June 2009

Can you choose where to pay tax?

A common question is 'Can you choose where to pay your tax?'. In other words if you're a non UK resident and are selling a UK asset can you choose whether to pay tax in the UK or overseas? This is most common where the UK asset that is being sold is…

UK bank accounts and working in the UK

If a foreign national comes to work for a UK company and retains non UK resident status there is usually no problem with opening a UK bank account to receive the salary. If the employee is non UK resident he would be exempt from UK income tax on…

Become a non executive director to reduce CGT

If you are planning to make an investment into an unquoted company, you should be considering the capital gains tax position on a future disposal. The rate of CGT is now 18% and this applies to all investors. However if the company is a trading…

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