UK & Offshore Tax Planning Blog
If you could get a full income tax deduction for the costs of your visits to and from your overseas rental property that could represent a very nice tax deduction. Not surprisingly though, the taxman looks to restrict this deduct as much as he can…
One way of using a limited company to reduce tax is as the managing partner in a limited liability partnership. Partnerships are transparent for tax purposes. Therefore where a partner is non-resident and the partnership income has a non-UK source…
Where certain conditions are met, allowable losses arising on a disposal of shares in a qualifying trading company can be claimed against income for Income Tax or CT purposes. To qualify the shares: - must be ordinary shares, and - must have been…