UK & Offshore Tax Planning Blog
For inheritance tax purposes it is the value of any assets at the date of death that is taken into account. However if the executors subsequently sell certain assets such as shares at a loss there is a special relief that can be claimed. In simple…
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…
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…