Offshore protection continued
- Article Dates:
- 2014
- All Months
Displaying Matches 1 thru 11 of 11 Found.
Tax Question: Dear Sir/Madam, I have a question regarding a UK company as an agency of the off-shore company. I have read your articles and understand that a UK company can act as an agent of the offshore company as long as it is on arms length basis. What confuses me is the UK trade, which is why I am raising this question: Scenario A non - UK resident [wife] will be the director and shareholder of the off-shore company incorporated in a tax free haven. My client [husband], who has been a UK resident for the last 10 years will be the sole director/shareholder of the UK company. My client usually spend around 100 days in UK every year and could look into spending less. He has been a UK resident in the last 3 years but could look into being non-resident in 2015/16. However he will still have to come to UK for at least 60-90 days to deal with the clients. Now, the UK limited company, will get into contracts with the customers [based in UK], invoice them, receive the money into the...
The "transfer of assets abroad" anti avoidance rules, apply to anyone using an offshore entity. This will catch UK residents owning interests in offshore companies, offshore trusts and overseas foundations and will tax offshore income on UK residents. This article looks at the position of a gift to a non UK resident individual and whether the anti avoidance rules could still apply...
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...
Displaying Matches 1 thru 11 of 11 Found