Non Resident and Offshore Tax Planning
by Lee Hadnum
Becoming non-resident is widely viewed to be the most effective way of avoiding tax. In many cases, those who choose to move their assets offshore and become non-resident achieve huge savings on their taxes. It is extremely important, however, to ensure that before taking such a major step you are aware of all the dangers and pitfalls that go hand-in-hand with such rewarding tax benefits.
This tax guide is
designed to help the following groups of people:
Those interested in attaining non-resident
status to avoid income tax and CGT in the UK.
Anyone currently living abroad or planning to
live abroad for most of the year.
Those currently working or planning to work
outside the UK.
Those interested in minimizing tax using
offshore companies and trusts.
Any foreign nationals currently living in the
UK, wishing to use their status to minimize tax.
"A useful guide" The
Guardian
"I found your ‘Non-Resident &
Offshore Tax’ guide excellent. After suffering years
of confusing advice from my accountant in the UK, it
is one of the clearest explanations I have come
across" Steven
Connor, France
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.
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 avoid inheritance tax by losing your UK
domicile.
How foreign nationals can escape UK taxes
altogether.
Dedicated areas of advice for investors in
overseas property.
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.
The Author of Non Resident and Offshore Tax
Planning is Lee Hadnum. Lee is a rarity among
tax advisers having both legal and chartered
accountant qualifications. After qualifying a
prize winner in the Institute of Chartered
Accountants exams, he also went on to become a
chartered tax adviser (CTA). Having worked in
Ernst & Young's tax department for several years
Lee now has his own tax consultancy. He is
author of a number of our tax guides and
provides personalised advice through our popular
Question & Answer Service.
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