UK & Offshore Tax Planning Blog
Non UK residents often still retain UK bank accounts. A common question is whsther this opens the doors to any UK tax liability. In itself having a UK bank account would not involve any UK tax, however, of crucial importance is the source of the…
As a general rule the same tax implications arise when you let property to family, as when you let property to unconnected third parties. However there is one key exception. If you created an income tax loss by letting the property to family at a low…
If you are selling part of your main residence's grounds after you have sold the property you could run into problems in qualifying for principal private residence relief . This could occur if for example you are planning on retaining part of your…