a UK company. In fact there are lots of cases when using a Limited Company to carry out your business could save you thousands off your tax bill. However, this is not always the case, and in this article we're going to run through some of occasions when using a company would lead to a substantial increase in your UK tax liability. . . . keep reading

Holding a website offshore to reduce UK tax
By L J Hadnum - 03/02/2012

If you're looking to set up a website and want to reduce UK tax on the profits generated by that site, one option to avoid tax on the profits is by operating the site from overseas. This article looks at the offshore options to avoid tax on the profits of a website including non residency and using an offshore company. . . . keep reading

What to do and when to avoid Inheritance tax
14/11/2011

You're probably already aware of some inheritance tax planning techniques. The 7 year survivorship rule in particular is pretty well known, however in this article we look to bring it all together to tell you exactly what you can do and when to avoid inheritance tax. . . . keep reading

How to reduce stamp duty by allocating part of the purchase price to furniture
11/11/2011

Reducing stamp duty on property purchases is difficult. This article looks at one of the key opportunities for reducing stamp duty by apportioning part of the purchase price to furniture or other chattels. . . . keep reading

Make the most of the drop in property prices to restructure property investments
09/11/2011

If you have investment properties owned by a company you may be able to take advantage of the decrease in property prices to restructure the ownership and substantially reduce the ultimate capital gains tax charge on disposal.This article looks at the tax implications. . . . keep reading

Tax Planning for property developers

Property developers are subject to tax on any profits realised as income as opposed to capital. However there are some particular aspects of trading in property that make their tax treatment unique and it is these areas that should be given special consideration. . . . keep reading

How the new Statutory Residence Test will apply

The Government issued a consultation document on the new Statutory Residence Test on 17 June 2011. In this article we look at how the new Statutory Residence Test will operate and offer some thoughts on the proposed new regime. . . . keep reading

Establishing non residence and the new 10 day test

We've had a few e-mails from members concerned about articles in the newspapers relating to a new 10 day test. In particular whether HMRC are challenging non residence when an individual spends more than ten working days in the UK in a tax year. In this article we look at this change and clarify the position. . . . keep reading

The 2012 changes to the non dom rules (increase in RBC to £50,000 and new remittance exemption).

The 2011 Budget brought in some potentially significant reforms to the non dom rules from April 2012. In this article we look at these proposals in further detail. . . . keep reading

Latest 2011 changes to becoming non resident with HMRC 6

HMRC has issued a new version of HMRC 6 which contains its guidance on non residency and domicile. For anyone looking to establish non residence with minimal interference from HMRC this is essential reading. The latest version issued in December 2010 contains a number of changes from the previous version. In this article we look at some of the key changes . . . keep reading

Which is the best way for non doms to hold UK property?

It's often asked which is the best way for non doms to hold UK property. In this article we look at the key tax issues and whether it is beneficial to hold personally, use an offshore trust or an offshore company . . . keep reading

Changes to the form P85 when you leave the UK and what they mean

The form P85 has been revamped with new sections and questions. In this article we look at the key differences from the old form and what they mean . . . keep reading

The latest 2011 decision on non residence

There's been a recent court hearing that will be of interest to anyone looking to establish non residence. In line with HMRC and the courts requirements for a distinct break from the UK, this case looks at whether an individual leaving the UK was non resident from the date of departure due to a permanent absence overseas . . . keep reading

Tax relief for property investors on overseas interest and finance costs.

If you're borrowing money from overseas to invest in property you need to assess firstly what level of tax deduction you'll be entitled to for the interest and secondly whether you'll be caught by the withholding tax rules. If you are caught by the withholding tax rules you'll also need to consider what options you have to avoid having to pay 20% of the interest to the UK taxman. This article tells you what you need to know to avoid UK withholding taxes on overseas interest. . . . keep reading

When the 7 year inheritance tax survivorship period can be avoided
30/12/2009

It's well known that you can make gifts of any assets within your estate and provided you survive for seven years they will be free of inheritance tax. This applies for transfers to trusts as well as individuals. However, if you or your relatives are old or infirm seven years may be too long. This article looks at the options for reducing inheritance tax without needing to survive for seven years . . . keep reading

Qualifying for rollover relief on capital gains on investment properties that are compulsory purchased
28/12/2009

It's well known there's a rollover relief that allows capital gains on business assets to be deferred when you spend the proceeds on other business assets. However, what's less well known is that there are provisions allowing capital gains on investment properties that are compulsory purchased to be deferred. This article looks in detail at this special form of rollover relief and how to ensure you meet the qualifying conditions . . . keep reading

