Information on offshore tax, emigration, overseas property and capital gains tax
Home | Non UK Domiciliaries | 2 Tax Experts Online! | 2009 PBR | Capital Gains Tax | New Forums | UK Tax Blog | Search | Member Area
Gain immediate access to all our articles & reports, the free online Q&A service, our discussion forums plus much more. Click here for details.
Capital Gains Tax
Corporation Tax
Income Tax
Inheritance Tax
Rich/Famous Tax Planning
Offshore Tax Planning
Double Tax Treaties
Emigration
Non UK Residents
Tax Havens
Working Overseas
Non UK Domiciliaries
£30,000 Remittance Tax
Non Dom Tax Forum
Non Dom Tax Q&A's
Property Investment
Overseas Property Tax
Private Residence Relief
Entrepreneurs Relief
Selling Your Business
Offshore Companies
Offshore Jurisdictions
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
2009 PBR
Ask for an Article
Asset protection
Free Downloads
Latest Articles
Old Articles
Tax Books
Tax Directory Archive
TradersTaxClub.co.uk
Member Profiles

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

• 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
• 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
Search Tax Q&A Directory


Forming offshore companies


Offshore Tax Books. Click here

170_170.gif

       







home | Income Tax

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.

You may also want to have a look at our Income Tax Consultancy Questions which looks at numerous income tax planning questions in detail.

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.

