|
|
|
|

            

|
Latest Articles |
Reducing your capital gains tax to 10% on overseas property
Establishing that a trade exists can be highly advantageous when it comes to minimising your UK taxes on overseas property. This article looks at the new capital gains tax rules applying after April 2008 and how you can still qualify for a 10% rate of CGT. . . . keep reading
The hidden dangers in going overseas to avoid capital gains tax
Many people think it's a simply a case of leaving the UK, and selling up free of capital gains tax. This article looks at why it's not as straightforward as this, and what pitfalls there are for the unwary. This is essential reading for anyone planning to leave the UK to avoid capital gains tax. . . . keep reading
Planning for the £30,000 remittance tax charge
This article looks at the current status of the provisions and exactly what you can do to minimise your tax bill. It considers how the £30,000 tax charge operates, the potential planning areas and the strategies you could put in place to avoid it. . . . keep reading
Checklist to avoid Capital Gains Tax when you emigrate
Although the rate of CGT has now reduced to 18% on investment assets if this is still too high for you, one option is to move overseas and sell as a non UK resident. This area is a minefield and there are lots of tax issues to consider. With something as important as this it's useful to have a handy checklist to ensure you've covered all the key bases. This article highlights the main tax points for you to consider to make sure you can sell up free of UK capital gains tax. . . . keep reading
Using offshore trusts and companies after April 2008
There have been a number of tax changes - particularly to non UK domiciliaries that apply from April 2008. As such this article in intended as a summary of how UK residents will be taxed in relation to any offshore trusts or companies that they set up or are beneficiaries/shareholders of. . . . keep reading
The real secret to becoming a tax exile and avoiding taxes forever
Becoming a tax exile can allow you to completely avoid UK tax. As UK tax can be charged at rates of up to 40%, this can represent a significant saving. This article looks at who can become a tax exile, the tax benefits available and how to go about actually achieving it. . . . keep reading
Step by Step guide to completing the form P85 when you leave the UK to establish non UK residence
You'll probably be completing a form P85 when you leave the UK to tell the Revenue of your departure. This article goes through in detail how to complete this form and includes step by step instructions including explaining why the Revenue want to know the information they're asking for. It includes screenshots of the actual form to illustrate the points. . . . keep reading
Splitting ownership to maximise entrepreneurs relief
The fact that the £1,000,000 lifetime allowance for Entrepreneurs Relief purposes is per person means that there could be substantial tax advantages from splitting ownership. This article looks at the tax implications and opportunities from splitting ownership to maximise Entrepreneurs Relief and minimise capital gains tax on a company disposal. . . . keep reading
The top ten tax mistakes that UK expatriates make
Moving overseas is one of our favorite topics here at WealthProtectionReport.co.uk, and in keeping with this we thought it'd be useful to look at some of the mistakes that are commonly made by expatriates when they leave the the UK to avoid UK taxes. Have a read through these and make sure you don't fall into any of the traps! . . . keep reading
|
|
|
 |
|
Latest Capital Gains Tax Articles |
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
Establishing a property as a main residence in 2008
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
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
Can property investors minimise income and capital gains tax by using a corporate partnership?
Determining the most beneficial structure to carry out property investment activities is something that many property investors think about at some point. This article takes a look at an alternative structure using a corporate partnership. . . . keep reading
Claiming Principal Private Residence relief if you convert a house into flats
Anyone converting a house into flats should be concerned with any capital gain on a future disposal of the flats. If you have previously occupied the house or are planning to occupy the flats claiming principal private residence relief should be a key consideration. This article looks at this in detail . . . keep reading
|
|
|
|
Credit Crunch Tax Planning
22/08/2008
Given the worries over the future state of the economy it's well worth considering whether there's anything you can be doing to reduce your tax liabilities. In this article we look at some ideas for reducing your UK tax charge in the current economic climate . . . keep reading
|
Tax treatment of cash when you close down a company
