UK Tax Blog

UK & Offshore Tax Planning Blog

Is it worth reoccupying a property to reduce CGT?

If a property was previously your main residence you will be able to claim principal private residence relief to reduce the capital gain arising. However the last 36 months of ownership will automatically qualify for PPR relief as it's been your main…

Transferable nil rate band & more than one spouse

The new transferable nil rate band provisions apply so that part of a spouses unused nil rate band on death can be used on the death of their surviving spouse. If a survivor has remarried after they were widowed and were unfortunate enough to be…

UK bank account and tax for employee coming to work in the UK

If a foreign national comes to work for a UK company and retains non UK resident status there is usually no problem with opening a UK bank account to receive the salary. If the employee is non UK resident he would be exempt from UK income tax on…

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