Non domiciled individuals must give careful consideration to their UK tax position, especially where deciding whether or not to opt for the remittance basis.
As more and more business expand abroad, risks arise that the enterprise will become subject to tax abroad as a result of conducting activities there.
The UK offers an attractive opportunity for overseas investors looking at commercial property. No CGT, a low corporation tax rate and the ability to avoid SDLT
The non-resident landlord scheme (NRLS) requires letting agents or tenants to deduct basic rate tax on rents paid (over £100 PW) to non-resident landlords.
A longstanding piece of anti-avoidance legislation, the TOAA is wide reaching legislation and should always be considered where there is an interest in an offshore entity.
The UK has seen a number of legislative changes in recent years, affecting non-residents owning UK residential property.