Entrepreneurs Relief applies to the disposal of trading businesses and also shares in certain trading companies. It's a valuable tax relief as it can reduce the capital gains tax rate to 10% on gains of up £10,000,000 (after April 2011). Non UK…
Broadly speaking there are two options to extract cash from the trust: • Income distribution • Capital distribution Income distributions Distributions of income to a UK beneficiary are subject to UK income tax. Capital distributions Capital…
If you have between £2,000 and £10,104 in overseas income and capital gains you should consider keeping £1,999 overseas where it will be tax free. This applies no matter how long you've lived in the UK. That leaves income of up to £8,105. This should…