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Should you set up a new company for trading overseas?
01/02/2010
If you are considering trading overseas, you may be considering whether to trade via a branch of an existing UK company or alternatively form a separate (usually overseas) company to carry out the trade. This article looks at the pro's and con's of setting up a new company to carry out the overseas trade. . . . keep reading
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Establishing an overseas domicile of choice in 2010
25/01/2010
Losing a UK domicile and establishing a domicile of choice overseas can be very advantageous in terms of reducing UK inheritance tax as well as in terms of UK succession law. This article looks as how to establish an overseas domicile of choice in 2010. . . . keep reading
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Tax deduction for travelling expenses if working abroad
22/01/2010
Following a request from a site member we've looked at the tax rules relating to obtaining tax relief for travel expenses for you and your close family if you work abroad. This article looks at exactly when you will qualify for a tax deduction for your travelling costs . . . keep reading
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Top CGT free countries
20/01/2010
If you want to sell shares in your UK company or UK land and property free of capital gains tax, moving overseas and establishing non UK residence is one of the most effective tax planning options. In this list below we've looked at some of the top international destinations that don't levy CGT. . . . keep reading
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Making a negligible value claim to crystallise capital losses
18/01/2010
If you have assets standing at a loss you would usually need to actually sell them to crystallise the capital loss. However, if the asset has become worthless you can make a negligible value claim to utilise the loss. In this article we look at how the negligible value claim operates and how to make the most from it . . . keep reading
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How Phillip Green saved hundreds of millions in tax by making use of his wifes tax status
You've probably read articles of how some of the UK's richest businessmen and women use their offshore status to avoid UK taxes. It doesn't stop there though. Even though you may be a UK resident domiciliary, if you're lucky enough to have a spouse that has a form of 'offshore' status, you too should be able to reap the rewards. The most famous example of this is the BHS owner, Philip Green, who thanks to his wife's non UK resident status can route substantial dividends (we're talking over £800Million) through his wife and avoid UK income tax in full. Whilst you won't have access to the top level advisers that he can use, this doesn't mean that you also couldn't use similar techniques to reduce your UK tax bill. . . . keep reading
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Making a 'distinct break' from the UK to establish non UK residence
04/01/2010
One of the key outcomes of the recent High Court and Court of Appeal decisions on residence is that they reiterate that a prospective emigrant should look to ensure there is a 'distinct break' with the UK. This is essential to establish non UK residence. In this article we look at how this could be achieved in practice. . . . keep reading
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When the 7 year inheritance tax survivorship period can be avoided
30/12/2009
It's well known that you can make gifts of any assets within your estate and provided you survive for seven years they will be free of inheritance tax. This applies for transfers to trusts as well as individuals. However, if you or your relatives are old or infirm seven years may be too long. This article looks at the options for reducing inheritance tax without needing to survive for seven years . . . keep reading
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New HMRC guidance for non doms using the remittance basis and exchange rate gains
21/12/2009
HMRC have published some guidance on the tax treatment of non doms in relation to exchange rate gains and losses. This is an issue that has caused concern for some members as any non doms claiming the remittance basis will lose the benefit of the annual exemption. This could give rise to small numerous gains on exchange rate movements. In this article we look at the impact of the new guidance. . . . keep reading
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Trading in the UK with a UK company/LLP and how to minimise tax
18/12/2009
If you're a non UK resident looking to carry out any business activities in the UK you should carefully consider whether there could be a charge to UK tax, and if so how this can be mitigated. In this article we look at the dangers of a UK permanent establishment, how this can be avoided and how a UK company or LLP could be used . . . keep reading
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The new furnished holiday letting rules after the 2009 PBR
16/12/2009
In the 2009 Budget the Chancellor announced that the furnished holiday letting ('FHL') rules were to be repealed as from April 2010. However, there was no guidance provided as to how existing FHL's were to be treated for 2010/2011 particularly in terms of capital allowances and any pre 2010 losses. The 2009 Pre Budget Report has filled in a lot of the blanks and in this article we summarise the rules and look at the new tax treatment of FHL's after April 2010. . . . keep reading
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How non residents can eliminate income tax on UK rental income
14/12/2009
If you're non UK resident and rent out UK property you'll be subject to UK income tax on the rental income. This will fall within the non residents landlord scheme and would initially be subject to basic rate income tax at source for most landlords. In this article we look at the techniques non residents can apply to reduce UK income tax on the rental profits to nil . . . 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
I must thank you for the most informative reply to my enquiry.
It is so extensive, I intend setting an evening aside to absorb it all.
Again, thank you for a most useful website.
Lorne B, Sutherland,UK
"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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Offshore Tax Book
Non Dom Tax Book
Tax Havens Book
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Capital Gains Tax
