Non Resident Offshore Tax Planning 2016 2017

New April 2016 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 2015. 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-doms 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. and much more...

New September 2017 Edition fully updated for the latest 2017/2018 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 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 tax efficiently. How the statutory residence test applies. 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 amd �90,000 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 applies from April 2015 applies 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-doms. 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 2017/2018 How to save tax with double tax treaties.

In many respects this is the ultimate way to slash your tax bill. By becoming non-resident or moving your assets offshore it is possible to cut your tax bill to zero. However, there are also many traps and dangers for the unwary. This guide will arm you with the facts needed to avoid these pitfalls and, most importantly, save tax! This guide contains all the very latest tax changes.

"An authoritative review of the topic" - The Times "A useful read" - Guardian Unlimited "A helpful guide to non-resident and offshore tax matters" - The Telegraph New March 2014 Edition - fully updated for the latest 2014/2015 changes including: The proposed changes to the CGT regime for non residents from April 2015 Latest changes to the statutory residence test for 2014 Recent decisions on residence Changes to Inheritance tax for non doms Changes announced in the March 2014 Budget Leaving the UK and becoming non UK resident offers many tax planning benefits. Non UK domiciliaries can also structure their affairs to avoid UK tax. This 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 is Included in this book? Subjects covered include: Full and comprehensive explanation of how to establish non-domicile and non-residence. March 2014 Budget changes. How becoming non-resident could save you a fortune in tax. How the statutory residence test applies from April 2013. 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. How to protect property investments from the taxman. Tax implications of selling your UK home after you leave the UK. The latest non-dom tax changes for 2013. 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 £50,000 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 2014 may 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-doms. How you could claim tax free lump sums whilst working abroad. How Double Tax Relief works and how to make the most of it. How to avoid tax everywhere by becoming a "Tax Nomad". Tax advantages and disadvantages of offshore trusts and companies. Detailed analysis of the 2013 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. and much more...

In many respects this is the ultimate form of tax avoidance. By becoming non-resident or moving your assets offshore it is possible to cut your tax bill to zero. However, there are also many traps and dangers for the unwary. This guide will arm you with the facts needed to avoid these pitfalls and, most importantly, save tax!

This guide contains detailed information on how offshore companies and trusts are taxed in 2013 and how (and when) you can use them to reduce your UK taxes. It is updated for the latest anti avoidance rules that apply from April 2013. Subjects covered include: Offshore Companies What benefits there are from using an offshore company Detailed explanations of how to establish your company as non resident...including a review of recent cases in this area How and when you are taxed on income of the offshore company...including how these rules are changing How and when you are taxed on capital gains of the offshore company including details of the latest 2013 rules How to use double tax treaties to make maximum use of offshore companies When you can use offshore companies to reduce your UK taxes How to show offshore company income on UK tax returns How non UK domiciliaries can take advantage of special rules for using offshore companies How to avoid having a UK trade and being taxed on UK profits How the new controlled foreign company (CFC) provisions will apply from 2012 Whether to trade overseas using a separate company or branch ...and how the reform of the tax treatment of foreign branches from April 2012 will impact on this Using an offshore company and trust structure Offshore company checklist Plus lots more... Offshore Trusts What tax benefits are available from using an offshore trust Information on the new annual charge and CGT regime from April 2013 How Offshore life interest trusts are taxed When and how to migrate a UK trust offshore Exactly how the income tax, CGT and IHT anti avoidance rules apply to offshore trusts ...and when they don't apply The top tax planning uses for offshore trusts How you can use offshore trusts to benefit your Grandchildren tax efficiently How non UK domiciliaries can take advantage of special offshore trust rules When you can use offshore trusts to purchase property tax efficiently How to extract cash from offshore trusts tax efficiently Techniques to "Wash out" capital gains with offshore trusts How to use double tax treaties to set up a tax efficient offshore trust structure Recent offshore trust Q&A's ...and much more

Analysis of the taxation of foreign domiciliaries, the taxation of non-residents on UK assets and taxation of UK residents on foreign assets. The book states the law as at 1 October 2016. The chapters include the following topics: foreign domicile (tax policy and reforms); public debate on tax avoidance; domicile; residence of individuals; residence of trustees; treaty-residence; year of arrival and departure; exit taxes; temporary non-residence; remittance basis; meaning of remittance; remittance reliefs; mixed funds; income sources and categorization; trading income; entertainers and sportspeople; property income; deduction of interest from property income; interest income; exempt interest of non-residents; dividend income; royalty income; employment income; PAYE; employment income: DT relief; pension and annuity income; discretionary trusts: income tax; IIP trusts; settlor-interested trusts; transfer of assets abroad (transferors, non-transferors, double taxation issues, motive defence); life policies and contracts; offshore funds; offshore income gains; income from offshore funds; accrued income profits; deeply discounted securities; unit trusts; intermediated securities; partnerships; non-residents income tax relief; collection of tax from UK representatives; investment manager exemptions; loans from non-resident companies; rates of tax; personal allowances; national insurance contributions; capital gains of UK residents; gains of non-resident settlor-interested trusts: s.86; capital payments from non-resident trusts: s.87; borrowing by non-resident trusts: Sch 4B; gains of non-resident companies; capital losses; foreign currency issues; exchange control; double taxation agreements; foreign tax credit relief; EU law and UK taxation; deemed domicile for IHT; excluded property for IHT; reservation of benefit; IHT consequences of transfers between trusts; IHT deduction for debts; IHT planning before and after a change of domicile; IHT on death: wills and IOVs; double inheritance taxation; IHT DTAs: India, Pakistan, Italy, France, USA, Switzerland; foreign IHT credit relief; UK domiciliary married to foreign domiciliary; residential property of non-resdients: NRCGT; family home and its chattels; corporate residential property; pre-owned assets; joint accounts; estates of deceased persons (CGT, income tax); who is the settlor; trusts with two or more settlors; situs of assets for IHT; situs of assets for CGT; foreign entities; control connected close and related expressions; permanent establishment and branch/agency; disclosure and compliance; Swiss Tax Agreement (clearance facility, withholding tax); disclosure of information by Swiss authorities; criminal law and professional conduct.

