Practitioners Zone continued
- Article Dates:
- 2011
- All Months
Displaying Matches 1 thru 11 of 11 Found.
Many Middle Eastern investors look to invest in UK property, and with the current low prices it can represent a good buying opportunity for the savvy investor. In this article we look at the tax treatment of UK property investments using Ijara structures and how this has now changed due to the provisions in the new UK-Saudi Arabia double tax treaty....
This is an issue that is commonly raised. Just because a non resident is trading in the UK does this necessarily mean that HMRC can collect the tax? If there are no or only limited provisions to collect the tax this would in practice restrict the actual UK liability. In this article we look at how HMRC can collect tax from non residents and when the provisions won't apply...
Individuals are subject to an 18% or 28% rate of capital gains tax when they sell assets. If they're selling a business or an interest in a business they can reduce the rate of CGT to 10%. But what about completely avoiding CGT? In this Practitioner Zone article we look at one strategy using a company and the substantial shareholding exemption to completely avoid capital gains tax...
If you want to leave the UK during a tax year and establish non residence from the date of departure one of the best ways is to leave the UK under a full time contract of employment. This article looks at whether you can 'post' yourself overseas as an employee of your own UK company...
Establishing non UK residence and then selling free of CGT is one of the most straightforward options for avoiding CGT. However, most people would now need to remain non resident for at least 5 complete tax years to avoid the gain being charged in the tax year of their return. This Practitioner Zone article looks at when you don't need to be non resident for 5 tax years to be exempt from CGT...
Many non doms living in the UK will be within the scope of UK inheritance tax ('IHT') on the basis that they have the UK as their deemed domicile. This will be the case if they've been resident in the UK for 17 or more of the last 20 tax years. In this article we look at the UK tax implications of moving abroad to lose deemed domicile...
On a sale of shares you'll only qualify for Entrepreneurs Relief if the company is an unquoted trading company (or the holding company of a trading group). In this article we look at when and how holding cash in a company can restrict Entrepreneurs Relief and how you can still qualify for the 10% rate of CGT...
If you're planning to leave the UK to avoid CGT, ensuring that you correctly time any disposal is crucial. The benefit of course is that individuals who are non UK resident and non UK ordinarily resident are usually exempt from UK CGT on investment assets. In this article we look at the importance of timing and the main occasions when HMRC can argue there is still a UK CGT charge even though you sold as a non UK resident...
One of our longstanding members has submitted a question which we think would be of interest to many other members considering using offshore companies. In this article we look at potential problems with using an offshore company....
We've had a few e-mails from members concerned about articles in the newspapers that state that HMRC are challenging non residence when an individual spends more than ten working days in the UK in a tax year. In this article we look at this change and clarify the position....
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....
Displaying Matches 1 thru 11 of 11 Found