How to avoid being a property trader for income tax purposes
22/03/2010
How to avoid being a property trader for income tax purposes Given the rise in the top rate of income tax to 50%, it's even more beneficial to avoid being classed as a property trader for tax purposes, and instead be classed as a property investor. The 18% rate of CGT will make it much more tax efficient for most developers. In this article we look at the different factors to take into account to ensure you're a property investor . . . keep reading
Tax planning for partners and the new 50% rate of income tax
19/03/2010
Tax planning for partners and the new 50% rate of income tax As members will no doubt be aware as from April 2010 the top rate of income tax for anyone earning over £150,000 will be 50%. Partners in particular will be keen to reduce the tax burden as they will be taxed personally on the business profits. The new 50% tax rate will therefore hit them particularly hard. In this article we look at some of the main ways that Partnerships could look to reduce income tax. . . . keep reading
How setting up a revocable life interest trust can reduce income tax
17/03/2010
How setting up a revocable life interest trust can reduce income tax As from 6 April there will be a new 'Super' rate of income tax set at 50%. What's not often appreciated though is that this will then represent the main rate of tax for discretionary trusts. In this article we look at how the new tax rate for trusts will apply and how trustees can use a revocable life interest trust to reduce the income tax charge . . . keep reading
Reducing tax on property development by using a trust
15/03/2010
Reducing tax on property development by using a trust One possibility to reduce tax on property development is by using a trust. The general idea would be that you could save the 40% or 50% income tax charge you'd be subject to if you did the development in your own name by using a trust. The trust could be subject to income tax at the basic rate of 20%. There could therefore be a significant tax saving. . . . keep reading
Are companies now at risk of making unlawful dividends?
08/03/2010
Are companies now at risk of making unlawful dividends? Following a request from a member this article looks at whether companies and their shareholders are at risk of making unlawful dividends. In particular where they are not making the same level of profits as in previous years and yet continue to extract regular dividends it's been suggested HMRC could challenge the validity of the dividends for tax purposes . . . keep reading
How to ensure your termination payment isn't taxed as earnings
03/03/2010
How to ensure your termination payment isn't taxed as earnings In this article we look at when under general law termination receipts can be taxed as earnings and the impact of this. In addition we look at practical issues that could be considered to ensure the receipts are taxed under the special termination provisions . . . keep reading
Detailed example of how the nominated income rules apply for non doms
26/02/2010
Detailed example of how the nominated income rules apply for non doms The nominated income rules which apply to non doms are particularly complex. In this article we look at a more detailed example to illustrate how they will apply, and in particular how future remittances of overseas income or gains would be taxed in the UK. . . . keep reading
Tax deduction for travelling expenses if working abroad
22/01/2010
Tax deduction for travelling expenses if working abroad Following a request from a site member we've looked at the tax rules relating to obtaining tax relief for travel expenses for you and your close family if you work abroad. This article looks at exactly when you will qualify for a tax deduction for your travelling costs . . . keep reading
Top countries of residence for the Rich & Famous
Top countries of residence for the Rich & Famous If you've ever wondered where the Rich & Famous base themselves to avoid tax you'll find this fascinating reading. In this article we look at some of the top tax haven destinations for celebrities and why they're so attractive . . . keep reading
How non doms can fund the nominated account tax efficiently
08/01/2010
How non doms can fund the nominated account tax efficiently Following a number of requests from members we've produced this article to explain in more detail how the 'nominated income' provisions apply and how to fund the nominated account tax efficiently. . . . keep reading
Avoiding UK income tax like Stelios by structuring income as non UK income
Avoiding UK income tax like Stelios by structuring income as non UK income Stelios Haji-Ioannou, founder of Easy-Jet and the rest of the 'Easy' empire has been quoted as saying: "I have no UK income to be taxed in the UK." In this article we look at exactly how Stelios can structure his income as non UK income and how this can avoid UK income tax. . . . keep reading
How non residents can eliminate income tax on UK rental income
14/12/2009
How non residents can eliminate income tax on UK rental income If you're non UK resident and rent out UK property you'll be subject to UK income tax on the rental income. This will fall within the non residents landlord scheme and would initially be subject to basic rate income tax at source for most landlords. In this article we look at the techniques non residents can apply to reduce UK income tax on the rental profits to nil . . . keep reading
The new offshore fund regulations have been published - what effect will they have on you?
11/12/2009
The new offshore fund regulations have been published - what effect will they have on you? The new regulations governing the UK tax treatment of offshore funds were published in November 2009. In this article we look at exactly what effect these new regulations will have on anyone holding interests in an offshore fund. . . . keep reading
Why company shareholders are still winners from the 2009 Pre Budget Report
Why company shareholders are still winners from the 2009 Pre Budget Report There are a number of reasons why anyone running a business through a company has benefited from the 2009 Pre Budget Report changes.In this article we look at exactly how company shareholders benefit when compared to employees and sole traders . . . keep reading
A review of the changes announced in the 2009 Pre Budget Report
09/12/2009
A review of the changes announced in the 2009 Pre Budget Report This article summarises the key tax changes announced in the 2009 Pre Budget Report as they'll effect our members. Most significant will be the anti avoidance rules aimed at offshore account holders. . . . keep reading
Employees working overseas and UK tax
07/12/2009
Employees working overseas and UK tax If you've been posted abroad of key importance will be your UK tax status. In this article we look at the UK tax issues including how both UK and overseas earnings are taxed, how to calculate the taxable amount and how to minimise it . . . 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 - New Forums
• Non dom taxation of mixed fund remittance
• Non-resident partner - subject to UK tax?
• Offshore Trustee
• Gaines Cooper Implications - 2
• Offsetting Loans Cost Against Capital Gains
• Separating Capital and Capital Gain
• Remittance Basis after 7 years
• Loan from an offshore Trust
• Working away from the UK
• Trading As/Ltd Co
Recent Forum Posts - Old Forums
• PPR and non-doms
• Non Dom Remittance
• Non Dom Remittance
• Capital Gain Tax
• Grandparents - Loans to grandchildren
• Trading ADR's on UK stocks create a remittance?
• Offshore trust and investments
• Offshore Directors of UK Company residency status
• Property to Ltd Company / Linked transactions
• Capital gains remitted abroad by non-dom
• Capital Gains Nightmare!!!
• Election to Offset foreign losses & gains
• Reducing tax bill on severance payment
• Becoming non residence after short time in UK
• Establishing non-residence
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.
Roderick 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