Using Offshore Companies and Offshore Trusts to reduce UK tax


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home | Offshore Companies

Using Offshore Companies and Offshore Trusts to reduce UK tax

This section includes articles on when offshore companies and offshore trusts can be used to reduce your UK income tax, capital gains tax and inheritance tax liabilities.

How offshore trusts and companies are taxed after April 2008
10/04/2008

There have been a number of tax changes - particularly to non UK domiciliaries that apply from April 2008. As such this article in intended as a summary of how UK residents will be taxed in relation to any offshore trusts or companies that they set up or are beneficiaries/shareholders of. . . . keep reading

Buying a property in the UK via an offshore company as a non UK domiciliary
04/04/2008

A common tax planning technique for non UK domiciliaries is to purchase a UK property via an offshore company. The advantage of this is principally in terms of Inheritance tax, as a non UK domiciliary would be exempt from UK IHT on the overseas shares. We'll take a look at some of the practicalities in this article. . . . keep reading

UK tax for UK resident & domiciled individuals receiving money from an offshore trust
14/02/2008

If you're a UK resident domiciliary receiving money from an offshore trust you should ensure that you know the UK tax implications of the receipts. This article looks at when and how the receipt can be taxed. . . . keep reading

Can Non Doms still buy foreign property through an offshore trust to save tax?
09/02/2008

Using overseas trusts can be effective particularly for non UK domiciliaries considering purchasing foreign property. This article looks how and when non UK domiciliaries could use an offshore trust to purchase foreign property tax efficiently after the 2008 tax changes. . . . keep reading

Can Non Doms use offshore companies to save UK tax after the 2008 draft legislation?
27/01/2008

The recent draft legislation on residence and domicile has made a number of changes to the tax treatment of Non UK domiciliaries living in the UK. As well as the more 'headline grabbing' changes there have also been changes to the application of the anti avoidance rules on non doms using offshore companies. This article looks at the changing tax treatment of non doms using offshore companies and what tax saving opportunities still remain . . . keep reading

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

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

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

A closer look at the anti avoidance rules that can stop you buying property through an offshore company

If you're buying property, particularly overseas property, it can be tempting to be swayed by the perceived tax advantages of purchasing via an offshore company. However, what you need to take into account is the impact of the anti avoidance rules. This article looks at the anti avoidance rules in detail and how they apply to purchasing a property through an offshore company. . . . keep reading

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

How to avoid the tax rules that can scupper your plans to use an offshore trust for property purchases

Using an offshore trust to avoid capital gains tax is a popular tax avoidance strategy. However, there are a number of anti avoidance rules that apply to UK residents planning on using an offshore trust. This article looks at when you can and can't use an offshore trust to avoid UK capital gains tax. . . . keep reading

Offshore tax article - How to use a company to purchase Spanish property and slash your taxes

Following on from our article on buying Spanish property this looks at whether you should use a company to purchase your Spanish property - and if you do what the tax implications will be. This covers the UK and Spanish tax implications of using a UK company, Spanish Company, Offshore company or an Offshore trust. . . . keep reading

Offshore tax article -- Should you own an overseas company directly or via an offshore trust if you want to minimise future capital gains tax?

Using an offshore company to hopefully avoid or minimise UK tax is frequently of interest to anyone looking to trade overseas. The broad plan is often to incorporate a tax haven company (eg in the BVI) and use this to carry out the overseas activities before eventually selling the business. This article looks at which is the best ownership structure if you're looking to minimise UK capital gains tax on a future disposal of the company or trade. . . . keep reading

Can you use an offshore recharging company to reduce your UK corporation tax charge?
Offshore sheltering is one of the most common plan's that UK resident entrepreneurs have to reduce UK taxes. This article looks at using offshore companies and what you can and can't do. . . . keep reading

Using an offshore segregated cell company to avoid UK tax
Here's something a bit different. Over the past few years a new form of corporate entity has been developed in a number of offshore jurisdictions. Places such as the Seychelles, Bermuda and the Channel Islands have introduced the concept of the segregated or protected cell company. It was primarily designed for the offshore insurance market but for the creative thinkers amongst you, it could be adapted to other situations, such as trading or property investment. We've had a look at some of the possible UK tax and asset protection implications . . . keep reading

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