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Latest Articles Download - UK tax residence calculator If you're interested in finding out whether you could qualify as non UK resident try this simple tax calculator. By providing responses to a series of questions it assesses whether you are UK resident or not. . . . 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 Can Non Doms still remit cash tax free by making gifts to family overseas after the 2008 legislation? In the past a common method for non UK domiciliaries to avoid the remittance rules was by gifting overseas assets to a family member who could then bring the asset into the UK. This article explains if and how this is still possible after the changes to apply from 6 April 2008. . . . keep reading Buying a property in Florida tax efficiently If you're looking to buy an investment property in Florida establishing the most beneficial tax structure is crucial. You'll need to consider both the UK and US tax position. This article looks at both and considers the options available. . . . 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 More

Latest Capital Gains Tax Articles Should you buy residential property in your name or via a company to reduce tax? It's a pretty common question, and is something that should be considered well before you actually buy any property (or even exchange contracts). You could buy investment property in your name, via a UK company, via an offshore company or even via a trust. For most UK residents the key issue will be whether to buy personally or via a UK company. This article looks at the issues and identifies when using a company is more tax efficient than using a buying personally based on the new 2008 rules. . . . keep reading Capital gains tax and the remittance basis Any non doms that may be realising capital gains offshore after April 2008 will need to understand how the new rules operate. This article looks at how overseas capital gains will be taxed for non UK domiciliaries after April 2008. It also looks at the impact of the £30,000 annual tax charge and how overseas tax can dramatically alter the UK tax planning options. . . . 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 More