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Planning to avoid or reduce Corporation tax
If you're looking to avoid or reduce corporation tax, take a look at our corporation tax articles (below).
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Corporation Tax Books |
 Selling a Business
If you're selling your business or company this is an essential read. The tax at stake could be significant and this book goes through in detail the tax planning opportunities available to you to enable you maximise your net disposal proceeds. It covers lots of issues from straightforward tax reliefs such as taper relief and rollover relief to more complex reconstructions, hive ups and share reorganisations. . . . keep reading
 Using a Company to Save Tax
Find out how to use a company to slash your UK tax bill. Using a company can ensure your income is taxed at the lower corporation tax rates (as opposed to income tax). It's not straightforward though and this book tells what you need to know when considering whether to use a UK company including how to set up your company and extract profits tax efficiently . . . keep reading
 Salary versus Dividends
If you own a company you'll know how important it is to extract profits in the most tax efficient manner as the right decision can easily save you thousands. Dividends are free of national insurance but not tax deductible. Bonus/salary payments are taxed at up to 40%, subject to NIC but are tax deductible. Ploughing through the numbers and taking account of all the other factors can be very time consuming as well as expensive if you pay an accountant to do it. This book explains the tax issues in detail and includes lots of schedules showing the precise tax implications for various profit extraction strategies. . . . keep reading
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Should you buy residential property in your name or via a company to reduce tax?
05/05/2008
It's a pretty common question, and is something that should be considered well before you actually buy any property (or even exchange contracts). You could buy investment property in your name, via a UK company, via an offshore company or even via a trust. For most UK residents the key issue will be whether to buy personally or via a UK company. This article looks at the issues and identifies when using a company is more tax efficient than using a buying personally based on the new 2008 rules. . . . keep reading
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When using a company can increase your tax bill
02/05/2008
Much has been written on when you should use a UK company. In fact you'll find plenty of websites devoted to using a company and how it could save you thousands off your tax bill. Well, in many cases this is correct, and if you look through some of our previous articles you'll see that we have covered these opportunities. However, we like to go one step further so we're going to run through some of occasions when using a company would not be beneficial. . . . keep reading
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Using a UK company in offshore tax planning
18/04/2008
Non UK residents looking to structure investments both in the UK and overseas may look to use a UK limited company as an intermediary for their overseas investments. This article looks at when and how using a UK company could be effective in reducing taxes on investments. . . . keep reading
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Transferring property assets out of a company tax efficiently
02/01/2008
A common scenario is for a company to hold both trading and investment assets. This could be because the shareholders have decided to use retained cash in the company to purchase investment properties or other investment assets (in the belief that this saves on the tax charge on extracting funds from the company). This is usually fine until you start to think about the future disposal of either the property or the trade. . . . keep reading
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Should you set up a new company for trading overseas?
31/12/2007
If you are considering trading overseas, you may be considering whether to trade via a branch of an existing UK company or alternatively form a separate (usually overseas) company to carry out the trade. This article looks at the pro's and con's of setting up a new company to carry out the overseas trade. . . . keep reading
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Using a company to hold UK or overseas property after the 2008 capital gains tax changes
15/11/2007
There have been a lot of changes to capital gains tax, as well to the corporation tax rates that are planned to apply from April 2008. This makes it essential for anyone considering a purchase of investment property to ensure they use the best possible ownership structure. This article looks at when company or personal ownership is the best option to reduce UK income and capital gains tax. . . . keep reading
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How to
transfer a UK website to an offshore company to reduce tax
It's often the case that a UK individual who owns (either directly or via a company) and operates a UK website (eg a .co.uk website) may look to offshore opportunities to reduce or avoid UK taxes. A common tax planning option would be to transfer the website to an offshore non resident company to avoid UK corporation tax on the profits generated. This article looks at how this can be achieved and what the key pitfalls are. . . . keep reading
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Will your UK company suffer a tax on capital gains when you leave the UK?
Unlike individuals, companies are subject to an exit charge on becoming non UK resident. This applies where a company ceases to be resident in the UK and the broad effect of it applying is to ensure that any assets owned by the company are treated as being sold and immediately reacquired. This will then crystallise a charge to corporation tax on the capital gain that arises in the company. This article looks at the application of the exit charge provisions and how they can be avoided. . . . keep reading
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Tax Checklist: Using an Overseas Company to Reduce Tax
If you're considering using an overseas company to hold UK/overseas assets or carry out a trade have a look at this checklist to make sure you've covered the key tax points. This checklist guides you through the main anti avoidance rules and allows you to 'structure your thoughts' when considering whether to use an overseas company or not . . . keep reading
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When using a company can increase your tax bill
Much has been written on when you should use a UK company. In fact you'll find plenty of websites devoted to using a company and how it could save you thousands off your tax bill. Well, in many cases this is correct, and if you look through some of our previous articles you'll see that we have covered these opportunities. However, we like to go one step further so we're going to run through some of occasions when using a company would not be beneficial. . . . keep reading
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How to invest in the UK through an offshore company to avoid UK tax
Anyone considering investing in the UK (eg UK property) has various options. They could invest personally, jointly with family/friends, through an offshore company, through an offshore trust or a combination of these. In many cases avoiding UK capital gains tax, income tax and inheritance tax will be key considerations. This articles looks at the pros and cons of investing in the UK through an offshore company with particular emphasis on the impact for someone with a non UK domicile. . . . keep reading
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Capital gains and companies - how the new company tax changes will effect this and should you delay a disposal?
The company ownership of assets is pretty common. Unfortunately the tax implications of a disposal of the assets by the company can be highly unattractive. I've seen cases where assets are held in a company, but the tax payable on a company disposal can be too high and the shareholders can't afford to sell. In this case any opportunities to reduce the tax charge should be considered. This article looks at the recent 2007 Budget changes and how they impact on the calculation of gains on a company disposal. . . . keep reading
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Here's what our members are saying ...
"I joined the site after reading Non Resident and Offshore Tax Planning 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
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In our case it's well worth the £10 membership fee."
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Offshore Tax Book
Non Dom Tax Book
Tax Havens Book
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Property Investment
