UK & Offshore Tax Planning Blog
This is interesting. The new legislation states that when part of any proceeds are remitted this is classed as a remittance of the gain first (before the capital). So if proceeds were £1,000,000 and the gain was £300,000, you would elect the gain to…
Trusts have taken a bit of a hammering in recent years. With the trust tax rate now at 40% and the change to the inheritance tax regime and anti avoidance rules, they are increasingly less attractive as a means of providing for family members. The…
The PPR nomination applies where an individual or married couple occupy two properties as residences. It then allows them to choose which of the two residences will be the main residence for PPR relief purposes. In order to be a residence actual…