18/08/2008
Where you have retained cash balances within a company, it's important to be able to access the cash tax efficiently. This is particularly the case if you've left the UK and want to extract the cash whilst non UK resident. This article looks at extracting cash from companies if you're UK resident or non UK resident . . . keep reading
|
Maximising private lettings relief to reduce CGT
15/08/2008
Lettings relief is not as well known as principal private residence relief, however where it applies it can be very effective in further reducing your capital gains tax charge. This article looks at how lettings relief operates as well as how to maximise the amount of lettings relief to reduce your capital gains tax . . . keep reading
|
Is there scope to argue that property letting is a business?
13/08/2008
For many property investors arguing that they are involved in a business will be advantageous in reducing their UK tax liabilities. Most notably they'll be able to claim incorporation relief if they wanted to transfer property to a company. This article looks at recent cases to determine if property letting can be classed as a business for tax purposes . . . keep reading
|
The humble CGT annual exemption at work
11/08/08
With all the emphasis on the more sophisticated and 'fancy' tax planning, it's easy to forget that sometimes simple is best. It doesn't get much more simple than the annual CGT exemption!This article looks at how the annual CGT exemption can be effective in slashing your CGT bill . . . keep reading
|
AIM shares and Entrepreneurs Relief
06/08/2008
Anyone holding or investing in shares listed on the Alternative Investment Market ('AIM') will be aware of the highly beneficial tax reliefs on disposal before April 2008. The changes to the CGT regime have however also brought a number of changes for AIM investors. This article looks at how AIM investors will be taxed on disposals after April 2008, and in particular how the new Entrepreneurs Relief will apply . . . keep reading
|
UK tax for financial traders
04/08/2008
If you buy and sell any form of financial asset the chances are you'll be taxed as an investor.However, there is another classification that some can consider - this is being taxed as a trader. This article looks at the implications of the different status for financial traders and UK tax planning opportunities . . . keep reading
|
|
Tax planning points for non doms coming to live in the UK
30/07/08
Any non doms coming to live in the UK should carefully consider their position in terms of both income and capital gains that could arise overseas. This article looks at some tax planning steps and opportunities that all non UK domiciliaries should be considering before coming to live in the UK . . . keep reading
|
Reducing income tax on a compromise agreement
23/07/2008
If you are terminating your employment with your employer there may well be a compromise agreement between you and the employer company. For many employees in this position ensuring that as much as possible of any lump sum payment is tax free is an important issue. This article looks at sample wording for the compromise agreement and how to maximise the £30,000 tax exemption. . . . keep reading
|
How double tax relief works when you sell an overseas property
21/07/2008
Unless you sell an overseas property that is situated in a tax haven the chances are you'll have to pay some form of overseas tax on any profit you make on the disposal. With the UK rate of CGT now 18% obtaining relief for any overseas tax can make the difference between having a UK CGT liability or not. This article looks at how double tax relief applies to the sale of an overseas property. . . . keep reading
|
Structuring offshore consulting for non UK domicliaries
18/07/2008
Any Non UK domiciliaries who live in the UK and work overseas should carefully consider how they're going to structure their affairs for UK tax purposes. This articles looks at how they will be taxed, and most importantly how they can reduce their UK taxes . . . keep reading
|
Using a Directors Loan Account to Reduce Tax
16/07/2008
A directors loan account can be very beneficial in terms of reducing your UK tax liability. This article looks at both how they can be established as well as how to take advantage of the opportunities to extract cash from the company free of income tax and national insurance . . . keep reading
|
Buying a house via an offshore company
11/07/2008
Buying a UK house through an offshore company is something that sounds potentially attractive. This article looks at when using an offshore company can be tax efficient in purchasing a UK house and how to go about it. . . . keep reading
|
|
|
 |
|
|
|
 |
|
 |
|
 |
Here's what our members are saying ...
"I joined the site after reading Non Resident and Offshore Tax Planning 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
|
|
|
 
 100% Secure Site
|
|
   Offshore Tax Book
   Non Dom Tax Book
   Tax Havens Book
|
|
|