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Order 2009 Editions Of Our Books! |
Tax Saving Tactics for Non Doms
This unique tax planning book is essential reading for all non doms. It gives you the lowdown on the latest rules as well as what you can and can't do to reduce your UK taxes. It looks in detail at the many new exemptions and concessions available and is invaluable for any non doms looking to make the most of the new loopholes. . . . keep reading
Non Resident and Offshore Tax Planning
This best selling offshore tax planning book tells you what you need to know to take advantage of offshore opportunities and slash your UK tax bill. It's a pretty comprehensive look at plenty of offshore tax planning techniques including residence, domicile, emigration, using offshore companies and trusts, buying property overseas and much more. . . . keep reading
The Worlds Best Tax Havens
How to use tax havens to reduce your tax bill. The first half of the book goes through what you need to know about 25 of the worlds top tax havens. The second part actually looks at the techniques that you can adopt to use these tax havens to slash your tax bill. . . . keep reading
These books have all been written by our Site Editor.
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Latest Articles on Emigration |
Changes to the personal allowance for non residents from April 2010
The UK personal allowance (currently £6,475 for most people) exempts a specific amount of income from the charge to income tax. Non UK residents are still charged to UK tax on UK income and therefore being entitled to claim the UK personal allowance can be very beneficial. There were a number of changes to the ability of non residents to claim the personal allowance which were announced in the 2009 Budget. This article looks in detail at the effect of the changes . . . keep reading
Non residence after the new guidance in HMRC 6
The Revenue has published new guidance for anyone considering establishing non UK residence, in HMRC 6. The previous guidance (which was in IR20) has been withdrawn. In this article we look at the changes in the new and old guidance for anyone looking to move abroad and establish non UK residence . . . keep reading
Traders moving overseas and NIC
We were asked about this in a post on our forum so we've researched the position in detail. This article looks at the class 2 and class 4 NIC position for anyone self employed moving overseas . . . keep reading
Directors, UK tax & double tax treaties
Directors moving abroad should ensure that they carefully consider their tax status. The terms of double tax treaties in particular can have a big impact on how directors are taxed. This article looks at how double tax treaties impact on directors based overseas . . . keep reading
Establishing non residence for tax purposes by going abroad as an employee of your own company
If you want to leave the UK during a tax year and establish non residence from the date of departure one of the best ways is to leave the UK under a full time contract of employment. This article looks at whether you can 'post' yourself overseas as an employee of your own UK company . . . keep reading
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Latest Capital Gains Tax Articles |
Establishing a property as a main residence in 2009
Establishing a property as a main residence can be very attractive in terms of reducing your tax charge on a future disposal. This is due to the fact that a property that has been occupied as a main residence will qualify for principal private residence ('PPR') relief. This article looks at some of the main points to consider when establishing a property as a main residence and also includes a handy checklist of 'evidence' that could prove invaluable in arguing a property was a main residence. . . . keep reading
Make the most of the drop in property prices to restructure property investments
If you have investment properties owned by a company you may be able to take advantage of the decrease in property prices to restructure the ownership and substantially reduce the ultimate capital gains tax charge on disposal.This article looks at the tax implications. . . . keep reading
How best to structure small scale overseas property development
With the advent of many low entry cost property development opportunities overseas an issue that is often important is what is the best structure for this. What we're considering here are small scale operations. The large investors will be likely to already have an established offshore structure in place - but what about the newbies - how should they proceed? . . . keep reading
How UK residents can use a Singapore company to avoid UK capital gains tax
Using overseas companies to avoid UK capital gains tax is an established form of tax planning. Unfortunately if you wanted to use this technique to avoid CGT nowadays it's subject to numerous anti avoidance provisions. This article looks at one way to circumvent the anti avoidance rules. . . . keep reading
Entrepreneurs relief for property developers?
