Practitioners Zone continued
- Article Dates:
- 2013
- All Months
Displaying Matches 1 thru 16 of 17 Found. NEXTLAST
On a sale of a business, HMRC has previously accepted that goodwill can be classed as either Personal, Inherent, Free or Adherent. They have now issued new guidance on how they will value goodwill. In this Practitioners Article we look at the changes...
The inconsistencies of the non-dom remittance rules are well known. Indeed rigid application of the principles can lead to some baffling results. In this Practitioners article we look at some of the latest HMRC revisions to their remittance guidance...
Market value disposals are fairly common for CGT purposes. Inheritance tax uses the concept of the amount by which the estate has reduced to calculate a transfer. However, chargeable consideration for SDLT purposes is usually much more attractive. In this article we look at when market value applies for SDLT and how to calculate it...
Identifying when a property is occupied as a residence is essential for determining whether the property will, or will not, qualify for any principal private residence relief on disposal. This article for our Practitioner Members looks at a few recent decisions...
In the past it used to be a pretty popular tax planning opportunity. You'd retain ownership of your rental properties in your own name and set up a property management company. The rates of corporation tax, income tax and CGT have may have changed significantly but it's still worth asking is the property management company a useful tax saving opportunity?...
Fiscal nomads look to avoid being tax resident in any overseas jurisdiction. Where someone leaves the UK its often asked whether they can establish non residence if they won't be basing themselves in a particular overseas country. In this article we look at tax residence both before and after April 2013 for fiscal nomads...
Tax Question: I was hired by a company in the uk and then this company hired me out to work for one of their italian companies and now this italian company wants to hire me direct. I will always be based in the UK and continue to travel when needed to Italy. My question is how does the tax work...
Buying property without a deposit, commonly referred to as `gifted deposits` are becoming popular as more savvy investors are looking for increasing opportunities for no money down deals, and releasing equity as soon as possible for further investments. The question arises how these cash backs and gifted deposits are treated for UK tax purposes?...
There are numerous occasions when it can be tax efficient to crystallise capital gains (eg to make effective use of losses or to take advantage of the CGT exemption prior to becoming UK resident). In this article we look at some more advanced strategies for crystallising capital gains...
Understanding exactly what a double tax treaty says, and what it means can be very important. Although it's generally best left to professionals there's no harm in having a general understanding of what these tax treaties mean. This will then allow you to have a look at the treaty implications for yourself, before getting a tax review by a professional. We take a look at the UK-Spain tax treaty in detail...
For an "onshore" jurisdiction the UK company provides a lot of potential benefits as an international holding company. In this article we look at precisely how a UK company can be used tax efficiently as a holding company...
The arising basis only applies to income or gains that actually arise in a particular tax year. If you go from claiming the remittance basis to the arising basis, your unremitted income from previous years is not automatically taxed. Only when remitted to the UK will you be subject to UK tax. In this article we look at tax planning for non-doms remitting income from previous years...
The new UK-Spain double tax treaty was signed on 14th March 2013. Although the treaty needs to be ratified yet it's likely it will enter into force during this year. In this article we look at changes arising from the new treaty and compare it to the current treaty....
THIS DEED OF GIFT is made the day of 2014 BETWEEN of in the County of (hereinafter called "the Donor") of the one part and of in the County of (hereinafter called &qu...
Following a request from one of our site members we've looked in more detail at the question of where you have your home, for the purposes of the new Statutory Residence Test (SRT). This is unfortunately one of the least clear areas of the SRT but can determine residence status...
In this report we look in detail at an example of how to reduce the effective tax rate from 60% to just 20%. We walk through the process with step by step instructions showing how this is achieved....