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· Dividend now always preferred to Bonus
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Latest Articles
Reducing your capital gains tax to 10% on overseas propertyReducing your capital gains tax to 10% on overseas property
Establishing that a trade exists can be highly advantageous when it comes to minimising your UK taxes on overseas property. This article looks at the new capital gains tax rules applying after April 2008 and how you can still qualify for a 10% rate of CGT. . . . keep reading

Download - UK tax residence calculatorDownload - UK tax residence calculator
If you're interested in finding out whether you could qualify as non UK resident try this simple tax calculator. By providing responses to a series of questions it assesses whether you are UK resident or not. . . . keep reading

Planning for the £30,000 remittance tax chargePlanning for the £30,000 remittance tax charge
This article looks at the current status of the provisions and exactly what you can do to minimise your tax bill. It considers how the £30,000 tax charge operates, the potential planning areas and the strategies you could put in place to avoid it. . . . keep reading

Checklist to avoid Capital Gains Tax when you emigrateChecklist to avoid Capital Gains Tax when you emigrate
Although the rate of CGT has now reduced to 18% on investment assets if this is still too high for you, one option is to move overseas and sell as a non UK resident. This area is a minefield and there are lots of tax issues to consider. With something as important as this it's useful to have a handy checklist to ensure you've covered all the key bases. This article highlights the main tax points for you to consider to make sure you can sell up free of UK capital gains tax. . . . keep reading

The real secret to becoming a tax exile and avoiding taxes foreverThe real secret to becoming a tax exile and avoiding taxes forever
Becoming a tax exile can allow you to completely avoid UK tax. As UK tax can be charged at rates of up to 40%, this can represent a significant saving. This article looks at who can become a tax exile, the tax benefits available and how to go about actually achieving it. . . . keep reading

Buying a property in Florida tax efficientlyBuying a property in Florida tax efficiently
If you're looking to buy an investment property in Florida establishing the most beneficial tax structure is crucial. You'll need to consider both the UK and US tax position. This article looks at both and considers the options available. . . . keep reading

Step by Step guide to completing the form P85 when you leave the UK to establish non UK residenceStep by Step guide to completing the form P85 when you leave the UK to establish non UK residence
You'll probably be completing a form P85 when you leave the UK to tell the Revenue of your departure. This article goes through in detail how to complete this form and includes step by step instructions including explaining why the Revenue want to know the information they're asking for. It includes screenshots of the actual form to illustrate the points. . . . keep reading

Splitting ownership to maximise entrepreneurs reliefSplitting ownership to maximise entrepreneurs relief
The fact that the £1,000,000 lifetime allowance for Entrepreneurs Relief purposes is per person means that there could be substantial tax advantages from splitting ownership. This article looks at the tax implications and opportunities from splitting ownership to maximise Entrepreneurs Relief and minimise capital gains tax on a company disposal. . . . keep reading

The top ten tax mistakes that UK expatriates makeThe top ten tax mistakes that UK expatriates make
Moving overseas is one of our favorite topics here at WealthProtectionReport.co.uk, and in keeping with this we thought it'd be useful to look at some of the mistakes that are commonly made by expatriates when they leave the the UK to avoid UK taxes. Have a read through these and make sure you don't fall into any of the traps! . . . keep reading


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Latest Capital Gains Tax Articles
How best to structure small scale overseas property developmentHow best to structure small scale overseas property development
With the advent of many low entry cost property development opportunities overseas an issue that is often important is what is the best structure for this. What we're considering here are small scale operations. The large investors will be likely to already have an established offshore structure in place - but what about the newbies - how should they proceed? . . . keep reading

Establishing a property as a main residence in 2008Establishing a property as a main residence in 2008
Establishing a property as a main residence can be very attractive in terms of reducing your tax charge on a future disposal. This is due to the fact that a property that has been occupied as a main residence will qualify for principal private residence ('PPR') relief. This article looks at some of the main points to consider when establishing a property as a main residence and also includes a handy checklist of 'evidence' that could prove invaluable in arguing a property was a main residence. . . . keep reading

