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Offshore Companies Holding UK Property: 2015+
Contributor(s): Hadnum, Lee (Author)
ISBN: 1503142620     ISBN-13: 9781503142626
Publisher: Createspace Independent Publishing Platform
OUR PRICE:   $18.03  
Product Type: Paperback
Published: November 2014
* Not available - Not in print at this time *
Additional Information
BISAC Categories:
- Business & Economics | Personal Finance - Taxation
Physical Information: 0.13" H x 5.98" W x 9.02" (0.22 lbs) 64 pages
 
Descriptions, Reviews, Etc.
Publisher Description:
Buying UK property via an offshore company has traditionally been attractive for a number of reasons.
These include:
  • A CGT exemption on disposal
  • An Inheritance Tax exemption for non UK domiciliaries
  • To preserve privacy
  • To avoid the need for UK probate
  • SDLT savings on the onward disposal
    There are however a number of changes to the tax treatment of offshore companies owning UK residential property from April 2013 where the property value exceeds 2 Million.
    These rules are being extended to properties valued above 500,000. These changes apply from 2015 and 2016.
    In addition there is likely to be a general CGT charge for non-residents selling UK residential property from April 2015.
    In this book we look in detail at precisely how offshore companies owning UK property are taxed both before and after April 2013 as well as the 2015 and 2016 changes.
    We look at all of the UK tax planning implications of using offshore companies for holding UK property and assess to what extent this is still a worthwhile tax planning strategy.
    Topics covered include:
  • Why purchase UK property via an offshore company
  • How to avoid UK corporation tax
  • How rental income is taxed in the offshore company and how to reduce UK tax to a minimum
  • How to maximise tax relief for interest
  • Inheritance tax treatment of the offshore company
  • Danger issues with UK "Shadow Directors"
  • How the ATED rules apply from 2012
  • Changes to the ATED rules in the 2014 Budget
  • The proposed new CGT charge on non-residents
  • What should companies within the ATED do now?
  • How should you purchase UK property going forward?