Offshore protection continued
- Article Dates:
- 2008
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Displaying Matches 1 thru 16 of 20 Found. NEXTLAST
For anyone owning overseas assets it's worthwhile noting that as well as capital gains tax on overseas assets (eg property or shares) you may also need to consider the capital gains tax position of the overseas currency itself. This article looks at the capital gains tax position of foreign currency...
If you look at offshore companies or trusts on the internet you'll see these mentioned quite a lot. You'll see Foundations offered in lots of jurisdictions, but Panama and Liechtenstein tend to be popular. This article looks at how Panama Foundations are treated for UK tax purposes...
There's plenty of advice to non doms who are subject to the remittance basis of tax to avoid 'remitting' income or gains but what exactly does this mean? This article looks at the general rules and impact of the court decisions that apply in this area...
The provisions in the 2008 Finance Act apply a new £1,000 exemption for remittances of overseas property. This allows non doms to avoid being subject to income tax on these remittances. This article looks at how the exemption operates and how non doms can make the most of this to remit much larger sums free of income tax....
As requested by one of our members we've looked through the latest Finance Act and compared this with the previous Finance Bill that was issued at the beginning of the year. We've focused on the changes to the remittance basis and have had to go through both versions with a fine tooth-comb to highlight the changes....
If you're planning on obtaining an overseas mortgage to purchase a property in the UK you should ensure that you carefully consider the tax implications, particularly given the changes that apply after April 2008.This article looks at the current tax position of offshore mortgages....
If you're looking to purchase an overseas property (or any other other asset) you're likely to suffer an exchange gain or loss at some point. It's therefore well worthwhile understanding how these exchange gains and losses will be treated for tax purposes, and the options available....
Establishing a company as non UK resident can be very attractive for UK tax purposes. The main benefit is that any profits from an overseas trade would be fully exempt from UK corporation tax. In this article we look at whether, if you're UK resident and live in the UK, you can establish an overseas company, ensure it's controlled from abroad and avoid UK taxes? |Image1|...
Where you have retained cash balances within a company, it's important to be able to access the cash tax efficiently. This is particularly the case if you've left the UK and want to extract the cash whilst non UK resident. This article looks at extracting cash from companies if you're UK resident or non UK 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....
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...
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?...
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....
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....
The 2008 Finance Bill was published on 27 March 2008. It's a huge document and over the course of the next few weeks we'll be looking at some of the key provisions in detail. It has fleshed out the earlier guidance from the Revenue and allows detailed analysis of the tax planning opportunities. In this article we provide a summary update of some of the key provisions and changes to the original proposals....
The 2008 budget changed and to a large extent watered down a number of the original provisions to apply non UK domiciliaries after 5 April 2008. This article takes at look at some common Q&A's that people may have regarding the new rules in light of the budget changes....