Entrepreneurs relief for property developers?Entrepreneurs relief for property developers?
Entrepreneurs relief is effectively the successor to business asset taper relief and can provide for an effective tax rate of just 10% on certain qualifying disposals. Given this highly attractive rate of tax many non UK domiciliaries will be wondering whether they could qualify for it. This article explains when property developers could qualify. . . . keep reading

Can property investors minimise income and capital gains tax by using a corporate partnership?Can property investors minimise income and capital gains tax by using a corporate partnership?
Determining the most beneficial structure to carry out property investment activities is something that many property investors think about at some point. This article takes a look at an alternative structure using a corporate partnership. . . . keep reading

Claiming Principal Private Residence relief if you convert a house into flatsClaiming Principal Private Residence relief if you convert a house into flats
Anyone converting a house into flats should be concerned with any capital gain on a future disposal of the flats. If you have previously occupied the house or are planning to occupy the flats claiming principal private residence relief should be a key consideration. This article looks at this in detail . . . keep reading


latest tax articles

What to do and when to avoid Inheritance tax
04/07/2008
What to do and when to avoid Inheritance tax You're probably already aware of some inheritance tax planning tehcniques. The 7 year survivorship rule in particular is pretty well known, however in this article we look to bring it all together to tell you exactly what you can do and when to avoid inheritance tax. . . . keep reading
Be a business angel and invest in companies tax efficiently
02/07/2008
Be a business angel and invest in companies tax efficiently With the success of TV programmes such as 'Dragons Den' we're often approached by investors who are looking to invest in new businesses, but are keen to take advantage of any tax incentives that are available to them. This article goes through some of the available options to invest tax efficiently. . . . keep reading
An example of restructuring to reduce UK property tax
30/06/2008
An example of restructuring to reduce UK property tax 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
Are dividends now more tax efficient than a bonus?
27/06/2008
Are dividends now more tax efficient than a bonus? 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
Top 5 ways to reduce capital gains tax on a second property abroad
25/06/2008
Top 5 ways to reduce capital gains tax on a second property abroad Anyone that owns a second property abroad may be looking at ways to reduce the UK capital gains tax ('CGT') charge when they eventually sell it. Here's our top 5 ways to reduce CGT on a second property abroad . . . keep reading
Making the most of your tax free capital gains whilst non resident
23/06/2008
Making the most of your tax free capital gains whilst non resident If you're non resident it makes sense to make full use of your capital gains tax exemption wherever possible. This article looks at how you can use transfers to individuals, UK and offshore companies and trusts to hold assets free of UK capital gains tax. . . . keep reading
Top 10 tax planning tips for expatriates
20/06/2008
Top 10 tax planning tips for expatriates 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
Reducing your capital gains tax to 10% on overseas property
18/06/2008
Reducing your capital gains tax to 10% on overseas property Establishing that a trade exists can be highly advantageous when it comes to minimising your UK taxes on overseas property. This article looks at the new capital gains tax rules applying after April 2008 and how you can still qualify for a 10% rate of CGT. . . . keep reading
Save Inheritance Tax of up to £370,000 on your Investment Properties
16/06/2008
Save Inheritance Tax of up to £370,000 on your Investment Properties With rates of inheritance tax at 40%, this can represent a huge chunk of your wealth that goes to the taxman. Anyone with a substantial estate will therefore be looking at opportunities to reduce the potential Inheritance tax charge in the future. This article looks at the use of trusts to avoid both inheritance tax and capital gains tax . . . keep reading
Can non doms raise debt over exempt assets to avoid the remittance rules?
13/06/2008
Can non doms raise debt over exempt assets to avoid the remittance rules? 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
How best to structure small scale overseas property development
11/06/2008
How best to structure small scale overseas property development With the advent of many low entry cost property development opportunities overseas an issue that is often important is what is the best structure for this. What we're considering here are small scale operations. The large investors will be likely to already have an established offshore structure in place - but what about the newbies - how should they proceed? . . . keep reading
How should you own your property to reduce tax and protect your assets?
09/06/2008
How should you own your property to reduce tax and protect your assets? How you own your home can be very important. As most couples will buy a house between them it's useful to understand the different options available and the impact this will have in terms of the tax position on any disposal as well as the rights of any future creditors. . . . keep reading
Tax Saving Tactics for Non Doms
Tax Saving Tactics for Non Doms This unique tax planning book is essential reading for all non doms. It gives you the lowdown on the latest rules as well as what you can and can't do to reduce your UK taxes. It looks in detail at the many new exemptions and concessions available and is invaluable for any non doms looking to make the most of the new loopholes. . . . keep reading

