Non-Resident Capital Gains Tax on UK Commercial Property – what can be done?
From 6 April 2019, non-residents will be subject to UK Capital Gains Tax on the sale of UK commercial property. This came in to effect for UK residential property from 6 April 2015. The new regime also extends to indirect disposals through sales of interests in property-rich companies, property unit trusts and partnerships. A non-resident […]
Can overseas companies qualify for EIS/SEIS?
Very broadly, EIS/SEIS are approved UK tax advantaged schemes, which give investors a tax break for investing in early stage companies. Please see details in our article on SEIS/EIS investment here. These schemes have encouraged angels to invest around £1.5bn annually. It is a common misconception that only UK companies can qualify for SEIS and […]
Do you have a Permanent Establishment in the UK?
What is a UK Permanent Establishment? A Permanent Establishment (“PE”) is created in a situation where a business is mainly based/trading in an overseas territory, but it has a taxable presence in the UK. Full details as to what is classified as a taxable presence are detailed below. For non-resident companies, the liability to UK […]
Investing in UK property through an LLP
There are many ways to invest in UK property – the most common ways to do so are as an individual or via a company. One other way to do so is through an LLP. What is an LLP? An LLP is a type of partnership. It is generally a preferred vehicle as it […]
UK Transfer Pricing
What is transfer pricing? Transfer pricing is the pricing of the provision of goods, assets and services between connected parties. The test to determine whether two or more persons are connected for the purposes of UK transfer pricing legislation looks at “Participation in the management, control or capital”. This generally means greater than a 50% […]
VAT Flat Rate Scheme – a hidden gem?
Opco-Propco structures – still beneficial or changes needed?
Inheritance tax – relief for passing on main residence
R&D for SMEs – generous tax relief but sting in the tail from 2020?
Making Tax Digital for VAT – it’s getting closer (for most companies)
What is it? Making Tax Digital for VAT introduces new digital filing and record keeping requirements for VAT. It is compulsory for all entities that are VAT registered in the UK and have an annual taxable turnover exceeding £85,000. See blog Making Tax Digital for VAT for full details. What is specifically required? There […]