Publisher Description:
New January 2017 Edition fully updated for the latest 2016/2017 changes
Leaving the UK and becoming non UK resident offers many tax planning benefits.
It isn't just non residence that offers tax planning opportunities. Non UK domiciliaries can also structure their affairs to avoid income tax and capital gains tax as well as inheritance tax.
This 325 page tax book is essential reading for:
- Anyone considering moving abroad to avoid income tax or CGT
- Anyone planning to work overseas
- Anyone returning to the UK after a period of non-residence
- Non UK domiciliaires planning to live in the UK tax efficiently
What Information is Contained in the Guide?
Non-Resident & Offshore Tax Planning is jam-packed full of clear examples and unique tax planning advice. Subjects covered include:
- Full and comprehensive explanation of terms "Domicile" and "Non Resident".
- How becoming non-resident could save you a fortune in tax.
- Fully updated for new residence rules.
- Latest tax changes from April 2016 and April 2017.
- The new 15 year (or in practice 13 year) rule for non-doms from April 2017.
- All about the new Principal Private Residence (PPR) relief rules from April 2015.
- How to purchase UK property after 2015.
- How the statutory residence test applies from April 2013.
- Changes to the tax treatment of UK dividends from April 2016.
- Detailed analysis of relevant cases on non residence.
- Exactly how to make a distinct break with UK to avoid UK residence.
- How to take advantage of loopholes in the Statutory Residence provisions.
- How HMRC keeps a track on UK visits with new technology.
- Whether you should or shouldn't be claiming the personal allowance after you leave the UK.
- How to make capital & income distributions from offshore trusts tax efficiently.
- Exactly how to establish company residence overseas.
- Detailed explanations of how to avoid UK tax on your income from rents, dividends, pensions and employment.
- How you could completely escape capital gains tax both in the UK and abroad.
- Pitfalls to negotiate when avoiding UK capital gains tax.
- Tax implications of selling your UK home after you leave the UK.
- How to lose a UK domicile and how to retain an overseas domicile.
- How to avoid inheritance tax by losing your UK domicile.
- How to use your spouse to slash your tax bill.
- How the changes to the remittance basis will affect non UK domiciliaries AND the opportunities you still have to reduce UK taxes.
- How the 30,000 and 60,000 annual tax charge for non UK domiciliaries works.
- How to remit income and capital gains free of UK tax.
- How the new CGT regime for non-residents from April 2015 will apply
- What you need to know about the new Business Investment Exemption
- How foreign nationals can escape UK taxes altogether.
- Dedicated areas of advice for investors in overseas property.
- Changes to the treatment of loans for non-dom.
- How Double Tax Relief works and how to make the most of it.
- How to avoid tax everywhere by becoming a "Tax Nomad".
- Detailed analysis of the latest changes to the tax treatment of offshore companies
- A detailed look at when you can and can't use offshore companies and trusts to reduce UK taxes.
- How overseas investors should invest in UK property.
- How non UK domiciliaries can use excluded property trusts tax efficiently in 2014/2015
- How to save tax with double tax treaties.
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