UK Tax Blog

UK & Offshore Tax Planning Blog

Holding UK property via offshore company

There are significant disadvantages to holding your UK main residence via an offshore company if you are a UK resident shareholder. If you owned the property personally any gain would be exempt due to principal private residence ('PPR') relief…

Tax advantages to investing in AIM shares

It's often asked whether there are tax advantages to investing in AIM shares after the 2008 changes. There are but the main benefit (which was the potential for an effective 10% rate of CGT on disposal) no longer applies to most investors. Instead…

Change of personal allowance to £6,035

Here's an update on the chancellors changes to income tax following the recent politicking on the 10p tax issue. Darling has decreed that the personal allowance will increase to £6,035 in the current tax year (previously announced £5,435) and that to…

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