Tax articles

UK tax resident, non-domiciled, individuals who are claiming the remittance basis of taxation, do not pay UK tax on foreign income and gains, as long as these are not remitted to the UK. It is, however, crucial to ensure that this tax benefit is properly planned for and claimed. Failure to plan properly, before arriving in the […]

The mirroring of the numbers (first and second half in a year) occurs only once a century – so the year 2020 is significant for many reasons.  It is recommended that when you’re writing down dates in official and legal documents, write the year in its full four-digit form (2020). It is best to avoid […]

Recent Changes Recent changes in terms of global tax regulations and increasing international tax transparency are vital to consider when implementing strategies to preserve family wealth and family business ownership structures. New global regulations include: Common Reporting Standard (‘CRS’), the US Foreign Accounting Tax Compliance Act (‘FATCA’), and several jurisdictions now operate ultimate beneficial ownership […]

From April 2020, non-UK tax resident companies with income from UK property will no longer be charged UK income tax and will instead be subject to the UK’s corporation tax regime.

Property in the UK can be owned by a company or by an individual and the method of ownership and the status of the company or individual involved will affect the tax treatment.

EMI options are an effective way of retaining and incentivising key employees and are particularly helpful for growing companies.

Companies in a wide range of sectors can make a claim under the UK government’s R&D tax relief schemes which are valuable reliefs offered by the government to encourage companies based in the UK to conduct R&D.

Property in the UK can be owned by a company or by an individual and the method of ownership and the status of the company or individual involved will affect the tax treatment.

From April 2020, non-UK tax resident companies with income from UK property will no longer be charged UK income tax and will instead be subject to the UK’s corporation tax regime.

The past few years have seen dramatic changes to the taxation of UK residential property for both UK and non-UK residents. Detailed below is a summary of the current position (as of June 2019).

UK law relating to domicile is complex and differs from the laws of most other countries. Domicile is distinct from the concepts of nationality or residence. In essence, you are domiciled in the country where you consider you belong and where your real and permanent home is.

Due to the complex nature of the Statutory Resident Test, this flowchart is for guidance only and you should always seek professional advice from a tax expert with regards to determining your residency status.

UK law relating to domicile is complex and differs from the laws of most other countries. Domicile is distinct from the concepts of nationality or residence. In essence, you are domiciled in the country where you consider you belong and where your real and permanent home is.

In this information note we examine a number of the features that make a good holding company jurisdiction and consider the UK holding company in this context both pre and post Brexit.

We examine a number of the features that make a good holding company jurisdiction and consider the UK holding company in this context both pre and post Brexit.