2014

I have written in the past on UK Government proposals to tax non UK residents on disposals of UK residential property. I have included a link here to the article which covers this in more detail. The consultation period has now ended and the Government is considering their proposals in the light of the responses […]

Individuals who are UK tax resident but not UK domiciled, and claim (at a cost) the remittance basis relief are not taxed on their non UK income and gains unless these are remitted to the UK. This can be very beneficial for those individuals, particularly if those non UK sources of income and gains are […]

UK companies are likely in the near future, to be forced to keep a publically available register of persons with significant control (“PSC”) over the company. Draft legislation is being considered by Parliament at the moment in the Small Business, Enterprise and Employment Bill. A PSC is someone who has 25% or more of the […]

Historically the UK tax regime has been designed to attract investment into the UK. In recent years though, whilst the Government has been making the corporate tax regime more attractive for potential investors in the UK, the personal tax regime has become far less so. The Government’s latest consultation paper is a continuation of that […]

Non UK residents have historically been outside the charge to UK Capital Gains Tax (“CGT”) when they sell UK residential property. This started to change with the introduction of a tax charge on property disposals by non resident companies (unless they could meet one of the various exemptions, which did include property letting businesses). The […]

UK BUDGET 2014 The UK Government issued its 2014 Budget proposals this week.  This note is not intended to be an in depth comment on the Budget as a whole but simply to highlight some of the cross border tax proposals that may interest your clients, and which they may need to think about further. […]