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Are Offshore Pension Schemes aware of their UK income tax liabilities?

The introduction of the UK Trust Register has given rise to some interesting and worrying conversations for offshore pension providers.  READ MORE
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Posted in 2019, Latest News, News, Newsletters | Comments Off on Are Offshore Pension Schemes aware of their UK income tax liabilities?

Why would selling shares after 17th March 2019 reduce your capital gains tax bill?

There is a relief from capital gains tax which was introduced for shares subscribed for on or after 17th March 2016, and held for at least three years. Read More
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Posted in 2019, Latest News, News, Newsletters | Comments Off on Why would selling shares after 17th March 2019 reduce your capital gains tax bill?

EXTRA 1% SDLT FOR NON-UK RESIDENT INDIVIDUALS – CONSULTATION DOCUMENT ISSUED

In the 2018 Budget, the government announced a proposal to charge an extra 1% SDLT on non-UK residents buying UK residential property. READ MORE
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Failure of excluded property scheme for inheritance tax could have capital gains tax consequences

The taxpayers have recently lost a First Tier Tribunal case relating to an inheritance tax liability Read More
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Posted in 2019, Latest News, News, Newsletters | Comments Off on Failure of excluded property scheme for inheritance tax could have capital gains tax consequences

The new Profit Diversion Compliance Facility- HMRC require much more than a transfer pricing report

Hundreds of multinationals will now have received a letter from HMRC, suggesting that they register for the new Profit Diversion Compliance Facility. Read more
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Posted in 2019, Latest News, News, Newsletters | Comments Off on The new Profit Diversion Compliance Facility- HMRC require much more than a transfer pricing report

2019 Disguised Remuneration Loans Charge: an urgent call for clarity

On 4 December 2018, the House of Lords Economic Affairs Committee published its report ‘The Powers of HMRC: Treating Taxpayers Fairly’ (‘the report’). Read more
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Posted in 2019, Latest News, News, Newsletters | Comments Off on 2019 Disguised Remuneration Loans Charge: an urgent call for clarity

Are UK staff doing the development work for your overseas Distributed Ledger Technology (DLT) company?

In our previous article, we talked about groups setting up DLT companies in jurisdictions which already have a regulatory framework, such as Gibraltar. Read More
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Posted in 2018, Crypto & DLT, Latest News, News, Newsletters | Comments Off on Are UK staff doing the development work for your overseas Distributed Ledger Technology (DLT) company?

Lords criticism of 2019 loans charge: will it make a difference?

Does the government, or more importantly, HMRC, take any notice of what the House of Lords has to say? READ MORE
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Posted in 2018, Latest News, News, Newsletters | Comments Off on Lords criticism of 2019 loans charge: will it make a difference?

Changes to restrict entitlement to Entrepreneurs’ Relief in effect from Budget day

One of the key conditions for Entrepreneurs’ Relief on shares or an interest in shares READ MORE
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Posted in 2018, Latest News, News, Newsletters | Comments Off on Changes to restrict entitlement to Entrepreneurs’ Relief in effect from Budget day

UK property and overseas investors – what should you do before 6th April 2019?

With a few notable exceptions for retail and institutional investors, non-UK resident residents who dispose of UK residential property interests are subject to non-resident UK capital gains tax READ MORE
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Posted in 2018, Latest News, News, Newsletters | Comments Off on UK property and overseas investors – what should you do before 6th April 2019?

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