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Displaying Matches 17 thru 32 of 101 Found. FIRSTBACK NEXTLAST
Non doms who claim the remittance basis of tax will usually lose the benefit of the UK personal allowance unless they have overseas unremitted income of less than £2,000. HMRC have however confirmed that there is one additional case where an individual could be entitled to claim the remittance basis but still qualify for the UK personal allowance. This arises when you are UK resident but also treaty resident overseas. This article looks in detail at this exemption...
Establishing that a trade exists can be highly advantageous when it comes to minimising your UK taxes on overseas property. This article looks at how you can still qualify for a 10% rate of CGT....
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...
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....
For any non doms looking at ways to hold assets abroad without being liable to the £30,000 or £50,000 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....
The £30,000 or £50,000 RBC is a significant sum 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 it....
Unless you sell an overseas property that is situated in a tax haven the chances are you'll have to pay some form of overseas tax on any profit you make on the disposal. With the UK rate of CGT at 18% or 28% obtaining relief for any overseas tax can make the difference between having a UK CGT liability or not. This article looks at how double tax relief applies to the sale of an overseas property....
Although there are now a raft of anti avoidance rules that apply to all sorts of offshore planning, for the well advised there are still opportunities available.In this guide we look at some of the top offshore tax planning opportunities still available and how you can use them....
If you hold assets standing at a substantial capital gain, arranging for the disposal free of capital gains tax could be very lucrative. Actually achieving this in practice though is not straightforward. This article looks at a variation on other planning techniques by using an emigrant beneficiary trust...
The Swiss "Lump Sum" (also known as the "Forfeit") regime has been a highly attractive option for UK expats looking to reduce their taxes. By paying a fixed amount of tax irrespective of their income, it can lead to a very low effective rate of tax. In this article we look at how Switzerland has become one step closer to ending this regime...
If you want to do business in another country two of the options you have are either (1)Incorporate a new company offshore and use this to carry out the overseas business, or (2)Establish a branch of the existing UK company and carry out the trade via the branch. This article looks in detail at how a foreign branch of a UK company is taxed in 2012...
Using an offshore subsidiary or branch to carry out an overseas trade can qualify for very advantageous tax treatment after April 2011. In this article we summarise the key tax issues involved with an overseas trade and look at the changes announced in the 2011 budget....
It's a pretty common scenario. You own your own home in the UK which you occupy as your main residence. At a later date you decide to emigrate, either permanently or for a temporary period. During this period overseas you may well let the property out, however, there may come a time when you decide to sell it. This article looks at the two main ways any capital gain can be mitigated....
'Can I use an offshore trust to buy a UK property and save UK tax?' - It's a common question that we're asked, particularly by non doms who may already have an offshore structure in place. In this article we'll look at the key UK tax implications of using an offshore trust to purchase a UK property....
Ever fancied emigrating to New Zealand? If you have, their transitional residence status offers some superb tax planning opportunities. In this article we look at the tax benefits of transitional residence in NZ and key points for you to bear in mind if you want to make the most of this attractive tax regime...
Question: I left the UK in March 2008 to live in the Canary Islands. I advised HMRC using form P85, and they appear (although they have never formally said so) to have accepted that I am now not resident in the UK. In the first year I spent 86 days in the UK and last year 68. I rented a house in the Canary Islands which was my permanent home and of which HMRC were advised. Although I was technically tax resident in Spain in 2008 and 2009 (over 180 days a year) there would be little additional tax to pay in Spain had I received a tax return. I receive income from a partnership in the UK and unavoidably (for now at least) pay UK tax and class 4 NI on this. The benefit to me at present is only in terms of UK CGT, tax on investment income and possible inheritance tax in the future. My biggest tax advantage will be on disposal of my UK business whenever that is. I have now decided to vacate the house in The Canaries and spend several months in the Far East (Thailand, Cambodia, Vietn...
Displaying Matches 17 thru 32 of 101 Found FIRSTBACK NEXTLAST