Non-Resident and Offshore Tax Planning

In many respects this is the ultimate form of tax planning. 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 to avoid and pitfalls to negotiate.

This tax guide is designed to help the following groups of people:-

• Anyone wanting to become non-resident to avoid UK income tax and capital gains tax.
• Foreign nationals (non-domiciles) living in the UK wanting to make the most of their special tax status. This is even more important following changes in the October 2007 Pre-Budget Report.
• Those living abroad or planning to live abroad for part of the year.
• Anyone currently working abroad or planning to work abroad.
• Anyone interested in using offshore trusts and companies to minimise tax.
  Non-Resident & Offshore Tax Planning is written in plain English and is crammed full of examples and tax planning advice. Subjects covered include:-
  • All relevant changes from the March 2007 Budget & the October 2007 Pre-Budget Report.
  • Clear but detailed explanation of "Non Residence" and "Domicile".
  • How to become non-resident and how this will affect your tax bill.
  • How to avoid UK income tax on your rents, interest, dividends, pension and employment income.
  • How to totally avoid paying capital gains tax in the UK and abroad.
  • Traps to avoid to prevent gains being subject to UK capital gains tax.
  • How to lose your UK domicile and avoid inheritance tax.
  • How foreign nationals ("non domiciles") can use their special status to avoid UK taxes.
  • How the changes to the remittance basis, planned to apply from 6 April 2008, will affect non UK domiciliaries AND the opportunities you still have to reduce UK taxes.
  • Detailed advice for overseas property investors.
  • How to receive tax-free lump sums when you work abroad.
  • Protecting your property investments from the UK taxman when you live or work abroad.
  • How to make the most of Double Tax Relief.
  • How to gain tax benefits from your husband or wife’s status.
  • How to become a Tax Nomad and avoid tax wherever you go.
  • Tax benefits and dangers of offshore trusts.
  • Pros and cons of offshore companies.
  • How double tax treaties can be used to save tax.
  • Examples are used throughout to explain important points.