HMRC has released more details on how the new General Anti Avoidance Rule ("GAAR") could apply from April 2013. One of the negative aspects of the proposals is the absence of a statutory or informal clearance procedure to determine whether or not the…
The basic rule is that companies are associated if they are both controlled by the same person: If you own 51% or more of Company A, you control Company A. If you own 51% or more of Company B, you control Company B. The two companies are controlled…
If you are subject to the £30,000 or £50,000 tax charge the tax legislation states that you need to make a nomination of your overseas income or gains. You need to nominate some foreign income or gains, but you do not necessarily need to nominate the…