FREE DOWNLOAD: Using An Offshore Finance Company To Reduce UK Tax
Many international groups of companies use an offshore finance company to reduce their tax burden.
There's nothing to stop other UK companies trading overseas from using a similar strategy.
In this mini guide we look at how this can be achieved in more detail, but in essence the aim is to incorporate an offshore subsidiary company that will be used to lend funds to other group companies. Loans will be at the market rate and the interest will usually be deductible for the trading companies that pay the interest.
By establishing the finance company offshore it is also likely to be exempt from foreign tax on the profits.
About the Author
The Author of "Using offshore finance companoes to reduce UK tax" is our site Editor, Lee Hadnum. Lee is a rarity among tax advisers having both legal and chartered accountant qualifications. After qualifying a prize winner in the Institute of Chartered Accountants exams, he also went on to become a chartered tax adviser (CTA).
He worked in Ernst & Youngs Entrepreneurial Services department for a number of years before setting up his own tax planning practice. He is now a full time tax author.
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Using An Offshore Finance Company To Reduce UK Tax
Other FREE WPR Guides
WPR members can also download other guides for free including:
Offshore Companies Holding UK Property From 2013
Emigration Tax Planning For 2012 & 2013
Setting Up Offshore Subsidiaries To Reduce Taxes
Tax Residence In 2012 & Beyond
Tax Planning Techniques Of The Rich & Famous
Tax Planning For Overseas Property