Entrepreneurs relief is effectively the successor to business asset taper relief and can provide for an effective tax rate of just 10% on certain qualifying disposals. Given this highly attractive rate of tax many non UK domiciliaries will be wondering whether they could qualify for it. This article explains when property developers could qualify. . . . keep reading
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Latest Articles for Non Domiciliaries |
Nominating income and gains for the £30,000 remittance basis tax charge
As you're no doubt aware, any (adult) non doms who have been UK resident for at least 8 tax years will be required to pay an annual £30,000 tax charge if they want to claim the benefit of the remittance basis. In this article we look at exactly how the £30,000 tax charge is levied and in particular how you'll need to nominate unremitted income or gains . . . keep reading
HMRC Q&A's on 2009 Budget Changes for Non Doms
We looked at the 2009 budget changes for non doms in a previous article (Non Doms and the 2009 Budget). However, HMRC have provided some guidance as to how the new provisions will apply. In this article we look at the impact of the changes taking into account the recent HMRC guidance. . . . keep reading
Tax structuring for international professional services - case study
Many members are interested in the various options for structuring an international professional services business. In this article we look at the income tax, corporation tax and capital gains tax implications of the various structuring options, including using a UK or offshore company. . . . keep reading
Foreign footballers using offshore companies for UK property
It's been reported that foreign footballers have been using offshore companies to purchase UK property. This can be advantageous in terms of avoiding UK tax, and in this article we look at exactly how using an offshore company can be a benefit in purchasing UK property. . . . keep reading
Tax position on the remittance of pre 2008 capital gains
Following a post in our forum we've looked in detail at the position of capital gains that arise before April 2008 but are subject to the remittance basis. In this article we analyse the tax provisions to assess how remittances after April 2008 will be treated . . . keep reading
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Questions on UK-US Inheritance Tax/Estate Tax treaty
Question: In accordance with the UK-US Inheritance Tax/Estate Tax treaty. Under Article 4: what would make an UK domicile a US resident? (Would this be by virtue of having resided in the US for a term of years i.e., 3 years)? Under Article 5: would an individual still be considered a national of the other country if one can assess which country is the domicile based on this rule (despite being both a US resident and UK domiciled) or would an individual be taxed on all US and UK assets if the individual was both US resident and UK domiciled? (regardless of the rule). . . . keep reading
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Review of treaty residence and the 'tie breaker' rules
03/07/2009
Where you're resident in the UK and overseas under the terms of a relevant double tax treaty you'll need to look at the treaty 'residence' article to determine in which country you are treaty resident. In this article we take a detailed look at treaty residence and at the operation of the tie breaker rules . . . keep reading
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Nominating income and gains for the £30,000 remittance basis tax charge
01/07/2009
As you're no doubt aware, any (adult) non doms who have been UK resident for at least 8 tax years will be required to pay an annual £30,000 tax charge if they want to claim the benefit of the remittance basis. In this article we look at exactly how the £30,000 tax charge is levied and in particular how you'll need to nominate unremitted income or gains . . . keep reading
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Using a bare trust to reduce CGT
29/06/2009
There are different types of trusts. Bare trusts are completely different for tax purposes from discretionary trusts. In this article we look at exactly how bare trusts operate and most importantly how you can use them to reduce CGT . . . keep reading
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Tax analysis of Northern Cyprus v Southern Cyprus
26/06/2009
Following a post on one of our forums we've looked in further detail at the tax position of Southern Cyprus compared with Northern Cyprus. This article compares the income tax, capital gains tax and inheritance implications of UK residents emigrating to Northern Cyprus ('TRNC') as opposed to Southern Cyprus . . . keep reading
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HMRC Q&A's on 2009 Budget Changes for Non Doms
24/06/2009
We looked at the 2009 budget changes for non doms in a previous article (Non Doms and the 2009 Budget). However, HMRC have provided some guidance as to how the new provisions will apply. In this article we look at the impact of the changes taking into account the recent HMRC guidance. . . . keep reading
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Investing in commercial property tax efficiently
19/06/2009
Investing in commercial property is still popular, even given the current economic climate. In this article we look at the income tax, capital gains tax and inheritance tax implications of investing in commercial property . . . keep reading
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How distributions from offshore trusts to UK residents are taxed
17/06/2009
Beneficiaries of offshore trusts will be looking at how to extract cash from the trust tax efficiently. Broadly speaking there are two options, either (1) an income distribution or (2) a capital distribution. This article looks at the UK tax implications of extracting cash as income or capital from an offshore trust . . . keep reading
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Splitting a company's activities to reduce tax
15/06/2009
Companies frequently generate more than one source of income. You may have started a trade of X and then later gradually moved into new and completely separate areas whilst still retaining the original trade. You may also use the company to purchase investment assets (eg property or shares). In this article we look at tax planning options to separate the diffent trading/investment elements in the company . . . keep reading
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Changes to the personal allowance for non residents from April 2010
