UK Tax Blog

UK & Offshore Tax Planning Blog

Reduction in basic rate tax for 2009?

The pre budget report (or mini budget) as it's also known is due next week. There's been talk of the Chancellor reducing the rate of basic rate tax given the state of the economy. It's worthwhile noting what an event this would be. The rate of basic…

Purchasing overseas property in your own name or via a company?

If you own personally any disposal in the future would be taxed at 18%. In addition if you purchase it jointly with your spouse you will both have the annual CGT exemption to offset. Therefore you could for example sell properties over the course of…

Tax on the transfer of capital on a move to the UK

Anyone looking to move to the UK, may well have significant overseas capital that they wish to transfer to the UK. If this is overseas cash that has been acquired prior to UK residence, the capital can be transferred to the UK with no UK tax…

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