December 2010

Avoiding CGT on UK property by moving to Cyprus

Going overseas and selling UK property without being taxed in the UK or overseas is very attractive to many property investors. Even taking account of the various reliefs you can offset, unless you let the property to a trade it's likely that a…

Occupying UK property owned by an offshore company

Non Doms are often advised to purchase a UK property via an offshore company for inheritance tax reasons. However, what if the UK property is then occupied by the non dom or a member of his family? The main problem with using a company is that HMRC…

Scope of the remittance basis in Ireland

Individuals who are resident in Ireland are usually liable to tax on their worldwide income. However, non-Irish domiciled individuals ("Non-Doms") are liable only on the remittance basis in respect of income arising outside Ireland ('foreign…

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