10/06/2009
The UK personal allowance (currently £6,475 for most people) exempts a specific amount of income from the charge to income tax. Non UK residents are still charged to UK tax on UK income and therefore being entitled to claim the UK personal allowance can be very beneficial. There were a number of changes to the ability of non residents to claim the personal allowance which were announced in the 2009 Budget. This article looks in detail at the effect of the changes . . . keep reading
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Capital gains tax and offshore foundations
08/06/2009
The tax treatment of capital gains which arise to offshore foundations is a complex and uncertain area. It's made more complex by the fact that there is no definitive guidance on exactly how a foundation is treated for UK tax purposes. Strictly speaking it is treated as a corporate vehicle but it displays some of the characteristics of a trust. This has led to a certain degree of overlapping in the provisions. In this article we look at how the capital gains tax anti avoidance rules could apply to offshore foundations. . . . keep reading
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Non residence after the new guidance in HMRC 6
05/06/2009
The Revenue has published new guidance for anyone considering establishing non UK residence, in HMRC 6. The previous guidance (which was in IR20) has been withdrawn. In this article we look at the changes in the new and old guidance for anyone looking to move abroad and establish non UK residence . . . keep reading
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Using a corporate partner to avoid tax
03/06/2009
With the rise in the rate of income tax from 40% to 50% next year introducing a corporate partner could be an option for any partnerships looking to reduce tax. In this article we look at how using a corporate partner could be very effective in reducing tax . . . keep reading
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Foreign footballers using offshore companies for UK property
01/06/2009
It's been reported that foreign footballers have been using offshore companies to purchase UK property. This can be advantageous in terms of avoiding UK tax, and in this article we look at exactly how using an offshore company can be a benefit in purchasing UK property. . . . keep reading
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Tax position on the remittance of pre 2008 capital gains
29/05/2009
Following a post in our forum we've looked in detail at the position of capital gains that arise before April 2008 but are subject to the remittance basis. In this article we analyse the tax provisions to assess how remittances after April 2008 will be treated . . . keep reading
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AIM shares & IHT relief
27/05/2009
Following a request on our forum we've looked at the position of AIM shares and when they will qualify for 100% inheritance tax relief. This article looks at the rules which govern when you'll qualify for inheritance tax relief including the differences for shares gifted during your lifetime and shares held at the date of death . . . keep reading
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Schedules showing how using a company can reduce tax after April 2010
22/05/2009
The 2009 Budget has made a number of changes to apply from April 2010. Key changes include the new 50% rate of income tax and the the loss of personal allowances for high earners. This article compares estimated tax figures to arrive at specific tax savings that traders could obtain from using a company after April 2010 . . . keep reading
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How to complete the 2009 Non Dom pages
20/05/2009
When it comes to completing the tax return and making the most of your non dom status filling in the actual tax return can be confusing. There are essentially four separate forms that you may need to consider. This article looks in detail at how non doms will complete the tax return forms dependent on their specific circumstances . . . keep reading
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Traders moving overseas and NIC
15/05/2009
We were asked about this in a post on our forum so we've researched the position in detail. This article looks at the class 2 and class 4 NIC position for anyone self employed moving overseas . . . keep reading
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Dividends and the remittance basis of tax
13/05/2009
The position of non doms receiving overseas dividends will depend crucially on whether the dividends are from UK or overseas companies and also whether they claim the remittance basis or not. This article looks at exactly how dividends are taxed including an assessment of the different tax rates and the impact of the remittance basis . . . keep reading
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Bank accounts and mixed funds - tax planning for interest
11/05/2009
The mixed fund rules are notoriously complex and therefore any non doms with overseas income or gains should carefully consider whether they'll be affected by these rules. This article looks in detail at how bank accounts can be mixed funds and tax planning for interest and capital . . . keep reading
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Here's what our members are saying ...
"I joined the site after reading an offshore tax guide and was certainly not disappointed. The practical and 'to the point' tax planning has already saved me a considerable sum. I'd recommend this website to anyone."
Jerry Brown, Edinburgh
"I've saved £5,659 in CGT by using this site to double check my accountants advice. My wife has also identified further income tax savings of over £2,000 as result of the property tax articles.
In our case it's well worth the £10 membership fee."
Derek Bailey, Birmingham
"Well written reports that are clear and insightful. I look forward to reading them every week!
Natasha Foude, France
"I have to say your web site is by far the best prepared and most informative that I have seen."
Elsa Budding, Newcastle
"I'm planning my emigration and the offshore reports are exactly what I'm looking for. I'll definitely be renewing!"
Sarah Mather, Reigate, Surrey.
"The property tax advice service was excellent, and I'd have no problems recommending it to anyone. I received my answer within 1 day and was very pleased with the response
Robert Saunders, Leicester
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