The UK personal allowance (currently £6,475 for most people) exempts a specific amount of income from the charge to income tax. Non UK residents are still charged to UK tax on UK income and therefore being entitled to claim the UK personal allowance…
With the rise in the rate of income tax from 40% to 50% next year introducing a corporate partner could be an option for any partnerships looking to reduce tax. How are partnerships taxed? Partnerships are treated as transparent entities for tax…
If you have a UK domicile of origin (ie you were born to UK domiciled parents) in order to lose UK domicile, you would need to establish an overseas country as a new domicile of choice. A domicile of choice involves both fact and intention. Therefore…