UK & Offshore Tax Planning Blog
Splitting a disposal over more than 1 tax year can be very advantageous in reducing capital gains tax as this can then allow another annual exemption to be offset. If an asset is owned jointly between husband and wife this can represent almost an…
It may be the case that you own a property but cannot occupy it as a main residence immediately after the date of purchase. When you sell that property you may be looking to claim principal private residence relief to reduce any capital gains tax…
In general terms the tax liability of a company is determined by its residence status. If it's UK resident it's charged to UK corporation tax on its worldwide income and gains. If its non resident it's only charged to tax on profits from a UK trade…