How Non Doms can still have a tax free overseas investment portfolio
06/06/2008
How Non Doms can still have a tax free overseas investment portfolio The new tax rules for non doms make it less attractive for many non doms to claim the remittance basis, especially if they're long term UK residents. This article looks at how they can still have significant overseas investment assets and escape UK tax . . . keep reading
Can non doms use a company to avoid the £30,000 tax charge?
04/06/2008
Can non doms use a company to avoid the £30,000 tax charge? The £30,000 tax charge is a huge blow for many non doms and arranging your affairs to ensure you won't have to pay this additional tax charge is crucial. This article looks at whether you can hold overseas investments via a company to avoid the £30,000 tax charge. . . . keep reading
When the 7 year inheritance tax survivorship period can be avoided
02/06/2008
When the 7 year inheritance tax survivorship period can be avoided It's well known that you can make gifts of any assets within your estate and provided you survive for seven years they will be free of inheritance tax. This applies for transfers to trusts as well as individuals. However, if you or your relatives are old or infirm seven years may be too long. This article looks at the options for reducing inheritance tax without needing to survive for seven years . . . keep reading
Could your relations challenge your will?
30/05/2008
Could your relations challenge your will? Although it's not a tax planning area, it's nevertheless something that many people feel strongly about. If your assets are yours you should be able to leave them to whosoever you wish. This article takes a look at how safe the terms of your will are. . . . keep reading

Is it worth reoccupying a property before sale to reduce CGT?
28/05/2008
Is it worth reoccupying a property before sale to reduce CGT? This is a common question that our members have so we've devoted an article to it to explain the tax position. If you have a property that you have occupied as a main residence or you intend to do so in the future, this article tell you what you need to know about reoccupying it before a disposal. . . . keep reading
When will the Revenue question non residence status?
26/05/2008
When will the Revenue question non residence status? Knowing when the Revenue will question non residence status is essential to ensure that you don't get inadvertently caught out. This article looks at one instance where the Revenue can and do question non residence status. . . . keep reading
Non doms and overseas property in 2008
23/05/2008
Non doms and overseas property in 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
Will you be subject to UK national insurance contributions when working abroad?
21/05/2008
Will you be subject to UK national insurance contributions when working abroad? If you've been posted abroad as well as assessing whether you'll be subject to UK income tax, you'll need to consider whether you'll subject to UK national insurance on your salary. This will primarily depend on the status of the country where you'll be working. This article looks at the different options available. . . . keep reading
How the new offshore trust and company anti avoidance rules apply in 2008
19/05/2008
How the new offshore trust and company anti avoidance rules apply in 2008 Offshore trusts and companies are potentially very attractive in reducing UK income tax. The downside are the anti avoidance rules that apply. If you're caught by them the UK tax benefits are in many cases eliminated. This article looks at how the anti avoidance rules apply in 2008. . . . keep reading
How to make the most of the Non UK domiciliary rules after April 2008
How to make the most of the Non UK domiciliary rules after April 2008 After the April 2008 tax changes the treatment of non doms has changed significantly. This article looks at how you can still use your non dom status to pay less tax . . . keep reading
UK tax for resident non domiciliaries working abroad after April 2008
16/05/2008
UK tax for resident non domiciliaries working abroad after April 2008 The 2008 tax changes for non doms have brought a lot of changes. This article looks at how non doms working abroad after April 2008 will be taxed in the UK. . . . keep reading
Reducing UK tax when you sell UK property as a non resident
14/05/2008
Reducing UK tax when you sell UK property as a non resident Many non residents are looking to sell UK property. Ascertaining whether to sell whilst abroad or after a return to the UK can have important tax implications. This article looks at the UK tax position and the reliefs and exemptions available. . . . keep reading
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