Why the UK can be a tax haven
07/09/2009

This will come as a surprise to many readers, however the UK does have a number of very tax advantageous rules which can make it a tax haven for many, even ignoring the remittance basis for non UK domiciliaries. This article looks at why the UK can be a tax haven. . . . keep reading

Maximising private lettings relief to reduce CGT

Lettings relief is not as well known as principal private residence relief, however where it applies it can be very effective in further reducing your capital gains tax charge. This article looks at how lettings relief operates as well as how to maximise the amount of lettings relief to reduce your capital gains tax . . . keep reading

Structuring offshore consulting for non UK domiciliaries
02/09/2009

Any Non UK domiciliaries who live in the UK and work overseas should carefully consider how they're going to structure their affairs for UK tax purposes. This article looks at how they will be taxed, and most importantly how they can reduce their UK taxes . . . keep reading

FOTRA securities & receiving interest free of income tax
23/03/2009

FOTRA stands for 'Free of Tax to Residents Abroad' and essentially applies to UK government securities that are paid free of UK tax to non residents. This article looks at the income tax exemption for FOTRA interest and the requirements to secure the exemption . . . keep reading

Care home fees planning
02/03/2009

Paying for care home fees is a key concern for many retirees. The thought that they may have to sell their house or use cash balances that they have saved over their lifetime to pay for these fees is a real worry. This article looks at some of the rules and the options available. . . . keep reading

Tax planning for non doms returning to the UK and maximising the benefit of the remittance basis
19/11/2008

It may be the case that any UK resident non doms leave the UK and establish non UK resident status. Any future return to the UK needs to be carefully considered in terms of UK tax. This article looks at how returning non UK domiciliaries could look to structure their affairs to maximise the benefit of the remittance basis and reduce UK tax . . . keep reading

Tax Planning for a UK resident Buying UK Investment Property via an Offshore Company
08/11/2010

Following a post in our tax forum we've been asked to look at the tax implications of UK residents who have purchased UK property via an offshore company. More often than not this would be with some overseas partners. This article looks at the UK tax implications and planning opportunities . . . keep reading

What is overseas capital and how to remit it free of UK tax
22/10/2008

Remitting overseas capital is a common question both in our tax forum and our online Q&A service. This article looks at exactly what overseas capital is and how non UK domiciliaries can use the rules to remit overseas cash free of UK tax whether they choose the arising basis or the remittance basis after April 2008. It also looks at the rules applying to mixed funds. . . . keep reading

How non doms can still save tax with offshore trusts after 2008 even if they're not claiming the remittance basis
03/10/2008

The new provisions in the 2008 Finance Act make a number of changes to the use of offshore trusts and companies by non UK domiciliaries. This article looks at how non doms can still make use of offshore trusts to avoid UK tax whether they claim the arising basis or the remittance basis of tax after April 2008. . . . keep reading

Overseas ETF's and Time deposits for Non Doms opting for the arising basis
22/09/2008

Any non UK domiciliaries who are looking to avoid the remittance rules should look carefully at their overseas investments. If they're opting for the arising basis the opportunities for avoiding UK tax on overseas investments are limited. This article looks at the use of overseas ETF's and time deposits . . . keep reading

How best to structure small scale overseas property development

With the advent of many low entry cost property development opportunities overseas an issue that is often important is what is the best structure for this. What we're considering here are small scale operations. The large investors will be likely to already have an established offshore structure in place - but what about the newbies - how should they proceed? . . . keep reading

More Headlines

Recent Forum Posts - New Forums

• UK Land Sale

• CGT on UK property owned by Corporate bodies

• Offshore company

• Internet Based Business and moving overseas...

• CGT implication gifting an inherited property to my brother

• Trust and offshore IBC for selling software

• Investing in US vs UK based index funds.

• Non Resident and non dom changes in the 2011 Autumn statement

• Profits from investing in US Start-up

• CGT on Gifts

Recent Forum Posts - Old Forums

• Remittance and transfer overseas through UK

• Capital gain tax

• Non Residence

• Overseas income

• Renting a Place for Self Employment

• Financial Gift to children towards purchasing own

• Resident Non domiciled person inheriting assets

• CGT on Non Dom Gift query

• SENT TO NEW FORUM

• UK Pension

• company formation agents

• QROPS

• Non dom giving up UK residency

• Shareholder Income & Non UK Residency

• PPR and non-doms

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