February 2009

Tax on returning to the UK after non UK residence

If you return to the UK after a period of non UK residence you will need to consider your UK tax position. As a general rule you will be subject to UK income tax as from the date that you return back to the UK. You will be subject to CGT on gains in…

Countries that don't tax worldwide income

If you're looking to establish residence in a country that does not tax worldwide income there are three broad choices: Firstly you could opt for a country that levies tax on a territorial basis. This includes countries such as Panama, Costa Rica…

Loss carry back for furnished holiday lettings

The PBR introduced a new loss carry back rule that applies for accounting periods ending between 24 November 2008 and 23 November 2009 (for companies) and in tax year 2008/2009 (for unincorporated businesses). As well as the existing 1 year carry…

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