UK & Offshore Tax Planning Blog
One of the often overlooked implications of a transfer to an offshore company is that it is a chargeable lifetime transfer ('CLT') for inheritance tax purposes. This arises because a PET only applies to a transfer to another individual. Therefore…
From 6 April 2012 people who leave at least 10% of their net estate to charity can pay a reduced rate of Inheritance Tax (IHT) of 36% instead of 40%. This new relief is significant for anyone with an existing Will or anyone looking to make a new one…
It's well known that non resident landlord who let UK property are subject to basic rate tax at source (currently 20%). They have a choice either to accept this or file to receive the rents gross and then account for income tax via the normal self…