This guide contains detailed information on how offshore companies and trusts are taxed in 2015 and how (and when) you can use them to reduce your UK taxes. It is updated for the latest anti avoidance rules that apply from April 2015. Subjects covered include: Offshore Companies What benefits there are from using an offshore company Detailed explanations of how to establish your company as non resident...including a review of recent cases in this area How and when you are taxed on income of the offshore company...including how these rules are changing How and when you are taxed on capital gains of the offshore company including details of the latest rules How to use double tax treaties to make maximum use of offshore companies When you can use offshore companies to reduce your UK taxes How to show offshore company income on UK tax returns How non UK domiciliaries can take advantage of special rules for using offshore companies When to use Offshore Hybrid Companies and how they're taxed in the UK When to use private trust companies and private trust foundations How to avoid having a UK trade and being taxed on UK profits How the new controlled foreign company (CFC) provisions will apply Whether to trade overseas using a separate company or branch ... Using an offshore company and trust structure Offshore company checklist Plus lots more... Offshore Trusts What tax benefits are available from using an offshore trust How the ATED and CGATED apply The new CGT charge for UK residential property from April 2015 and non-resident trusts Should you use an offshore trust to hold UK residential property from April 2015? How Offshore life interest trusts are taxed Key points to consider when setting up an offshore trust When and how to migrate a UK trust offshore Exactly how the income tax, CGT and IHT anti avoidance rules apply to offshore trusts ...and when they don't apply The top tax planning uses for offshore trusts How you can use offshore trusts to benefit your Grandchildren tax efficiently How non UK domiciliaries can take advantage of special offshore trust rules When you can use offshore trusts to purchase property tax efficiently How to extract cash from offshore trusts tax efficiently Techniques to "Wash out" capital gains with offshore trusts How to use double tax treaties to set up a tax efficient offshore trust structure Recent offshore trust Q&A's ...and much more

There are a number of complex anti avoidance rules that can apply where offshore, non-resident companies are used for UK tax planning. In this book we look at 15 of the main ways that offshore companies can still be used for UK tax planning purposes. We look at how the anti avoidance rules apply in various scenarios and assess how these will impact on the UK tax treatment. Key issues include: Avoiding Inheritance tax for Non UK domiciliaries Offshore Joint Ventures When there are good business/commercial reasons for offshore company Creating an income tax shelter where you and your spouse are excluded from benefitting Holding overseas property using an offshore investment company Non resident individuals running trading companies Taking advantage of double tax treaties to reduce withholding taxes (eg Offshore licence/patent companies) Avoiding CGT with a company in a treaty country Reducing capital gains tax with offshore holding companies Non UK domiciliaries with income and gains retained abroad Using an offshore company where you are planning to be non resident in the future UK trading companies looking to expand overseas Using offshore companies where genuine intercompany services are provided overseas How to use multiple shareholders to create a tax efficient structure Using an offshore trust & company combination tax efficiently

CTC’s International Tax Compendium is a collection of incisive & in-depth articles on international taxation, which serves as a reference manual and indeed, a practice guide for its readers. The current edition of the compendium is more current, more incisive, covers a broader range of topics, and like its previous three editions, promises to be another very useful tool for the following: • Tax Professionals both in India and Overseas • Judiciary and Tax administrators ought to find this a useful reference point both for technical analysis as well as for understanding the right perspective in which to view some of the international tax developments of the recent past. This compendium will equip its readers with better knowledge and practical examples to be able to serve their clients better. The current edition of the compendium is a comprehensive four volumes set, containing approximately 5,200+ pages covering all major topics on the subject of International Taxation, such as: • Amendments made in the Income-tax Act, 1961 • Changes introduced in the OECD Model Tax Convention, 2017 • Updates introduced in the OECD Model Commentary in 2017 • Updates introduced in UN Model Tax Convention in 2017 • Global Focus on combating Tax Evasion • Initiation of various Anti Avoidance Measure and tightening of Anti Money Laundering Laws • Implementation of Multilateral Instruments pursuant to the publication of the BEPS Action Plan Reports in October, 2015. The Present Publications is the 4th Edition, covering 137 Articles authored by 200+ Experts. This Compendium is a balanced collection of articles by recognised experts in the field, by young as well as eminent professionals and also by experienced and knowledgeable Commissioners of Income-tax & Senior Ex- Revenue Officials. This book is divided into four volumes, and their contents (volume-wise) are listed below: • Volume 1 & 2 contains articles explaining the following: 𝚘 Theme/basic concepts of Double Tax Avoidance Agreements 𝚘 Various Articles of Model Tax Convention 𝚘 Specific provisions of the Domestic Law dealing with the Taxation of Non-Residents and Cross-Border Transactions • Volume 3 contains industry specific articles such as: 𝚘 Taxation of Telecom Sector 𝚘 Broadcasting & Telecasting industries 𝚘 Electronic Commerce 𝚘 Foreign Banks, Offshore Funds, FII’s etc. • Volume 4 contains articles on the following: 𝚘 FEMA and other Domestic Laws such as Prevention of Money Laundering Act, Foreign Contribution Regulation Act, Black Money Act, Benami Law 𝚘 Various Anti-Avoidance Measures & other specialised articles