UK & Offshore Tax Planning Blog
As a non UK domiciliary you could choose to be taxed either on the remittance or arising basis. If you opt for the remittance basis you may be subject to the annual £30,000 tax charge. In this case at what level of overseas capital gain would it be…
If you were intending to dispose of second home, it would make sense to elect for this (lets call it property 2) to be your main residence before varying the notice in favour of your other residence (lets call this one Property 1), and electing this…
Based on the tax legislation Principal private residence relief is only available to: individuals and the trustees of settled property. However under ESC/D5 they will allow relief to any executor on the disposal of a house which both before and after…