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home | Offshore Tax Planning

Offshore tax planning

More than any other area of tax planning, offshore tax planning offers the greatest opportunities to reduce or eliminate your UK tax bill.

Unfortunately though, offshore tax planning can also be amongst the most complex. It's therefore particularly important that you find out exactly what you can and can't do and to ensure you're kept up to date with the last tax planning opportunities.

In this section we include all articles and reports with an offshore dimension. This includes non residency, non UK domicile, using offshore trusts and companies, working overseas, trading overseas, emigration and tax havens to name just a few.

Free Offshore Tax Guides For Members
Tax Planning Strategies with Offshore CompaniesTax Planning Strategies with Offshore Companies
Whilst using offshore companies can have numerous UK tax benefits, there are a number of issues that need to be considered in detail. This tax guide looks at when and how you can use offshore companies to reduce your UK tax liabilities. It looks at issues such as:
  • Company residence
  • The anti avoidance rules,
  • How you can still benefit from using offshore companies
    It also includes a handy checklist of factors that you should be considering. This download is free for members. . . . keep reading

  • Using Offshore Trusts To Save TaxUsing Offshore Trusts To Save Tax
    In this tax guide, available only to members of WealthProtectionReport.co.uk, our Editor, L J Hadnum looks at when you can and can't use offshore trusts to save UK tax. It covers many of the key issues such as:
  • When and how the income tax and capital gains tax ('CGT') anti avoidance rules work
  • When trusts can be used to save income tax
  • When trusts can be used to save CGT
  • The difference between capital and income extractions from offshore trusts
  • How to extract cash from trusts tax efficiently
  • The position of non doms in setting up or benefiting from offshore trusts
  • How UK protectors of offshore trusts impact on their UK tax status . . . keep reading

  • Tax guides are unique to WealthProtectionReport.co.uk and are free to members.

    All tax guides have been written by a tax specialist (Chartered Accountant & Chartered Tax Adviser).

    Join up today to have full access to all our unique tax planning reports, tax guides and free tax Q&A service.

    Subscribe now for income tax, capital gains and inheritance tax savings

    Offshore Tax Questions

    If you require offshore tax guidance you can submit an online question via our Offshore tax Questions section.

    Offshore Tax Planning Articles

    Transferring your UK company overseas to avoid UK tax
    Transferring your UK company overseas to avoid UK tax Some of the UK's largest companies have transferred their operations overseas. In this article we look at how a UK company can 'migrate' overseas tax efficiently and the tax benefits in doing so. . . . keep reading
    Using offshore companies and protected cell companies to avoid the remittance rules
    04/12/2009
    Using offshore companies and protected cell companies to avoid the remittance rules If you're looking to avoid CGT, using an offshore company can be attractive, particularly as a non dom. In this article we look at how offshore companies can be used to avoid CGT and the remittance rules. In addition we consider how protected cell companies can be used to avoid CGT . . . 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
    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
    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
    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
    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
    Setting up an offshore joint venture to reduce UK tax
    09/09/2009
    Setting up an offshore joint venture to reduce UK tax Many people ask whether they can use an offshore company to carry out their trade and avoid UK tax. For many UK residents this is very difficult to do however forming an offshore joint venture with an overseas colleague or supplier could be a good option. This article looks at how offshore joint ventures could reduce UK tax . . . keep reading
    Why the UK can be a tax haven
    07/09/2009
    Why the UK can be a tax haven 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
    Questions HMRC may ask when assessing the residence of an offshore company
    28/08/2009
    Questions HMRC may ask when assessing the residence of an offshore company If you're planning on setting up an offshore company to avoid UK corporation tax on the profits of a UK trade or capital gains, one of the difficulties is ensuring that the central management and control is based overseas. In this article we look at some of the questions that HMRC may raise in an enquiry into the residence of an offshore company . . . keep reading
    Recommended procedures to establish central management and control overseas
    24/08/2009
    Recommended procedures to establish central management and control overseas If you're looking to establish an offshore company as non UK resident it's essential that you can show the central management and control as being based overseas. In this article we look at some of the recommended methods and procedures to assist in demonstrating that the management and control is abroad . . . keep reading
    Using a UK double tax treaty to work in the UK free of UK income tax
    14/08/2009
    Using a UK double tax treaty to work in the UK free of UK income tax The general rule is that if you have a UK employment the earnings from that employment are subject to UK income tax. This applies irrespective of your residence status. However, this is not the full story, as the terms of a UK double tax treaty will impact on this. In many cases these treaties can be used to exempt any UK salary from UK income tax. In this article we take a detailed look at the use of double tax treaties to avoid UK income tax on UK employment income . . . keep reading
    Using offshore trusts for CGT avoidance
    29/07/2009
    Using offshore trusts for CGT avoidance If you're interested in using offshore trusts for CGT avoidance the main problems you'll face are the anti avoidance rules that can attribute capital gains of offshore trusts back to UK settlors and beneficiaries. This article looks at how carefully (and legally!) sidestepping the rules you can arrange for disposals by an offshore trust free of CGT . . . keep reading
    Using an offshore company and trust structure for a foreign trade
    22/07/2009
    Using an offshore company and trust structure for a foreign trade Establishing directly held offshore companies are a popular topic at wealthprotectionreport.co.uk. In this article we look at how using an offshore company to trade overseas could be structured. In particular how using an offshore company to hold the shares in the company could substantially increase the tax benefits. . . . keep reading
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