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How to avoid or reduce Income tax
If you're a higher rate taxpayer nearly half of your earned income above the higher rate band will go the taxman. In this section we include articles and reports that look at how to avoid or reduce income tax. Establishing non UK resident status is a very effective method of avoid UK income tax on overseas income. You can also avoid UK income tax on some UK income as well. Look at our emigration section for more details of this.
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An example of restructuring to reduce UK property tax
30/06/2008
Many buy to let investors now look further afield and are interested not just in UK property, but also overseas property. This raises a number of issues for tax purposes, one of which is that relief is obtained for any losses. This article looks at one aspect of this which involves restructuring ownership to maximise tax relief . . . keep reading
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Are dividends now more tax efficient than a bonus?
27/06/2008
Anyone running a company will be considering whether to extract cash as a bonus or dividend. The changes in the company tax rates have sounded the death knell for bonuses in many cases. This article looks at sample figures and shows how dividends are now more tax efficient for most profit extractions . . . keep reading
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Top 10 tax planning tips for expatriates
20/06/2008
For any expatriates avoiding or at least reducing UK tax on their income and capital gains will be crucial. In this article we look at 10 of the top tax planning tips for expatriates to reduce and even eliminate their UK taxes . . . keep reading
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Can non doms raise debt over exempt assets to avoid the remittance rules?
13/06/2008
Non doms subject to the remittance basis will be looking at opportunities to benefit from overseas income or gains without triggering the remittance rules. This article looks at one specific opportunity in connection with the exempt property rules. In particular whether non doms could 'have their cake and eat it' by raising debt over exempt assets and accessing overseas income free of UK tax . . . keep reading
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Non doms and overseas property in 2008
23/05/2008
Non Doms that own overseas property will need to carefully consider the scope of UK tax on property income and gains taking into account the new rules that apply to Non Doms from April 2008. This article looks at how Non Doms will be taxed on overseas property from 2008 and some tax planning opportunities . . . keep reading
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Offshore Bonds for Non Doms
09/05/2008
For any non doms looking at ways to hold assets abroad without being liable to the £30,000 annual charge, identifying overseas investments that don't crystallise income can be crucial. This article looks at the pros and cons of offshore investment bonds for non UK domiciliaries. . . . 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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Where is your pension taxed?
30/04/2008
If you're receiving a pension from overseas it's important to be able to establish in which country it is taxed. As a UK resident you are usually taxed on your worldwide income, which would include a pension from overseas. However the terms of double tax treaties can significantly impact on this. This article shows you how to determine in which country your pension will be taxed wherever it is paid. . . . 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
"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
"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
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Offshore Tax Book
Non Dom Tax Book
Tax Havens Book
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Property Investment
